Sold!
$1,925,000
6
Beds
9
Baths
7,015
Living Area
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Property Description
Fantastic 8-Family in Prime New Bedford Location – Strong Cash Flow with Immediate Upside! This well-maintained property is a rare find for investors seeking a stabilized, income-producing asset in one of New Bedford’s most desirable rental markets. Featuring six 1-bedroom units and two studios, the property is currently generating $8,500/month with one unit delivered vacant, providing a clear path to over $11,000/month once fully stabilized. Many units have already been renovated, and recent property improvements include a newer roof and separately metered gas and electric, keeping operating costs low. Additional income potential exists through off-street parking and a detached garage. Located close to downtown, public transportation, and major highways, this property offers a strong in-place return with long-term growth potential. OPEN HOUSE: SATURDAY (8/23) AND SUNDAY (8/24) FROM 12-2 PM.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1834
- Parking Spots: 8
- Property Type: 5-9 Family
- Total Rooms: 18
- Status: Closed
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Brick/Mortar
- Lot Features: Corner Lot
- Roof: Other
- Total Number of Units: 8
- Year Built Source: Public Records
- Basement: Unfinished
- Flooring: Wood
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ra
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station, University
- Covered Parking Spaces: 4
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,082,300
- Tax Year: 2025
- Total Rent: $10,000
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $12,241
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Four Points Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
