Investment Analysis — 57 Mary St

New Bedford, MA 02745

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-bedroom in 02745 carries an estimated $1,490/mo in gross rent — about a 2.66% cap rate and $9,972/yr in estimated NOI at the $374,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

842

Style

Single Family

Built

1925

57 Mary Street is the kind of home buyers hope to find and rarely see at this price. Turn-key, easy to love, and set in New Bedford’s desirable North End, this home checks the boxes that matter: 2 bedrooms, 1 bathroom, off-street parking, and a fenced-in backyard all ready for you to move in and make it your own. Inside, the home offers comfortable everyday living with a layout that’s simple, functional, and ready to enjoy from day one. Whether you’re a first-time buyer, downsizing, or looking for a home that gives you the freedom to settle in without having to do a thing, this property delivers! Outside, the fenced-in backyard gives you your own private space for summer cookouts, relaxing, gardening, pets, or simply enjoying some fresh air. The North End location puts you close to shopping, restaurants, parks, schools, major roadways, local amenities, and the MBTA Commuter Rail, keeping the essentials close and making commuting more convenient. A move in ready home, a desirable location, private outdoor space, at this price point is hard to find!. Schedule your showing today. If you’ve been waiting for the right one to hit the market, this is it! First showing will be at the open house 09/24 @ 5:30

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: 421 sq ft (the lesser of 900 sq ft or half the 842 sq ft principal dwelling). Lot size: 3,607 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.