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Active

106 Richmond St, New Bedford MA 02740

$849,000

Estimated $1,889/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $212,250

Total Rent: 79800/year

Estimated CAP Rate:

11 Bedrooms

Baths

3390

Total Parking: 4

2,601 (0.06)

Welcome to 106 Richmond St, New Bedford — a spacious multi-family property offering strong income potential in one of the South Coast’s active investment markets. This 3-family property features an additional finished bonus unit in the basement, recently completed with new finishes throughout. Units 1, 2, and 3 each offer generous 3-bedroom layouts, while the finished basement bonus unit features 2 bedrooms, providing added versatility and space. All units are currently occupied and are well maintained, making this an attractive opportunity for an investor looking to add a high-producing property to their portfolio. Situated on a corner lot with the added convenience of a driveway for off-street parking, this property checks several key boxes for multi-family ownership. Spacious units, strong occupancy, additional finished space, and a desirable New Bedford location combine to create a compelling investment opportunity. Bring your portfolio to the next level with 106 Richmond St!

This home has been viewed 30 times

Last Checked: October 2nd, 2026 at 6:08am (Source: MLS PIN #73583082)

Gross Income: $79,800

Gross Expenses: $6,144

Net Income Calc: $73,656

Annual Expenses for 106 Richmond St, New Bedford MA 02740

Total Gross Expenses (Calculated)$6,144/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6144

Annual Income & Unit Breakdown for 106 Richmond St, New Bedford MA 02740

Total Gross Income (Calculated)$79,800

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor0

Levels in Unit1

Rent Includes

General Information for 106 Richmond St, New Bedford MA 02740

Listing ID73583082

Property TypeMulti Family / 3 Family

Price849000 ($250.44/SqFt)

Style3 Family - 3 Units Up/down

CityNew Bedford

CountyBristol

Neighborhood(s)

Approximate Living Area Total3390

Approximate Lot Size (Acres)0.06

Total Parking4

Garage Parking0

Year Built1913

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 106 Richmond St, New Bedford MA 02740

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

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 106 Richmond St, New Bedford MA 02740

Real Estate Taxes6144

Tax Year2025

Assessed Value$543,200

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 106 Richmond St, New Bedford MA 02740

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 106 Richmond St, New Bedford MA 02740

Agent

Name: Kade Phillips

Office

Name: RE/MAX Legacy

Phone: 508-946-1661

Payment Calculator

, Interest

Property Taxes 512

Principal & Interest 5231.27

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Legacy

Kade Phillips

Agent Phone

Office Phone

(508) 946-1661

Text Agent Call Agent Call Office

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EXIT

31 More Photos

Active

106 Richmond St, New Bedford MA 02740

$849,000

Annual Expenses for 106 Richmond St, New Bedford MA 02740

Annual Income & Unit Breakdown for 106 Richmond St, New Bedford MA 02740

General Information for 106 Richmond St, New Bedford MA 02740

Disclosures for 106 Richmond St, New Bedford MA 02740

Financial Information for 106 Richmond St, New Bedford MA 02740

Location Information for 106 Richmond St, New Bedford MA 02740

Contact Information for 106 Richmond St, New Bedford MA 02740

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Legacy

Kade Phillips