Investment Analysis — 51 Central Avenue

New Bedford, MA 02745

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 5-bedroom in 02745 carries an estimated $2,230/mo in gross rent — about a 4.49% cap rate and $15,896/yr in estimated NOI at the $354,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,430

Style

Single Family

Built

1916

Excellent location near Brooklawn Park in a quiet side street in close proximity to most conveniences and public transportation. Just a few blocks to Lincoln School or Ashley School. This home is home is very good condition in and out, the first floor has a spacious updated eat in kitchen with ceramic tile floors and birch cabinets, a nice bathroom, dining room and double parlors and 2 comfortable bedrooms. Sunporch with oversized windows, a nice bonus. Fenced in backyard and garden area and place to BBQ with family and friends. The 2nd floor has 3 generous sized bedrooms with ample closets, has dated wallpaper and needs cosmetics and paint. This home has insulated vinyl replacement windows, good roof vinyl siding and a paved driveway. A real good value and it`s available to be shown in a days notice. Don`t wait.

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: 715 sq ft (the lesser of 900 sq ft or half the 1,430 sq ft principal dwelling). Lot size: 2,840 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 MLS and other third-party data may be inaccurate or out of date.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.