287 Wood St New Bedford — Photo 1 of 38
$419,000
Investment Analysis — 287 Wood St
New Bedford, MA 02745
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02745 carries an estimated $1,790/mo in gross rent — about a 2.96% cap rate and $12,421/yr in estimated NOI at the $419,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,268
Style
Single Family
Built
1917
Welcome to 287 Wood Street, a cozy and charming three-bedroom, one-bath home that has been meticulously cared for and is ready for its next owner. The inviting interior offers comfortable living spaces with a warm, welcoming feel, while the standout feature is the amazing back porch—an extension of the living area that provides the perfect spot to relax, entertain, or enjoy your morning coffee while overlooking the beautifully maintained yard. Outside, you’ll find a fully fenced-in yard offering privacy and plenty of space for outdoor enjoyment. A two-car garage provides excellent parking and storage options. Conveniently located in New Bedford, this home offers easy access to shopping, dining, schools, area amenities, major routes, and everything the South Coast has to offer. A wonderful opportunity to own a charming home in a convenient location—come see all that 287 Wood Street has to offer!
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: 634 sq ft (the lesser of 900 sq ft or half the 1,268 sq ft principal dwelling). Lot size: 3,598 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First24 x 11
Ceiling Fan(s), Flooring - Wall to Wall Carpet, Exterior Access
Dining Room
Lvl First15 x 14
Flooring - Hardwood, Chair Rail, Exterior Access
Kitchen
Lvl First8 x 7
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Remodeled, Second Dishwasher, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl Second11 x 11
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Second14 x 9
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Second8 x 10
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Brian Balestracci
Listing Office: Milestone Realty, Inc.
MLS® Number: 73576853