Investment Analysis — 24 Fisherman Rd

Fairhaven, MA 02719

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-bedroom in 02719 carries an estimated $1,470/mo in gross rent — about a 1.58% cap rate and $9,467/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

880

Style

Single Family

Built

1964

Welcome to West Island, where coastal living meets one-of-a-kind charm! Set on a generous corner lot, this adorable two-bedroom log cabin-style home offers a rare opportunity to own a truly special island retreat. Warm and inviting, the home is filled with character and features a full basement—an uncommon and valuable bonus on West Island—along with the convenience of town water and town sewer. Just off the side entrance, an enclosed courtyard creates a private outdoor space perfect for relaxing, entertaining, or unwinding after a day by the water. The spacious lot offers exciting possibilities for a future addition, garage, or expanded outdoor living space, subject to town approvals. With the driveway and main entrance conveniently located on Ebony Street, this charming property combines character, potential, and the laid-back coastal lifestyle that makes West Island so special. Whether you're looking for a year-round home or your own island getaway, this one is cute as a button and ready to be enjoyed!

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: 440 sq ft (the lesser of 900 sq ft or half the 880 sq ft principal dwelling). Lot size: 5,998 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.