Investment Analysis — 148 Cedar St

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 3.15% cap rate and $13,214/yr in estimated NOI at the $419,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

832

Style

Single Family

Built

1879

Move-in Ready! Just unpack and enjoy! Welcome to 148 Cedar Street, a beautifully remodeled New Bedford home where classic character meets a fresh, modern interior. This 3-bedroom home has been thoughtfully transformed from top to bottom, offering the clean, updated look today's buyers are searching for. Step inside to a bright, inviting interior with fresh finishes. The beautifully updated kitchen takes center stage, complemented by refreshed living spaces that feel crisp, modern and ready to enjoy. Upstairs, 3 bedrooms provide flexibility for sleeping space, a home office or guests. The home's updates continue throughout, creating a truly move-in-ready opportunity where the next owner can spend their weekends enjoying their new home instead of working on it. Whether you're purchasing your first home, downsizing or simply looking for a property where the work has already been done, 148 Cedar Street deserves a closer look. Schedule your showing and come see the transformation for yourself!

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: 416 sq ft (the lesser of 900 sq ft or half the 832 sq ft principal dwelling). Lot size: 1,616 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.