Investment Analysis — 12 Parker Street

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02740 carries an estimated $1,760/mo in gross rent — about a 1.87% cap rate and $11,245/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,390

Style

Single Family

Built

1915

This classic Colonial offers three bedrooms and 2.5 baths across 2,390 square feet, plus a finished basement and finished attic that add valuable bonus space for a family room, home office, gym or guest room. Set on an oversized 0.21-acre corner lot with a two-car detached garage, it delivers the yard, parking and storage that are hard to find this close to downtown New Bedford. Generous room sizes and a traditional layout make everyday living easy, while quick access to Route 18, I-195 and the South Coast Rail line makes commuting simple. Space, land and a garage in one package don't come up often here.

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: 900 sq ft (the lesser of 900 sq ft or half the 2,390 sq ft principal dwelling). Lot size: 8,960 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 MLS and other third-party data may be inaccurate or out of date.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.