Investment Analysis — 11 Irene St

New Bedford, MA 02745

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02745 carries an estimated $1,790/mo in gross rent — about a 2.60% cap rate and $12,329/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

950

Style

Single Family

Built

1977

Come home to easy one-level living in this welcoming three-bedroom, one-bath home in New Bedford’s Far North End. At the heart of the home, the beautifully updated kitchen features granite countertops, an induction stove, and a baker’s oven. Newer flooring flows through the main living areas, while the partially finished lower level offers room to spread out and make the space your own. Imagine slow mornings in a rocking chair on the front porch and relaxing evenings on the back deck, which stretches the length of the house and overlooks the peaceful backyard. With updated systems and convenient access to Route 140, this home offers comfort inside and out.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 475 sq ft (the lesser of 900 sq ft or half the 950 sq ft principal dwelling). Lot size: 5,894 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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 MLS and other third-party data may be inaccurate or out of date.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.