Investment Analysis — 507 Elm St

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-unit multi-family in 02740 carries an estimated $3,230/mo in gross rent — about a 6.01% cap rate and $25,243/yr in estimated NOI at the $420,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,012

Style

Multi Family

Built

1915

Discover a unique opportunity at 507 Elm St, New Bedford, MA, a multi-family property built in 1915 offering 2012 square feet of living space. This property has 3 good size bedrooms on the first floor and 2 large bedrooms on the second floor, which provides ample private accommodations on both apartments. Both apartments have big kitchens open to the dinning room and living room. Modern lay outs on both floors make this a great opportunity to own a house with modern set up and rent out for income. Plenty of off street parking as you are in a corner lot. Come and take a look at this great property.Home sale in contingent on seller finding suitable housing, a property has been identified.

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 MLS and other third-party data may be inaccurate or out of date.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.