Investment Analysis — 1116 Beverly Street

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 2.56% cap rate and $12,149/yr in estimated NOI at the $474,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,192

Style

Single Family

Built

1966

NB Far North in a Desirable location with easy highway access.This beautifully updated 3 bedroom Raised Ranch featuring a remodeled kitchen with granite counters and Stainless steel appliances, also a spacious remodeled bath with new tub and tiled surround. The Living room, and Dining room has gleaming floors leading to a nice composite deck, overlooking a very generous , fully fenced in back yard with a large storage shed, is definetly a plus to have.The home is in move in condition with a newer roof, new front steps, partially finished basement providing additional living space, A 1 car garage and plenty of parking. Come and visit.

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: 596 sq ft (the lesser of 900 sq ft or half the 1,192 sq ft principal dwelling). Lot size: 9,500 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 MLS and other third-party data may be inaccurate or out of date.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.