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6 Days on market

51 Balsam St Fairhaven — Photo 1 of 38

$924,900

Investment Analysis — 51 Balsam St

Fairhaven, MA 02719 — West Island

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 0.97% cap rate and $8,931/yr in estimated NOI at the $924,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

884

Style

Single Family

Built

1950

Discover West Island, a hidden treasure full of natural beauty yet close to all the region's attractions without the Cape traffic. This cozy cottage with water views, on one of the Island's larger properties with a half acre corner lot. This ranch has been purposely and tastefully renovated to maximize every inch of space with the added bonus of an oversized 2-car garage with plenty of storage, and a fabulous second floor "Great Room". Enjoy water views out the double sliders and balcony deck. For your summertime overflow company there is a back yard "Bunk house". The yard is nicely landscaped with stone and pavers and each side has scenic views to the water. The grassy side yard is a great place for fun and games. The convenient outdoor shower is nicely enclosed. Nothing to do but move in as it has all been done, inside and out, top to bottom. Recent updates include new windows, doors, siding, electrical, AC, lighting, The kitchen has new cabinets, quartz countertops, new appliances, including a washer/dryer. Bathroom is also completely updated. An Improvement spec sheet is attached as there are too many to list. In season, walk to the popular marina restaurant Off the Hook and West Island Creamery, while shopping, cultural, historical and entertainment offerings of Fairhaven and New Bedford are a short drive away.

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: 442 sq ft (the lesser of 900 sq ft or half the 884 sq ft principal dwelling). Lot size: 24,002 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.