Investment Analysis — 114 Rockway St

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-bedroom in 02740 carries an estimated $1,470/mo in gross rent — about a 2.12% cap rate and $8,467/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,064

Style

Single Family

Built

1961

Welcome home to this charming 2-bedroom ranch offering easy one-level living in a peaceful neighborhood setting. Inside, you’ll find a comfortable floor plan with a bright kitchen, two well-sized bedrooms, and a full bath. The full basement provides plenty of storage and offers great potential for additional finished living space in the future. Outside, enjoy a fully fenced backyard with a patio—perfect for entertaining, pets, gardening, or simply relaxing outdoors. Conveniently located with easy access to major highways, shopping, dining, and everyday amenities. A wonderful opportunity for first-time buyers, down sizers, or anyone looking for a manageable home with room to make it their own!

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: 532 sq ft (the lesser of 900 sq ft or half the 1,064 sq ft principal dwelling). Lot size: 8,102 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 MLS and other third-party data may be inaccurate or out of date.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.