Investment Analysis — 106 Richmond St

New Bedford, MA 02740

Based on rent reported on the MLS listing, a 4-unit multi-family in 02740 carries $6,650/mo in gross rent — about a 6.42% cap rate and $54,504/yr in estimated NOI at the $849,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,390

Style

3 Family - 3 Units Up/Down

Built

1913

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!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.