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393 Pleasant St, New Bedford MA 02740

$724,995

Estimated $1,664/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $120,832.50

Total Rent: 42228/year

Estimated CAP Rate:

6 Bedrooms

Baths

2558

Total Parking: 0

2,191 (0.05)

Turnkey 6-Unit Multifamily with Strong Cash Flow & Clear Upside. 393 Pleasant Street presents a rare opportunity to acquire a well-maintained 6-unit multifamily in the heart of New Bedford’s growing rental market. The property consists of 5 1-bedroom / 1-bath units, and a studio, offering in-place cash flow with upside through lease-up and rent optimization. The building currently produces approximately $66,228 in annual gross rent due to one vacant unit, while market rents support approximately $99,600 annually, allowing investors to increase income through a rent-to-market strategy. Projected NOI based on market rents is $76,631, providing attractive yield and long-term appreciation. The property features a consistent unit mix, solid layout, and updated exterior elements, making it efficient to manage and scale. Ideal for investors seeking predictable cash flow with value-add potential. Please reach out to set up showings

This home has been viewed 42 times

Last Checked: February 19th, 2026 at 5:30am (Source: MLS PIN #73465645)

Gross Income: $42,228

Gross Expenses: $5,862

Net Income Calc: $36,366

Annual Expenses for 393 Pleasant St, New Bedford MA 02740

Total Gross Expenses (Calculated)$5,862/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5862

Annual Income & Unit Breakdown for 393 Pleasant St, New Bedford MA 02740

Total Gross Income (Calculated)$42,228

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 393 Pleasant St, New Bedford MA 02740

Listing ID73465645

Property TypeMulti Family

Price724995 ($283.42/SqFt)

Style5+ Family - 5+ Units Up/down

CityNew Bedford

CountyBristol

Neighborhood(s)

Approximate Living Area Total2558

Approximate Lot Size (Acres)0.05

Total Parking0

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningMUB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 393 Pleasant St, New Bedford MA 02740

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsNo

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 393 Pleasant St, New Bedford MA 02740

Real Estate Taxes5862

Tax Year2025

Assessed Value$518,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 393 Pleasant St, New Bedford MA 02740

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 393 Pleasant St, New Bedford MA 02740

Agent

Name: Candor Investment Group

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 488.5

Principal & Interest 4467.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Candor Investment Group

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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    [unparsed] => 393 Pleasant St, New Bedford MA 02740
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EXIT

39 More Photos

Withdrawn

393 Pleasant St, New Bedford MA 02740

$724,995

Annual Expenses for 393 Pleasant St, New Bedford MA 02740

Annual Income & Unit Breakdown for 393 Pleasant St, New Bedford MA 02740

General Information for 393 Pleasant St, New Bedford MA 02740

Disclosures for 393 Pleasant St, New Bedford MA 02740

Financial Information for 393 Pleasant St, New Bedford MA 02740

Location Information for 393 Pleasant St, New Bedford MA 02740

Contact Information for 393 Pleasant St, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

eXp Realty

Candor Investment Group