Overview Property Details Payment Calculator Walkability

Active

224-232 Caroline, New Bedford MA 02740

$700,000

Estimated $1,784.05/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $116,666.67

Total Rent: 51600/year

Estimated CAP Rate: 6.16%

8 Bedrooms

6 Full Baths

5,638 SqFt

Total Parking: 4

6,534 SqFt

Motivated Seller!! Don’t miss this rare opportunity to own a high-performing 6-family property, consisting of a 4-family and 2-family on the same lot located in a quiet residential neighborhood on the West End of New Bedford. This well-maintained investment features a total ...

This home has been viewed 32 times

Last Checked: July 1st, 2025 at 5:53am (Source: MLS PIN #73383213)

Gross Income: $51,600

Gross Expenses: $8,448

Net Income Calc: $43,152

CAP Rate: 6.16%

Annual Expenses for 224-232 Caroline, New Bedford MA 02740

Total Gross Expenses (Calculated)$8,448/year

APOD AvailableYes

Heating

Electricity$480

Water$180

Gas$180

Insurance

Sewer$180

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,788

Annual Income & Unit Breakdown for 224-232 Caroline, New Bedford MA 02740

Total Gross Income (Calculated)$51,600

Unit 1

Rental Income$1,200

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$1,100

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$1,000

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 224-232 Caroline, New Bedford MA 02740

Listing ID73383213

Property TypeMulti Family / 5+ Family

Price$700,000 ($124.16/SqFt)

Style5-9 Family

CityNew Bedford

CountyBristol

MLS AreaWest

Neighborhood(s)

Approximate Living Area Total5,638 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking4

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter,Block,Slab

Accessible Features

Outdoor Space

ZoningMUB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 224-232 Caroline, New Bedford MA 02740

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$480

Total Gross Income By Broker$66,000

Total Net Income By Broker$65,340

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 224-232 Caroline, New Bedford MA 02740

Real Estate Taxes$7,788

Tax Year2025

Assessed Value$688,600

Financial Data SourceEstimated

Total Gross Expenses By Broker$480

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$66,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$65,340

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.16%

Location Information for 224-232 Caroline, New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaWest

Area AmenitiesPublic School, Shopping, Public Transportation, T-station

Contact Information for 224-232 Caroline, New Bedford MA 02740

Agent

Name: Roosevelt Shider

MLS ID: CN255155

Office ID: AN5351

Address: 35 East Knowlton Street

City: Riverside

State: RI

Zip: 02915

Office

Name: Here Realty LLC

MLS Office ID: AN5351

Phone: 401-862-1251

Team Members

Payment Calculator

$4,962.18 per month

30 Years Fixed, 6.75% Interest

Property Taxes $649.00

Principal & Interest $4,313.18

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Here Realty LLC

Roosevelt Shider

Agent Phone

Office Phone

(401) 862-1251

Text Agent Call Agent Call Office

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EXIT

Active

224-232 Caroline, New Bedford MA 02740

$700,000

Annual Expenses for 224-232 Caroline, New Bedford MA 02740

Annual Income & Unit Breakdown for 224-232 Caroline, New Bedford MA 02740

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Financial Information for 224-232 Caroline, New Bedford MA 02740

Location Information for 224-232 Caroline, New Bedford MA 02740

Contact Information for 224-232 Caroline, New Bedford MA 02740

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Exclusive Listing Agent

Here Realty LLC

Roosevelt Shider