Investor Opportunity! This prime income-generating property features a 24-room updated rooming house with six shared kitchens and bathrooms. Additionally, the property includes three commercial storefronts, with a property management company and convenience store on-site. A full basement offers a maintenance area, while on-site amenities include parking, greenspace, and dry container storage. A 40-foot scissor lift adds to the property’s versatility. An additional parcel in the rear provides the potential for expanded parking. Recent upgrades include a new sprinkler system and full fire code compliance as of January 2024, as well as new water service installed the same year. The entire building is equipped with landlord-controlled thermostats, ensuring efficiency and ease of management. Located near Clasky Park and the T-station access bridge. On-site Property Management Company. The seller is willing to hold a 10% note, making this an exceptional investment!
This home has been viewed 78 times
Last Checked: July 18th, 2025 at 4:31am (Source: MLS PIN #73346307)
Gross Income: $0
Gross Expenses: $9,329
Net Income Calc: $9,329
CAP Rate: -0.61%
Annual Expenses for 639-647 County St, New Bedford MA 02740
Total Gross Expenses (Calculated)$9,329/year
APOD Available
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,329
Annual Income & Unit Breakdown for 639-647 County St, New Bedford MA 02740
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 639-647 County St, New Bedford MA 02740
Listing ID73346307
Property TypeMulti Family / 5+ Family
Price$1,530,000
StyleResidential
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total11,242 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking3
Garage Parking
Year Built1896
Year Built Source
Year Renovated
Year Built Details
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation Description
Accessible Features
Outdoor Space
ZoningRB
Zoning DetailsOther (See Remarks)
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 639-647 County St, New Bedford MA 02740
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$60,317
Total Gross Income By Broker$242,088
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 639-647 County St, New Bedford MA 02740
Real Estate Taxes$9,329
Tax Year2025
Assessed Value
Financial Data Source
Total Gross Expenses By Broker$60,317
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$242,088
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.61%
Location Information for 639-647 County St, New Bedford MA 02740
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 639-647 County St, New Bedford MA 02740