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396 Middle Street, New Bedford MA 02740

$1,350,000

Estimated $2,630.69/month Calculator

Multi Family

Total Units: 18

Price Per Unit: $75,000

Total Rent: 36000/year

Estimated CAP Rate: -0.35%

18 Bedrooms

4 Full Baths

6,522 SqFt

Total Parking: 0

7,845 SqFt

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-family investment property located at 396 Middle Street in New Bedford, Massachusetts (the “Property”). The three-story lodging house contains eighteen (18) single room occupancy units with 4,742 square feet of living area in 8,119 square feet of gross area, on a 0.18-acre corner parcel. The well-maintained lodging house has four communal bathrooms, one large communal kitchen, and a well-appointed living room/common area that the residents share. The Property also featuresa large fenced in yard with ample green space with a barbeque and picnic area.

This home has been viewed 94 times

Last Checked: January 29th, 2025 at 5:19am (Source: MLS PIN #73329133)

Gross Income: $36,000

Gross Expenses: $40,730

Net Income Calc: $4,730

CAP Rate: -0.35%

Annual Expenses for 396 Middle Street, New Bedford MA 02740

Total Gross Expenses (Calculated)$40,730/year

APOD AvailableYes

Heating

Electricity$3,000

Water$2,500

Gas$2,500

Insurance$3,200

Sewer$2,500

Trash Removal

Repair & Maintenance$9,000

Management$7,830

Miscellaneous$4,500

Real Estate Tax$5,300

Annual Income & Unit Breakdown for 396 Middle Street, New Bedford MA 02740

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$750

LeaseY

Bedrooms1

Bathrooms

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$750

LeaseY

Bedrooms1

Bathrooms

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$750

LeaseY

Bedrooms1

Bathrooms

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$750

LeaseY

Bedrooms1

Bathrooms

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 396 Middle Street, New Bedford MA 02740

Listing ID73329133

Property TypeMulti Family

Price$1,350,000 ($206.99/SqFt)

Style5+ Family - Rooming House

CityNew Bedford

CountyBristol

MLS AreaNorth

Neighborhood(s)

Approximate Living Area Total6,522 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking0

Garage Parking

Year Built1903

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 396 Middle Street, New Bedford MA 02740

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$41,930

Total Gross Income By Broker$145,638

Total Net Income By Broker$103,708

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 396 Middle Street, New Bedford MA 02740

Real Estate Taxes$5,300

Tax Year2024

Assessed Value$518,700

Financial Data Source

Total Gross Expenses By Broker$41,930

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$145,638

BostonRealEstate.com Gross Income

Total Net Income By Broker$103,708

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.35%

Location Information for 396 Middle Street, New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaNorth

Area Amenities

Contact Information for 396 Middle Street, New Bedford MA 02740

Agent

Name: Spencer Smith

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 441.67

Principal & Interest 8318.27

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Spencer Smith

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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[phone] => 617-688-9909
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EXIT

Withdrawn

396 Middle Street, New Bedford MA 02740

$1,350,000

Annual Expenses for 396 Middle Street, New Bedford MA 02740

Annual Income & Unit Breakdown for 396 Middle Street, New Bedford MA 02740

General Information for 396 Middle Street, New Bedford MA 02740

Disclosures for 396 Middle Street, New Bedford MA 02740

Financial Information for 396 Middle Street, New Bedford MA 02740

Location Information for 396 Middle Street, New Bedford MA 02740

Contact Information for 396 Middle Street, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Spencer Smith