Great opportunity to acquire a high cash-flowing Rooming House in a turnkey package. Centrally located in the heart of historic downtown New Bedford, Massachusetts. The property boasts an unbeatable location, positioned just steps away from an array of museums, shops, and restaurants. It is perfectly situated to capitalize on New Bedford's revitalization, offering easy access to the new commuter rail station (providing a direct link to Boston) and the city's ferry services. For investor peace of mind, professional management is already in place, ensuring a smooth, hands-off transition. Additionally, the property has been significantly updated with a recently installed new fire alarm and sprinkler system, bringing it up to modern safety standards. This 10 bedroom rooming house offers a compelling income stream. A profit and loss statement is available upon request for serious inquiries.
This home has been viewed 39 times
Last Checked: November 20th, 2025 at 7:09am (Source: MLS PIN #73455295)
Gross Income: $0
Gross Expenses: $4,890
Net Income Calc: $4,890
CAP Rate: -0.65%
Annual Expenses for 550 County St, New Bedford MA 02740
Total Gross Expenses (Calculated)$4,890/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$4,890
Annual Income & Unit Breakdown for 550 County St, New Bedford MA 02740
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms
Floor1
Levels in Unit1
HeatingNo
Rent Includes
General Information for 550 County St, New Bedford MA 02740
Listing ID73455295
Property TypeMulti Family
Price$750,000 ($209.5/SqFt)
Style5+ Family - Rooming House
CityNew Bedford
CountyBristol
MLS Area
Neighborhood(s)
Approximate Living Area Total3,580 SqFt
Approximate Lot Size (Acres)0.09 acres
Total Parking0
Garage Parking
Year Built1870
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningRB
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 550 County 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$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 550 County St, New Bedford MA 02740
Real Estate Taxes$4,890
Tax Year2025
Assessed Value$432,400
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.65%
Location Information for 550 County St, New Bedford MA 02740
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Golf, Park, Medical Facility, Public Transportation
Contact Information for 550 County St, New Bedford MA 02740