Active

134 Days on market

188 Washington St New Bedford — Photo 1 of 36

Recent Drop: $10,000

$449,999

$439,999

Investment Analysis — 188 Washington 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 2.77% cap rate and $12,169/yr in estimated NOI at the $439,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,255

Style

Single Family

Built

1904

The seller is willing to consider contributing toward the buyer’s closing costs with an acceptable offer. This move-in-ready 3-bed, 2-bath home features all major upgrades, owned solar panels, and extremely low utility costs. Pride of ownership shines throughout this beautifully maintained property. Recent improvements include new siding, Andersen windows, composite decking, vinyl fencing, a concrete driveway, new appliances, and a first-floor laundry. To further reduce utility bills, the seller has installed energy-efficient wall-mounted heating and cooling units throughout the home. The seller currently receives credits from the electric company, making this home as efficient as it is beautiful. Additional highlights include hardwood floors, a large kitchen, a finished basement with a walkout, and a gas-line-connected fire pit perfect for outdoor gatherings on the beautiful composite deck.

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: 628 sq ft (the lesser of 900 sq ft or half the 1,255 sq ft principal dwelling). Lot size: 2,148 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.