$750,000
$25K PRICE DROP

Estimated payment $4,486/month

Total Views 24,326
12 Beds
6 Baths
4,842 Sq Ft
$155 Price per Sq Ft

Highlights

  • Property is near public transit
  • Park
  • Tile Flooring
  • Porch
  • Shops
  • 1-minute walk to Loretta Bourque Park

About This Home

Prime investor opportunity in New Bedford’s South End! This income-producing 5-unit property offers spacious floor plans and strong rental potential. Four units are well maintained with solid tenant history, while one unit provides a chance for cosmetic updates to boost value and increase cash flow. All units feature generous layouts with natural light and flexible living space. Located in a high-demand rental area near the waterfront, beaches, and vibrant South End amenities. Close to public transit and commuter access points, making it attractive to a wide tenant base. Separately metered utilities and low-maintenance vinyl siding keep operating costs down. Whether you're expanding your portfolio or looking for a value-add opportunity in a growing market, this property delivers on both potential and location. A rare chance to own a 5-family in one of the city’s most promising neighborhoods. Group showings only!

Listing Agent

Brad Thelin

RE/MAX Vantage Listed on: 04/16/2025

RE/MAX Vantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,874

Year Built

  • Built in 1910

Lot Details

  • 3,833 Sq Ft Lot
  • Level Lot
  • Cleared Lot

Parking

  • Open Parking

Home Design

  • 4,842 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Bulkhead
  • Rain Gutters
  • Porch

Location

  • Property is near public transit

Schools

  • Irwin Jacobs Elementary School
  • Roosevelt Middle School
  • NBHS High School

Utilities

  • Separate Meters
  • 60 Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:0014 L:0007,2884232

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,874

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1910
  • Levels: 5
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Tile, Vinyl, Varies, Laminate
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Bulkhead, Concrete, Unfinished
  • Above Grade Finished Sq Ft: 4842
  • Living Area: 4842
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN2314
  • LIST PRICE PER Sq Ft: 154.89
  • PRICE PER Sq Ft: 154.89

Exterior Features

  • Exterior Features: Rain Gutters, Varies per Unit
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Bay, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Varies per Unit
  • Electric: Circuit Breakers, 60 Amps/Less, Individually Metered, Varies per Unit
  • Water Source: Public
  • Hot Water: Natural Gas, Tank, Varies Per Unit

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, House of Worship, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0014 L:0007,2884232
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3833
  • Lot Size Units: Acres
  • PAGE: 250

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5874
  • Tax Book Number: 12176

Multi Family

  • Gross Income: 78000
  • Net Operating Income: 78000
  • Number Of Units Total: 5
  • Total Actual Rent: 6500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 3
  • FLRS 3: 2
  • FLRS 2: 2

MLS Schools

  • High School: Nbhs
  • Elementary School: Irwin Jacobs
  • Middle Or Junior School: Roosevelt

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
05/21/2025 05/21/25 Price Changed $750,000 -3.2% $155 / Sq Ft
04/16/2025 04/16/25 For Sale $775,000 +248.3% $160 / Sq Ft
08/21/2017 08/21/17 Sold $222,500 -2.4% $46 / Sq Ft
06/18/2017 06/18/17 Pending -- -- --
05/16/2017 05/16/17 Price Changed $227,900 0.0% $47 / Sq Ft
05/16/2017 05/16/17 For Sale $227,900 +4.6% $47 / Sq Ft
05/12/2017 05/12/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $217,900 -- $45 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73360494

MLS Property Information Network (MLS PIN)