$847,900
OPEN SAT 2PM - 4PM

Estimated payment $5,411/month

Total Views 1,000
6 Beds
7 Baths
5,914 Sq Ft
$143 Price per Sq Ft

Highlights

  • Medical Services
  • 0.23 Acre Lot
  • Property is near public transit
  • Granite Flooring
  • Deck
  • 4-minute walk to Monte Park

About This Home

Fantastic 7-Family in Prime New Bedford Location – Strong Cash Flow with Built-In Upside! Don’t miss this rare opportunity to own a well-maintained 7-unit property in one of New Bedford’s most desirable rental markets. The building features six spacious 1-bedroom units and one studio, currently producing $7,250/month with one unit vacant—offering a clear path to $10,000+/month once fully stabilized. Several units have already been tastefully renovated, and the property benefits from a newer roof and other recent improvements. Additional income potential exists by separating the shared heat, creating a significant boost to NOI over time. The property also offers off-street parking and separate electrical for each unit. Conveniently located near downtown, public transportation, and major highways, this asset combines strong in-place returns with excellent long-term growth potential—perfect for investors looking to scale their portfolio with a turnkey, cash-flowing property.

Listing Agent

Candor Realty Group

Four Points Real Estate, LLC Listed on: 08/18/2025

Co-Listing Agent

Andrew Freed

Four Points Real Estate, LLC

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,488

Year Built

  • Built in 1820

Lot Details

  • 9,875 Sq Ft Lot
  • Near Conservation Area

Parking

  • 4 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Frame Construction

Interior Spaces

  • 5,914 Sq Ft Home
  • Property has 1 Level
  • 4 Fireplaces
  • Living Room
  • Range
  • Unfinished Basement

Flooring

  • Wood
  • Granite

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Separate Meters

Listing and Financial Details

  • Rent includes unit 1(heat water), unit 2(heat water), unit 3(heat water), unit 4(heat water)
  • Assessor Parcel Number M:0041 L:0023,2889243

Community Details

Overview

  • 7 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,488

Year Built

Built in 1820

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1820
  • Levels: 3
  • Year Built Details: Approximate
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: OpenHouse
  • Stories: 3

Interior Features

  • Flooring: Wood
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: Yes
  • Fireplaces: 4
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 6
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Basement: Unfinished
  • Above Grade Finished Sq Ft: 5914
  • Living Area: 5914
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN5498
  • LIST PRICE PER Sq Ft: 143.37
  • PRICE PER Sq Ft: 143.37

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking Spaces: 4
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Heat,Water), Unit 3(Heat,Water), Unit 4(Heat,Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0041 L:0023,2889243
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 9875
  • Lot Size Units: Acres
  • PAGE: 302

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 9488
  • Tax Book Number: 14752

Multi Family

  • Number Of Units Total: 7
  • Total Actual Rent: 4800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $847,900 -- $143 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73419189

MLS Property Information Network (MLS PIN)