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60 Mechanics Lane, New Bedford MA 02740

$675,000

Estimated $1,453/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $337,500

Total Rent: 28800/year

Estimated CAP Rate:

3 Bedrooms

Baths

1660

Total Parking: 0

1,525 (0.04)

Storybook circa-1851 two-family cottage with flexible single-family potential, set on a picturesque cobblestone lane that feels reminiscent of Nantucket or Newport in historic New Bedford. Located near the Whaling National Historical Park, downtown waterfront, restaurants, galleries, shops, museums, seasonal ferry service to Martha’s Vineyard/Nantucket, and commuter rail to Boston. First floor offers sun-filled living room, kitchen, updated bath, bedroom, and is vacant, creating potential for owner-occupant financing. Upper unit includes kitchen, living room, two bedrooms, full bath with skylight, plus heated third-level bonus space with sleeping areas. Upper unit rented at $2,400/month through mid-October, and both units have produced above-market furnished mid-term rents. Original plank floors and period woodwork add warmth, while paver patios with fire pit and string lighting create inviting outdoor living. Basement offers laundry, French drain, backyard access, and gym/flex space.

This home has been viewed 5 times

Last Checked: June 27th, 2026 at 4:29am (Source: MLS PIN #73499223)

Gross Income: $28,800

Gross Expenses: $4,300

Net Income Calc: $24,500

Water Views

Annual Expenses for 60 Mechanics Lane, New Bedford MA 02740

Total Gross Expenses (Calculated)$4,300/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4300

Annual Income & Unit Breakdown for 60 Mechanics Lane, New Bedford MA 02740

Total Gross Income (Calculated)$28,800

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 60 Mechanics Lane, New Bedford MA 02740

Listing ID73499223

Property TypeMulti Family

Price675000 ($406.63/SqFt)

StyleMulti Family

CityNew Bedford

CountyBristol

Neighborhood(s)

Approximate Living Area Total1660

Approximate Lot Size (Acres)0.04

Total Parking0

Garage Parking0

Year Built1851

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Area0

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRB

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 60 Mechanics Lane, New Bedford MA 02740

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Projector

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 60 Mechanics Lane, New Bedford MA 02740

Real Estate Taxes4300

Tax Year2025

Assessed Value$380,200

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 60 Mechanics Lane, New Bedford MA 02740

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 60 Mechanics Lane, New Bedford MA 02740

Agent

Name: Jeffrey Pierce

Office

Name: Lamacchia Realty, Inc.

Phone: 508-677-3629

Payment Calculator

, Interest

Property Taxes 358.33

Principal & Interest 4159.14

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lamacchia Realty, Inc.

Jeffrey Pierce

Agent Phone

Office Phone

(508) 677-3629

Text Agent Call Agent Call Office

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    [unparsed] => 60 Mechanics Lane, New Bedford MA 02740
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EXIT

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