Investment Analysis — 194 Coffin Ave

New Bedford, MA 02746

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 4-bedroom in 02746 carries an estimated $2,230/mo in gross rent — about a 4.45% cap rate and $16,894/yr in estimated NOI at the $379,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,131

Style

Single Family

Built

1892

Full of charm and opportunity, this spacious late-1900s home is ready for its next chapter. Originally built as a two-family and thoughtfully converted to a single-family residence, it offers a flexible layout with endless possibilities. Featuring two kitchens, a large living room, formal dining room, and two full bathrooms, there’s plenty of space to create the home that fits your lifestyle. The property also offers potential for an ADU (buyer to verify all uses and approvals with the city). Outside, enjoy a generous yard, detached garage, and off-street parking. Conveniently located in the desirable North End, you’ll be just minutes from shopping, restaurants, schools, parks, and major highways. A wonderful opportunity to build equity while adding your own personal style and updates.

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: 566 sq ft (the lesser of 900 sq ft or half the 1,131 sq ft principal dwelling). Lot size: 6,586 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 MLS and other third-party data may be inaccurate or out of date.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.