97 Madison St New Bedford — Photo 1 of 41
Recent Drop: $15,000
$760,000
Investment Analysis — 97 Madison St
New Bedford, MA 02740 — Center
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 4-bedroom in 02740 carries an estimated $2,200/mo in gross rent — about a 1.56% cap rate and $11,872/yr in estimated NOI at the $760,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4.5
SqFt
3,419
Style
Single Family
Built
1875
Price Adjustment: Welcome to the elegant 97 Madison St in New Bedford - a historic gem built in 1875 & owned by Samuel Hudson Cook who established Paul Dixon & Cook Insurance - a maritime insurance agency. Located just outside of Downtown New Bedford, this magnificent home is a superb example of Stick Style architecture, characterized by its ornate roof lines, bay windows, & the unique shed-style hoods above shuttered windows. Inside you will discover a sunlit interior decorated with period details including marble fireplaces, refined crown moldings, ceiling medallions, & original flooring - all reflecting the home's authentic charm. Three of the bedrooms offer a contemporary en suite bathroom maximizing ease of living. The home also features an additional fourth/guest bedroom, & a walk up attic with expansion possibilities. Enjoy outdoor living on the inviting front porch or private backyard patio. Appreciate this extraordinary residence & located on one of the city’s loveliest streets.
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: 900 sq ft (the lesser of 900 sq ft or half the 3,419 sq ft principal dwelling). Lot size: 6,856 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Pendant, Decorative Molding
Dining Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant, Decorative Molding
Kitchen
Lvl Main,FirstFlooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Exterior Access, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Breezeway
Family Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Pendant, Decorative Molding
Primary Bedroom
Lvl SecondBathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom - Full, Fireplace, Closet, Flooring - Wall to Wall Carpet, Lighting - Pendant
Bedroom 4
Lvl SecondCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Wainscoting, Lighting - Sconce, Lighting - Overhead, Pedestal Sink
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Flooring - Vinyl, Wainscoting, Lighting - Sconce, Lighting - Overhead
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Wainscoting, Lighting - Sconce, Lighting - Overhead
Property History
$760,000
Was $775,000
Aug 19, 2026
MLS® 73490163
$775,000
Was $799,900
Jul 6, 2026
MLS® 73490163
$799,900
Was $819,900
May 28, 2026
MLS® 73490163
$819,900
Mar 23, 2026
MLS® 73490163
$819,900
Dec 5, 2025
MLS® 73420480
$819,900
Aug 20, 2025
MLS® 73420480
Listing Agent: The Mathew J. Arruda Group
Listing Office: Compass
MLS® Number: 73490163
