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194-R Riverside Ave, New Bedford MA 02746

Active

194-R Riverside Ave, New Bedford MA 02746

$1,600,000

Estimated $4,042/month Calculator

Multi Family

Total Units: 25

Price Per Unit: $64,000

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

26910

Total Parking: 60

126,759 (2.91)

Presenting an exceptional opportunity to convert this industrial building into multi-family property located at 194-R Riverside Ave, New Bedford, MA. Constructed in 1925, this expansive residence offers a substantial 26,910 square feet of protentional living area, providing significant space for diverse residential configurations or strategic investment. Spanning two stories, the property is situated on a generous 126,759 square foot lot, offering considerable outdoor space and development opportunities. This distinguished property represents a compelling opportunity for discerning buyers seeking a significant multi-family asset in New Bedford. See attached due diligence progress. This property is located along the city's future Riverwalk Development initiative.

This home has been viewed 28 times

Last Checked: May 22nd, 2026 at 6:13am (Source: MLS PIN #73519513)

Gross Income: $0

Gross Expenses: $17,371

Net Income Calc: $17,371

Waterfront

Water Views

Annual Expenses for 194-R Riverside Ave, New Bedford MA 02746

Total Gross Expenses (Calculated)$17,371/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax17371

Annual Income & Unit Breakdown for 194-R Riverside Ave, New Bedford MA 02746

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 194-R Riverside Ave, New Bedford MA 02746

Listing ID73519513

Property TypeMulti Family / 5+ Family

Price1600000 ($59.46/SqFt)

Style5-9 Family

CityNew Bedford

CountyBristol

MLS AreaNorth

Neighborhood(s)

Approximate Living Area Total26910

Approximate Lot Size (Acres)2.91

Total Parking60

Garage Parking0

Year Built1925

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

Zoning(IB)

Water ViewsYes

Water Views FeaturesBay

Waterfront1

Waterfront FeaturesRiver

Terms

Disclosures for 194-R Riverside Ave, New Bedford MA 02746

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsBasement Fridge

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 194-R Riverside Ave, New Bedford MA 02746

Real Estate Taxes17371

Tax Year2026

Assessed Value$760,200

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 194-R Riverside Ave, New Bedford MA 02746

Neighborhood(s)

MLS AreaNorth

Area Amenities

Contact Information for 194-R Riverside Ave, New Bedford MA 02746

Agent

Name: Jason P. Lanagan

Office

Name: Lanagan & Co

Phone: 617-848-1240

Team Members

Payment Calculator

, Interest

Property Taxes 1447.58

Principal & Interest 9858.69

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lanagan & Co

Jason P. Lanagan

Agent Phone

Office Phone

(617) 848-1240

Text Agent Call Agent Call Office

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    [description] => Presenting an exceptional opportunity to convert this industrial building into multi-family property located at 194-R Riverside Ave, New Bedford, MA. Constructed in 1925, this expansive residence offers a substantial 26,910 square feet of protentional living area, providing significant space for diverse residential configurations or strategic investment. Spanning two stories, the property is situated on a generous 126,759 square foot lot, offering considerable outdoor space and development opportunities. This distinguished property represents a compelling opportunity for discerning buyers seeking a significant multi-family asset in New Bedford. See attached due diligence progress. This property is located along the city's future Riverwalk Development initiative.
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[travel_routes] => 
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    [unparsed] => 194-R Riverside Ave, New Bedford MA 02746
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EXIT

26 More Photos

Active

194-R Riverside Ave, New Bedford MA 02746

$1,600,000

Annual Expenses for 194-R Riverside Ave, New Bedford MA 02746

Annual Income & Unit Breakdown for 194-R Riverside Ave, New Bedford MA 02746

General Information for 194-R Riverside Ave, New Bedford MA 02746

Disclosures for 194-R Riverside Ave, New Bedford MA 02746

Financial Information for 194-R Riverside Ave, New Bedford MA 02746

Location Information for 194-R Riverside Ave, New Bedford MA 02746

Contact Information for 194-R Riverside Ave, New Bedford MA 02746

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Lanagan & Co

Jason P. Lanagan