Investment Analysis — 189 Park

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 3.19% cap rate and $12,077/yr in estimated NOI at the $379,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,121

Style

Single Family

Built

1881

Welcome home to this charming 3-bedroom, 1-bath home featuring a bright and inviting interior with recessed lighting throughout. The living and dining areas flow seamlessly into the kitchen, complete with granite countertops, a center island, stainless steel appliances, and plenty of cabinet space. Upstairs, you’ll find all three bedrooms with a comfortable and functional layout.The full basement provides laundry, plenty of additional storage space, and a hot water tank replaced in 2026.Outside, enjoy a spacious fenced-in backyard with a patio —perfect for entertaining, relaxing, or enjoying fall nights outdoors. Ample off-street parking adds even more convenience.Ideally located near shopping, restaurants, schools, parks, and major highways, this home offers a great combination of comfort, functionality, and convenience. Come see everything this home has to offer!

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: 561 sq ft (the lesser of 900 sq ft or half the 1,121 sq ft principal dwelling). Lot size: 7,850 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.