Active

162 Days on market

179 Cottage St New Bedford — Photo 1 of 42

Recent Drop: $24,900

$449,900

$425,000

Investment Analysis — 179 Cottage St

New Bedford, MA 02740

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 3 vacant units, a 4-unit multi-family in 02740 carries an estimated $5,620/mo in gross rent — about a 10.29% cap rate and $43,711/yr in estimated NOI at the $425,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,830

Style

4 Family

Built

1859

CONTRACTORS AND INVESTORS TAKE NOTE! MOTIVATED SELLER! Step into history with the iconic James Taylor Home, circa 1859, located just steps from the heart of New Bedford’s famed Whaling Seaport. Surrounded by renowned restaurants, charming shops, and the newly operational commuter rail, this prime location offers both convenience and character. This historic gem presents endless possibilities. Restore it to its original grandeur or capitalize on a unique investment opportunity and expand your portfolio. A rare chance to own a piece of New Bedford history in an unbeatable location! The city currently has it identified as three units, two in the main house and a third in the detached building. The main home presents an opportunity to potentially expand the number of units in it with proper city approval. The main home is now completely empty and there is one remaining tenant in the back home who would like to stay if possible. Buyer should also perform their own due diligence.

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 MLS and other third-party data may be inaccurate or out of date.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.