Investment Analysis — 1501 E Rodney French Blvd

New Bedford, MA 02744

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-bedroom in 02744 carries an estimated $1,490/mo in gross rent — about a 1.71% cap rate and $8,521/yr in estimated NOI at the $498,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

864

Style

Single Family

Built

1968

If you're on the hunt for a home with a view, look no further! This well kept 2 bedroom home situated directly across from Cisco brewery offers water views, modern amenities and very little maintenance. Whether enjoying the day from the front porch or relaxing on the back patio, this home is a sanctuary inside and out. Large windows with natural light showcase the stunning kitchen, open living room and more. Recent improvements include a new tankless water heater, newly installed central air and a partially finished basement. Nothing to do but move in and enjoy!

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: 432 sq ft (the lesser of 900 sq ft or half the 864 sq ft principal dwelling). Lot size: 10,616 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 MLS and other third-party data may be inaccurate or out of date.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.