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385 Cottage St., New Bedford MA 02740

$499,999

Estimated $1,204.62/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $249,999.50

Total Rent: 12000/year

Estimated CAP Rate: 1.45%

4 Bedrooms

2 Full Baths

1,930 SqFt

Total Parking: 2

3,223 SqFt

Introducing 385 Cottage Street – a well-maintained two-family home in the heart of New Bedford. This property features hardwood flooring throughout, updated electrical, fresh interior paint, and low-maintenance vinyl siding. The first-floor unit offers 2 bedrooms and 1 full bath, while the second-floor unit includes 2 bedroom and 1 full bath – making it ideal for owner-occupants or investors alike. Full attic available for potential cottage set up as well! Enjoy the convenience of off-street parking and a fully fenced-in yard perfect for outdoor activities or pets. Whether you’re looking to live in one unit and rent the other, or add a solid property to your investment portfolio, 385 Cottage St is a must see!

This home has been viewed 21 times

Last Checked: July 5th, 2025 at 5:43am (Source: MLS PIN #73398540)

Gross Income: $12,000

Gross Expenses: $4,726

Net Income Calc: $7,274

CAP Rate: 1.45%

Annual Expenses for 385 Cottage St., New Bedford MA 02740

Total Gross Expenses (Calculated)$4,726/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,726.45

Annual Income & Unit Breakdown for 385 Cottage St., New Bedford MA 02740

Total Gross Income (Calculated)$12,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 385 Cottage St., New Bedford MA 02740

Listing ID73398540

Property TypeMulti Family / 2 Family

Price$499,999 ($259.07/SqFt)

Style2 Family - 2 Units Up/down

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total1,930 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking2

Garage Parking

Year Built1879

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

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 385 Cottage 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$12,000

Total Net Income By Broker$12,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 385 Cottage St., New Bedford MA 02740

Real Estate Taxes$4,726.45

Tax Year2025

Assessed Value$417,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$12,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$12,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.45%

Location Information for 385 Cottage St., New Bedford MA 02740

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station

Contact Information for 385 Cottage St., New Bedford MA 02740

Agent

Name: Kam Goldstone

MLS ID: CN219088

Office ID: AN4523

National Association ID: 451502990

Address: 7 Fox Run Ter

City: North Dartmouth

State: MA

Zip: 02747

Office

Name: RE/MAX Vantage

MLS Office ID: AN4523

Phone: 508-999-4424

Payment Calculator

, Interest

Property Taxes 393.87

Principal & Interest 3080.83

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Vantage

Kam Goldstone

Agent Phone

Office Phone

(508) 999-4424

Text Agent Call Agent Call Office

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                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73398540&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-07-05 05:43:31
                    [modified] => 2025-07-05 05:43:31
                )

[21] => Array
                (
                    [id] => 123678429
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73398540&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-07-05 05:43:31
                    [modified] => 2025-07-05 05:43:31
                )

)

)

EXIT