483 County Street New Bedford — Photo 1 of 18
Recent Drop: $70,999
$679,000
Investment Analysis — 483 County Street
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 5-unit multi-family in 02740 carries an estimated $5,900/mo in gross rent — about a 7.02% cap rate and $47,680/yr in estimated NOI at the $679,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
5
SqFt
3,557
Style
5+ Family - 5+ Units Up/Down
Built
1910
Exceptional investment opportunity in the heart of New Bedford! This 5-family property offers strong income potential with all tenants currently TAW. Major updates include a new roof in 2023, recently replaced hot water tanks, and a brand-new furnace installed last month. Property also features a rare 4-car garage plus an additional lot behind the garage with access from the side street—ideal for potential additional parking, storage, or outdoor space for tenants. Located just a short walk to downtown New Bedford, offering easy access to the vibrant waterfront, restaurants, cafes, shops, ferry service to Martha’s Vineyard, art galleries, and the thriving historic district. A fantastic opportunity for investors looking for cash flow and future upside in one of the city’s most desirable locations.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Interior Specifications
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Public Transportation • Shopping • Laundromat • T-Station
Geography
Property History
$679,000
Was $699,000
Sep 14, 2026
MLS® 73523871
$699,000
Was $749,999
Jun 30, 2026
MLS® 73523871
$749,999
May 26, 2026
MLS® 73523871
Listing Agent: Linda Perry
Listing Office: Lamacchia Realty, Inc
MLS® Number: 73523871