46 S 6th St
$847,900
6
Beds
7
Baths
5,914
Sqft
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$847,900
6
Beds
7
Baths
5,914
Living Area
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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.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1820
- Parking Spots: 4
- Property Type: 5-9 Family
- Total Rooms: 24
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Flooring: Wood
- Interior Features: Living Room, Kitchen
- Roof: Other
- Total Number of Units: 7
- Year Built Source: Public Records
- Basement: Unfinished
- Fireplaces: 4
- Foundation: Granite
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rc
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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
- Parking Features: Paved Drive
- 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: $806,500
- Rental Fee Includes: Unit 1(Heat, Water), Unit 2(Heat, Water), Unit 3(Heat, Water), Unit 4(Heat, Water)
- Taxes: $9,488
- Compensation Based On: Net Sale Price
- Tax Year: 2025
- Total Rent: $4,800
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Listing information provided courtesy of Four Points Real Estate, LLC.
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