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56 Nye St, New Bedford MA 02746

$800,000

Estimated $1,823.37/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $133,333.33

Total Rent: 46200/year

Estimated CAP Rate: 4.99%

10 Bedrooms

6 Full Baths

4,266 SqFt

Total Parking: 2

4,543 SqFt

An ideal addition to any investor’s portfolio, this well-maintained six-family property offers both stability and potential. Each unit is outfitted with efficient gas baseboard heating and thoughtfully maintained interiors that reflect pride of ownership. The exterior features a paved driveway with off-street parking for four vehicles—an added convenience in a high-demand rental area. With a separate house meter for common areas and strong rental potential, this multifamily asset blends functionality with opportunity. Whether you're expanding your holdings or securing your first multifamily investment, this property is a smart move in today’s market.

This home has been viewed 16 times

Last Checked: July 8th, 2025 at 5:33am (Source: MLS PIN #73399521)

Gross Income: $46,200

Gross Expenses: $6,314

Net Income Calc: $39,886

CAP Rate: 4.99%

Annual Expenses for 56 Nye St, New Bedford MA 02746

Total Gross Expenses (Calculated)$6,314/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,314

Annual Income & Unit Breakdown for 56 Nye St, New Bedford MA 02746

Total Gross Income (Calculated)$46,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,150

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,400

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,300

Lease

Bedrooms2

Bathrooms1 Full

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 56 Nye St, New Bedford MA 02746

Listing ID73399521

Property TypeMulti Family / 5+ Family

Price$800,000 ($187.53/SqFt)

Style5-9 Family

CityNew Bedford

CountyBristol

MLS Area

Neighborhood(s)

Approximate Living Area Total4,266 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking2

Garage Parking

Year Built1890

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

ZoningMUB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 56 Nye St, New Bedford MA 02746

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$60,000

Total Net Income By Broker$60,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 56 Nye St, New Bedford MA 02746

Real Estate Taxes$6,314

Tax Year2025

Assessed Value$558,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.99%

Location Information for 56 Nye St, New Bedford MA 02746

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 56 Nye St, New Bedford MA 02746

Agent

Name: Team ROSO

MLS ID: TM333617

Office ID: AN3217

Office

Name: RE/MAX Vantage

MLS Office ID: AN3217

Phone: 774-992-0297

Team Members

Name: David Morro

MLS ID: CN228237

Office ID: AN3217

National Association ID: 451503318

Phone: 774-992-4312

City: New Bedford

State: MA

Payment Calculator

, Interest

Property Taxes 526.17

Principal & Interest 4929.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Vantage

Team ROSO

Agent Phone

Office Phone

(774) 992-0297

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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EXIT

Active

56 Nye St, New Bedford MA 02746

$800,000

Annual Expenses for 56 Nye St, New Bedford MA 02746

Annual Income & Unit Breakdown for 56 Nye St, New Bedford MA 02746

General Information for 56 Nye St, New Bedford MA 02746

Disclosures for 56 Nye St, New Bedford MA 02746

Financial Information for 56 Nye St, New Bedford MA 02746

Location Information for 56 Nye St, New Bedford MA 02746

Contact Information for 56 Nye St, New Bedford MA 02746

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

RE/MAX Vantage

Team ROSO