Investment Analysis — 96 Locust St

New Bedford, MA 02740

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-bedroom in 02740 carries an estimated $1,470/mo in gross rent — about a 3.17% cap rate and $11,064/yr in estimated NOI at the $349,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

759

Style

Single Family

Built

1925

Welcome to 96 Locust St, a great opportunity for a first-time homebuyer or anyone looking to downsize without sacrificing comfort and convenience. This cozy 2-bedroom, 1-bath ranch offers easy one-level living with a practical layout, central air conditioning, in-unit laundry, and off-street parking. Vinyl siding and a newer roof help keep maintenance simple, making this home an appealing option for buyers looking for something manageable and affordable. Conveniently located near shopping, parks, schools, public transportation, and highway access. A wonderful starter home or downsizing option ready for its next owner.

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: 380 sq ft (the lesser of 900 sq ft or half the 759 sq ft principal dwelling). Lot size: 1,459 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 MLS and other third-party data may be inaccurate or out of date.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.