Investment Analysis — 551 Union St

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02740 carries an estimated $1,760/mo in gross rent — about a 2.79% cap rate and $11,734/yr in estimated NOI at the $419,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,203

Style

Single Family

Built

1896

*** SOLAR WILL BE PAID IN FULL at new price, Discover the inviting charm of 551 Union St in New Bedford, MA. This single-family residence, offers a comfortable living space and is ready for you to move in. The kitchen features a convenient peninsula and an open-plan design that seamlessly connects with the living room, creating an ideal space for daily life and entertaining. This residence offers three bedrooms, providing ample private space. Complementing these are one full bathroom and one half bathroom, designed for everyday functionality. Beyond the interior, the property includes solar panels, contributing to efficiency also a 1 year old on demand heating system and insulated attic, A welcoming porch offers a pleasant outdoor extension of the home. The spacious back yard is perfect for entertaining .

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: 602 sq ft (the lesser of 900 sq ft or half the 1,203 sq ft principal dwelling). Lot size: 2,139 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 MLS and other third-party data may be inaccurate or out of date.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.