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Pending

282 Palmer St, New Bedford MA 02740

$550,000

Estimated $1,280.90/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $275,000

Total Rent: 14400/year

Estimated CAP Rate: 1.77%

4 Bedrooms

2 Full Baths

2,848 SqFt

Total Parking: 2

4,121 SqFt

Fantastic opportunity to own a well-maintained 2-unit home in vibrant New Bedford, MA! Perfect for owner-occupants or investors, this property offers flexibility and income potential. The first unit features 2 bedrooms and 1 full bath, while the spacious second unit—currently vacant—boasts 4 generously sized bedrooms and 1 bath. Both units enjoy an abundance of natural light through large windows and beautiful hardwood flooring. The kitchen is outfitted with sleek stainless steel appliances, blending style and functionality. Enjoy outdoor living on the back deck or in the good-sized yard—ideal for relaxing or entertaining. Additional highlights include an unfinished basement offering storage or expansion potential, and two off-street parking spaces. Conveniently located near major highways, shopping, restaurants, and other local amenities. Don’t miss this excellent multi-family investment in a prime location!

This home has been viewed 48 times

Last Checked: June 13th, 2025 at 4:48am (Source: MLS PIN #73387155)

Gross Income: $14,400

Gross Expenses: $4,669

Net Income Calc: $9,731

CAP Rate: 1.77%

Annual Expenses for 282 Palmer St, New Bedford MA 02740

Total Gross Expenses (Calculated)$4,669/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,669

Annual Income & Unit Breakdown for 282 Palmer St, New Bedford MA 02740

Total Gross Income (Calculated)$14,400

Unit 1

Rental Income$1,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 282 Palmer St, New Bedford MA 02740

Listing ID73387155

Property TypeMulti Family

Price$550,000 ($193.12/SqFt)

StyleMulti Family

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total2,848 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking2

Garage Parking

Year Built1893

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 282 Palmer St, 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$0

Total Gross Income By Broker$14,400

Total Net Income By Broker$14,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 282 Palmer St, New Bedford MA 02740

Real Estate Taxes$4,669

Tax Year2025

Assessed Value$412,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$14,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$14,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.77%

Location Information for 282 Palmer St, New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 282 Palmer St, New Bedford MA 02740

Agent

Name: Kyle Seyboth

MLS ID: CT003694

Office ID: AN6126

National Association ID: 453501430

Address: 969 Waterman Avenue

City: East Providence

State: RI

Zip: 02914

Office

Name: Century 21 The Seyboth Team

MLS Office ID: AN6126

Phone: 508-726-3492

Payment Calculator

, Interest

Property Taxes 389.08

Principal & Interest 3388.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 The Seyboth Team

Kyle Seyboth

Agent Phone

Office Phone

(508) 726-3492

Text Agent Call Agent Call Office

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EXIT