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Active

115 Mill St, New Bedford MA 02740

$675,000

Estimated $1,692/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $225,000

Total Rent: 69000/year

Estimated CAP Rate:

5 Bedrooms

Baths

3296

Total Parking: 3

4,700 (0.11)

Nestled in the heart of New Bedford, 115 Mill Street is a rare find—a Colonial home thoughtfully converted into a three-family property that blends timeless charm with modern convenience. Ideal for investors or multi-generational living, it offers space, style, and versatility. The first-floor unit spans 2,125 sq. ft., featuring two large bedrooms, a full bath, in-unit laundry connection, and a stunning living area brimming with original character. Upstairs, the second unit includes a bright kitchen, cozy living room, and a well-sized bedroom, while the third-floor attic apartment offers high ceilings, and a serene one-bedroom retreat. With three newer heating systems, separate utilities, an updated roof, vinyl windows, driveway parking for three, and a private backyard, this property is practical and low-maintenance. Plus, it’s short distance to the MBTA Commuter train station and Historic Downtown. This versatile, income-producing property is ready for its new owner.

This home has been viewed 10 times

Last Checked: June 2nd, 2026 at 9:38am (Source: MLS PIN #73516299)

Gross Income: $69,000

Gross Expenses: $13,480

Net Income Calc: $55,520

Water Views

Annual Expenses for 115 Mill St, New Bedford MA 02740

Total Gross Expenses (Calculated)$13,480/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7175

Annual Income & Unit Breakdown for 115 Mill St, New Bedford MA 02740

Total Gross Income (Calculated)$69,000

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 115 Mill St, New Bedford MA 02740

Listing ID73516299

Property TypeMulti Family / 3 Family

Price675000 ($204.79/SqFt)

Style3 Family

CityNew Bedford

CountyBristol

Neighborhood(s)

Approximate Living Area Total3296

Approximate Lot Size (Acres)0.11

Total Parking3

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 115 Mill St, New Bedford MA 02740

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsLighting In Loft Area

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 115 Mill St, New Bedford MA 02740

Real Estate Taxes7175

Tax Year2025

Assessed Value$634,400

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 115 Mill St, New Bedford MA 02740

Elementary SchoolCarney

Middle SchoolKeith

High SchoolGnbhs/Gnbvths

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 115 Mill St, New Bedford MA 02740

Agent

Name: The Mathew J. Arruda Group

Office

Name: Compass

Phone: 617-206-3333

Team Members

Payment Calculator

, Interest

Property Taxes 597.92

Principal & Interest 4159.14

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

The Mathew J. Arruda Group

Agent Phone

Office Phone

(617) 206-3333

Text Agent Call Agent Call Office

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EXIT

38 More Photos

Active

115 Mill St, New Bedford MA 02740

$675,000

Annual Expenses for 115 Mill St, New Bedford MA 02740

Annual Income & Unit Breakdown for 115 Mill St, New Bedford MA 02740

General Information for 115 Mill St, New Bedford MA 02740

Disclosures for 115 Mill St, New Bedford MA 02740

Financial Information for 115 Mill St, New Bedford MA 02740

Location Information for 115 Mill St, New Bedford MA 02740

Contact Information for 115 Mill St, New Bedford MA 02740

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Compass

The Mathew J. Arruda Group