Active

71 Days on market

124 Mill St New Bedford — Photo 1 of 40

Recent Drop: $30,001

$430,000

$399,999

Investment Analysis — 124 Mill St

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 5-bedroom in 02740 carries an estimated $2,200/mo in gross rent — about a 4.33% cap rate and $17,316/yr in estimated NOI at the $399,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,900

Style

Single Family

Built

1910

Welcome to this beautifully renovated 5 bedroom, home that perfectly combines classic charm with today's modern updates. From the moment you arrive, you'll appreciate the outstanding curb appeal, highlighted by brand new vinyl siding, all new windows, a brand new roof, and updated plumbing and electrical service, providing years of low maintenance living and peace of mind. Step inside to discover a spacious, move in ready interior featuring beautiful hardwood floors, generous room sizes, and a versatile layout designed to accommodate today's lifestyle. Whether you need space for a growing family, a home office, or guest rooms, this home offers the flexibility you've been looking for. The updated kitchen features brand new appliances, while the included new washer and dryer add everyday convenience. The home's major mechanical systems have also been upgraded with a high efficiency Viessmann heating system, complemented by new plumbing and electrical service, ensuring exceptional comfort, efficiency, and reliability for years to come. Downstairs, the expansive basement provides an abundance of storage space with endless potential for a workshop, hobby area, home gym, or additional finished living space. Conveniently located near schools, parks, shopping, restaurants, public transportation, and major highways, this property offers the perfect combination of comfort, convenience, and value. If you've been searching for a spacious, fully updated home that's truly move in ready, this is one you won't want to miss!

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 1,900 sq ft principal dwelling). Lot size: 2,613 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.