$1,925,000
$847,900
127.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
7 Baths
5,914 SqFt
SOLD DATE : 09/30/2025
Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,914 sqft
Price per Sqft $325
MLS Listing ID 73419189
Sold Date 09/30/25
Bedrooms 6
Full Baths 7
Year Built 1820
Annual Tax Amount $9,488
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type 5-9 Family
Property Description
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.
Location
State MA
County Bristol
Zoning RC
Direction Please use GPS.
Rooms
Basement Unfinished
Interior
Interior Features Living Room, Kitchen
Flooring Wood
Fireplaces Number 4
Appliance Range, Refrigerator
Exterior
Garage Spaces 4.0
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station, University
Roof Type Other
Total Parking Spaces 8
Garage Yes
Building
Story 3
Foundation Granite
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Nina Watson Weeks • Milbury and Company