Active

48 Days on market

216 Cedar Street New Bedford — Photo 1 of 36

Recent Drop: $25,000

$450,000

$425,000

Investment Analysis — 216 Cedar Street

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 2.90% cap rate and $12,310/yr in estimated NOI at the $425,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,380

Style

Single Family

Built

1897

Welcome to 216 Cedar Street, where city living doesn't mean giving up space, parking, or a backyard to enjoy. This 3-bedroom, 2-bath home offers a surprisingly spacious and versatile layout designed for everyday living and gathering. Inside, you'll find comfortable living spaces with plenty of room for everyone, while the finished basement provides valuable additional space perfect for a family room, home office, playroom, gym, or whatever best fits your lifestyle. Outside is where this property really separates itself from the typical city home. Enjoy a fenced-in yard with room to relax, entertain, and make the most of warmer New England months, along with the convenience of off-street parking. No circling the block looking for a spot at the end of the day. With a roof under 10 years old and a combination of indoor space, outdoor living, and hard-to-find parking, 216 Cedar Street offers the flexibility and convenience today's buyers are looking for in New Bedford.

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: 690 sq ft (the lesser of 900 sq ft or half the 1,380 sq ft principal dwelling). Lot size: 3,167 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.