Investment Analysis — 124 Clara St

New Bedford, MA 02744 — Clark's Point

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02744 carries an estimated $1,790/mo in gross rent — about a 3.46% cap rate and $12,127/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,528

Style

Single Family

Built

1923

Solid opportunity in New Bedford’s Clark’s Point neighborhood! This 3-bedroom, 1.5-bathroom single-family home offers strong potential for buyers or investors alike. All essential systems and mechanicals are fully operational, providing a functional baseline so you can live in the home comfortably while bringing your own renovation ideas to life over time. Exterior highlights include off-street parking, a detached garage, and a nice yard with mature grapevines and garden space. The location packs in outstanding coastal lifestyle amenities: you are just a short walk straight down the street to public ocean beaches, the scenic coastal walking trails at Fort Taber Park, Hazelwood Park, and the Cove Walk path along Clark's Cove. Popular local gathering spots like Cisco Brewers and the shops, dining, and events at Kilburn Mill are right in your neighborhood. Commuters will also appreciate being less than 3 miles from the new MBTA Commuter Rail station. A practical home offering space, functionality, and outstanding location value. Buyer and buyer’s agent to perform all due diligence.

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: 764 sq ft (the lesser of 900 sq ft or half the 1,528 sq ft principal dwelling). Lot size: 4,700 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.