Exceptional investment opportunity in the heart of New Bedford! This 5-family property offers strong income potential with all tenants currently TAW. Major updates include a new roof in 2023, recently replaced hot water tanks, and a brand-new furnace installed last month. Property also features a rare 4-car garage plus an additional lot behind the garage with access from the side street-ideal for potential additional parking, storage, or outdoor space for tenants. Located just a short walk to downtown New Bedford, offering easy access to the vibrant waterfront, restaurants, cafes, shops, ferry service to Martha's Vineyard, art galleries, and the thriving historic district. A fantastic opportunity for investors looking for cash flow and future upside in one of the city's most desirable locations.
| MLS # | 73523871 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 120 |
| Listing Provided By | Lamacchia Realty, Inc | Linda Perry |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,557 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 3 |
| Units | 5 |
| Zoning | MUB |
| Acreage | 0.17 |
| Rooms Total | 24 |
|---|---|
| Fireplaces Total | 1 |
| Fireplace Yes / No | Yes |
| Flooring | Vinyl, Hardwood |
| Roof | Shingle |
|---|---|
| Foundation Details | Granite |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Paved Drive, Off Street |
| Open Parking Yes / No | Yes |
| Utilities | for Gas Range |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers |
| Tax Annual Amount | 6127.62 |
|---|---|
| Tax Assessed Value | 559600 |
| Tax Year | 2026 |
| Community Features | Public Transportation, Shopping, Laundromat, T-Station |
|---|---|
| Senior Community Yes / No | No |
| State | MA |
|---|---|
| County | Bristol |
| City | New Bedford |
| Zip Code | 02740 |
| Area | Bristol |
| Listing VS Median (in 02740) | |
Price: $679,000 low | high Med: $449,900 sqft: 3,557 low | high Med: 1,916 $ / sqft: $191 low | high Med: $235 On site: 120 low | high Med: 76 | |
| State | MA |
|---|---|
| County | Bristol |
| City | New Bedford |
| Zip Code | 02740 |
| Area | Bristol |
| Listing VS Median (in 02740) | |
Price: $679,000 low | high Med: $449,900 sqft: 3,557 low | high Med: 1,916 $ / sqft: $191 low | high Med: $235 On site: 120 low | high Med: 76 | |