Active Under Contract

7 Days on market

140-142 Query St New Bedford — Photo 1 of 39

$1,200,000

Investment Analysis — 140-142 Query St

New Bedford, MA 02745

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for the units it does not cover, a 6-unit multi-family in 02745 carries an estimated $7,480/mo in gross rent — about a 4.93% cap rate and $59,220/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

6,414

Style

5-9 Family

Built

1924

A rare investment opportunity! Discover 140-142 Query St in New Bedford, MA, an exceptional 6-family property offering an expansive 6414 sq ft of living space w/ 12 bedrooms & 6 bathrooms. This building is in pristine condition; in fact, contractors who have worked on the property describe it as "Mint," "A Cadillac," & the "Nicest Multifamily they have ever seen." The mechanicals are significantly upgraded: 4 units feature gas hot water baseboard heat, while the two 3rd-floor units are equipped w/ forced hot air. The exterior has been meticulously maintained, featuring a roof replacement in Dec 2013, plus low-maintenance vinyl siding & new gutters installed in 2022.This property is a true standout for investors. It boasts a massive 54-panel solar system producing over 18,000 kWh annually, offering incredible energy efficiency. Outside, you'll find a patio out back, a storage shed for extra space, & a 2-car garage that is split & separately rented for additional income. Location is a major plus: situated just minutes from the highway & only a 2-minute ride to the new Church St Commuter Rail station, making it highly attractive for commuters. Don't miss your chance to add this premier, turn-key asset to your portfolio!

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.

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