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Pending

507 Elm St, New Bedford MA 02740

$420,000

Estimated $1,032/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $210,000

Total Rent: 0/year

Estimated CAP Rate:

5 Bedrooms

Baths

2012

Total Parking: 0

2,169 (0.05)

Discover a unique opportunity at 507 Elm St, New Bedford, MA, a multi-family property built in 1915 offering 2012 square feet of living space. This property has 3 good size bedrooms on the first floor and 2 large bedrooms on the second floor, which provides ample private accommodations on both apartments. Both apartments have big kitchens open to the dinning room and living room. Modern lay outs on both floors make this a great opportunity to own a house with modern set up and rent out for income. Plenty of off street parking as you are in a corner lot. Come and take a look at this great property.Home sale in contingent on seller finding suitable housing, a property has been identified.

This home has been viewed 6 times

Last Checked: October 14th, 2026 at 8:38am (Source: MLS PIN #73582248)

Gross Income: $0

Gross Expenses: $4,215

Net Income Calc: $4,215

Water Views

Annual Expenses for 507 Elm St, New Bedford MA 02740

Total Gross Expenses (Calculated)$4,215/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4215

Annual Income & Unit Breakdown for 507 Elm St, New Bedford MA 02740

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 507 Elm St, New Bedford MA 02740

Listing ID73582248

Property TypeMulti Family

Price420000 ($208.75/SqFt)

StyleMulti Family

CityNew Bedford

CountyBristol

Neighborhood(s)

Approximate Living Area Total2012

Approximate Lot Size (Acres)0.05

Total Parking0

Garage Parking0

Year Built1915

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRB

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 507 Elm St, New Bedford MA 02740

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Tv's-Brackets To Remain

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 507 Elm St, New Bedford MA 02740

Real Estate Taxes4215

Tax Year2025

Assessed Value$372,700

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 507 Elm St, New Bedford MA 02740

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 507 Elm St, New Bedford MA 02740

Agent

Name: Patricia Correia

Office

Name: Seaport Realty

Phone: 508-742-6387

Payment Calculator

, Interest

Property Taxes 351.25

Principal & Interest 2587.91

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Seaport Realty

Patricia Correia

Agent Phone

Office Phone

(508) 742-6387

Text Agent Call Agent Call Office

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EXIT

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