Fantastic Opportunity! This well-maintained 2-family home sits on a desirable corner lot and offers exceptional potential, including the possibility for a third unit upstairs (check local zoning). Featuring updated siding and a newer roof, this property combines curb appeal with peace of mind. Inside, you’ll find spacious rooms with great natural light, perfect for comfortable living or rental income. Conveniently located near shops, dining, and major highways, this is an ideal investment or owner-occupied home with income potential. Don’t miss this unique chance to maximize value in a prime location!
This home has been viewed 37 times
Last Checked: June 11th, 2025 at 4:29am (Source: MLS PIN #73377837)
Gross Income: $20,400
Gross Expenses: $4,716
Net Income Calc: $15,684
CAP Rate: 3.14%
Annual Expenses for 369-371 Mill St, New Bedford MA 02740
Total Gross Expenses (Calculated)$4,716/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,716
Annual Income & Unit Breakdown for 369-371 Mill St, New Bedford MA 02740
Total Gross Income (Calculated)$20,400
Unit 1
Rental Income$1,700
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(other (see Remarks))
Unit 2
Rental Income$0
LeaseN
Bedrooms5
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent IncludesUnit 1(other (see Remarks))
General Information for 369-371 Mill St, New Bedford MA 02740
Listing ID73377837
Property TypeMulti Family
Price$499,000 ($200.24/SqFt)
StyleMulti Family
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total2,492 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking0
Garage Parking
Year Built1915
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningMUB
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 369-371 Mill St, New Bedford MA 02740
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureMeasurements are approximate and need to be verifi
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$20,400
Total Net Income By Broker$20,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 369-371 Mill St, New Bedford MA 02740
Real Estate Taxes$4,716
Tax Year2025
Assessed Value$417,000
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$20,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$20,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)3.14%
Location Information for 369-371 Mill St, New Bedford MA 02740
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 369-371 Mill St, New Bedford MA 02740