Investment Analysis — 337 Union St

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 6-bedroom in 02740 carries an estimated $2,200/mo in gross rent — about a 2.53% cap rate and $14,069/yr in estimated NOI at the $555,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,587

Style

Single Family

Built

1880

Welcome to 337 Union Street, a spacious and versatile home in the heart of New Bedford offering over 3,700 sq ft of living space. This expansive property features 6 bedrooms, a bonus room ideal for a nursery, home office, or guest room, 2 full baths, and 2 half baths. The finished attic offers the potential to create an additional bedroom, making this a possible 7-bedroom home plus bonus space. A second-floor kitchen provides excellent flexibility for multigenerational living or extended family arrangements. The partially finished basement includes a half bath and additional usable space. Outside, enjoy a detached garage, paved driveway, and private yard. Conveniently located near downtown, the waterfront, shopping, dining, schools, and major routes. A rare opportunity for large families seeking space, flexibility, and endless possibilities.

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: 900 sq ft (the lesser of 900 sq ft or half the 3,587 sq ft principal dwelling). Lot size: 6,591 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.