539-541 North Front Street
$895,000
10
Beds
5
Baths
4,118
Sqft
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$895,000
10
Beds
5
Baths
4,118
Living Area
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Property Description
Fully gut-renovated multifamily opportunity in New Bedford renovated in 2022 offering strong income potential for both investors and owner-occupants alike. This oversized property features two spacious 4 bed/1 bath units on the 1st and 2nd floors, plus two 1 bed/1 bath units on the 3rd floor. Bonus finished 4th-floor living space with an additional bathroom offers flexibility for storage, office, or extended use. Property includes 5 off-street parking spaces, updated kitchens and baths, modern finishes, and strong rental upside with vacant units allowing immediate market rents. Ideal setup for FHA buyers looking to offset their mortgage with rental income or investors seeking a turn-key asset with future value-add potential. Preliminary concepts for a potential 8-unit conversion have already been explored. Conveniently located near highways, shopping, restaurants, and commuter access.
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Highlights
- Area: North
- Parking Spots: 5
- Property Type: 4 Family - 4 Units Up/Down
- Total Rooms: 17
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 2022
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Additional Details
- Basement: Full, Walk-Out Access, Interior Entry, Unfinished
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Measured
- Year Built Details: Renovated Since
- Zoning: Mub
- Construction: Frame
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Builder
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, Public School, T-Station
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $551,500
- Taxes: $6,237
- Tax Year: 2026
- Total Rent: $8,100
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