$899,000
10
Beds
5/1
Baths
776
Living Area
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Property Description
This prime 5-unit mixed-use building in downtown New Bedford presents a great investment opportunity, offering both immediate cash flow and long-term potential. The property includes four residential units — two three-bedroom apartments and two two-bedroom apartments — some of which have been fully renovated to feature spacious, airy living areas that attract quality tenants and enhance rental value. The fifth unit is a well-established restaurant and bar, serving as a neighborhood staple for over 20 years. The current owner plans to remain with a new long-term lease, ensuring a stable income stream. With a mix of updated residential units and a commercial anchor, this property offers a secure, low-maintenance asset in a high-demand area near local amenities and public transportation. Ideal for both experienced investors and newcomers looking for a reliable, income-generating investment.
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Highlights
- Levels: 3
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 23
- Status: Active
- Property Class: Residential Income
- Stories: 3
- Year Built: 1884
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Additional Details
- Basement: Full
- Lot Features: Other
- Total Number of Units: 5
- Year Built Source: Public Records
- Foundation: Granite
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Mub
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $567,600
- Sub-Agency Relationship Offered: Yes
- Taxes: $6,419
- Compensation Based On: Net Sale Price
- Tax Year: 2025
- Total Rent: $8,500
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