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371 Reed St, New Bedford MA 02740

$639,999

Estimated $1,507/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $213,333

Total Rent: 0/year

Estimated CAP Rate:

7 Bedrooms

Baths

2988

Total Parking: 7 (1 Garage)

4,744 (0.11)

OFFER DEADLINE MONDAY 1/19 BY 2PM! Welcome to this exceptional 3-family property located in the heart of New Bedford! Featuring 3 inviting units with a total of 8 potential bedrooms, this residence is perfect for savvy investors or owner-occupants seeking a comfortable home. Each unit includes spacious eat-in kitchens, ideal for meals & gatherings. The property boasts numerous upgrades, including modern siding, replacement windows, & energy-efficient mini-split systems for year-round comfort. Enjoy the convenience of being near Buttonwood Park, downtown NB, & the train station, with easy access to local amenities & public transportation! Having been cherished by the same family for over 20 years, this property reflects strong community ties & care. The large garage can be converted back to a 3/4 stall garage, providing ample space for vehicles or hobbies within a fenced yard. With tremendous potential for investment or personal living, this property is a must-see!

This home has been viewed 46 times

Last Checked: February 11th, 2026 at 5:29am (Source: MLS PIN #73468155)

Gross Income: $0

Gross Expenses: $5,634

Net Income Calc: $5,634

Annual Expenses for 371 Reed St, New Bedford MA 02740

Total Gross Expenses (Calculated)$5,634/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5634

Annual Income & Unit Breakdown for 371 Reed St, New Bedford MA 02740

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 371 Reed St, New Bedford MA 02740

Listing ID73468155

Property TypeMulti Family / 3 Family

Price639999 ($214.19/SqFt)

Style3 Family

CityNew Bedford

CountyBristol

Neighborhood(s)

Approximate Living Area Total2988

Approximate Lot Size (Acres)0.11

Total Parking7 (1 Garage)

Garage Parking1

Year Built1907

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 371 Reed St, New Bedford MA 02740

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher & Dryer

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 371 Reed St, New Bedford MA 02740

Real Estate Taxes5634

Tax Year2025

Assessed Value$498,100

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 371 Reed St, New Bedford MA 02740

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 371 Reed St, New Bedford MA 02740

Agent

Name: Mirelia Furtado

Office

Name: RE/MAX Vantage

Phone: 774-992-0297

Payment Calculator

, Interest

Property Taxes 469.5

Principal & Interest 3943.47

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Vantage

Mirelia Furtado

Agent Phone

Office Phone

(774) 992-0297

Text Agent Call Agent Call Office

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    [unparsed] => 371 Reed St, New Bedford MA 02740
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EXIT

39 More Photos

Withdrawn

371 Reed St, New Bedford MA 02740

$639,999

Annual Expenses for 371 Reed St, New Bedford MA 02740

Annual Income & Unit Breakdown for 371 Reed St, New Bedford MA 02740

General Information for 371 Reed St, New Bedford MA 02740

Disclosures for 371 Reed St, New Bedford MA 02740

Financial Information for 371 Reed St, New Bedford MA 02740

Location Information for 371 Reed St, New Bedford MA 02740

Contact Information for 371 Reed St, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Vantage

Mirelia Furtado