Duplex Townhouse-Style
129-131 State Street, New Bedford, MA 02740
New
MULTI_FAMILY - New Bedford, MA
Property size:
3,774 SFLot size:
0.10 AcresPrice / SF:
$192/SF- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 129-131 State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4
- Parking
- 2
- Standard status
- Active
- APN
- M:0072 L:0078,2895233
- Size
- 3,774 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8019
Building Details
- Year built
- 2005
- Floors in Building
- 6
- Number of units
- 2
Listing office Keller Williams Elite 25 Messenger Street, 2nd Floor, Plainville, MA (508) 695-4545
Listing date Jun 25, 2026
MLS# 73541673
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Year built 2005 duplex/townhouse‑style property with spacious living across three levels in each unit
- Two units with a total of 7 bedrooms, 5 full baths, and 2 half baths
- Partially finished basement in one unit for additional living space, extended use, or rental flexibility
- Modern kitchens in each unit with upgraded cabinetry and granite countertops
- Private rear decks for outdoor dining, relaxing, or entertaining
- Open houses Sat June 27 and Sun June 28 from 11am to 1pm
Overview
This townhouse-style duplex is arranged across three levels, with one unit including a partially finished basement that can support additional living space or an extended use. Together, the two units offer 7 bedrooms, 5 full baths, and 2 half baths, with generously sized rooms throughout. Both units feature updated kitchens with upgraded cabinetry and granite countertops, along with comfortable, practical layouts.
Showings begin at the open houses scheduled for Saturday, June 27 and Sunday, June 28 from 11:00 AM to 1:00 PM. The property is located in New Bedford, MA, with access to nearby shopping and schools, and it is described as within walking distance to Clasky Park and close to major highways and area amenities.
Designed for buyers seeking an owner-occupant option or flexible multi-unit living, the configuration supports separate unit use while keeping everyday convenience in mind. Private rear decks provide outdoor space for each unit, and the updated kitchen finishes—upgraded cabinetry and granite countertops—add immediate functionality for daily living.
Showings begin at the open houses scheduled for Saturday, June 27 and Sunday, June 28 from 11:00 AM to 1:00 PM. The property is located in New Bedford, MA, with access to nearby shopping and schools, and it is described as within walking distance to Clasky Park and close to major highways and area amenities.
Designed for buyers seeking an owner-occupant option or flexible multi-unit living, the configuration supports separate unit use while keeping everyday convenience in mind. Private rear decks provide outdoor space for each unit, and the updated kitchen finishes—upgraded cabinetry and granite countertops—add immediate functionality for daily living.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.8k | $22.20 |
| − Vacancy | −$6.3k | −$1.67 |
| EGI | $77.5k | $20.54 |
| − OpEx | −$23.2k | −$6.16 |
| NOI | $54.2k | $14.37 |
3,774 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$711.5K
$622.6K – $830.1K
NOI $49,804 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.11M
$973.7K – $1.30M
NOI $77,895 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.93018
- Latitude
- 41.645586
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Three-level income property with two units, private rear decks, and a partially finished basement in one unit.
Where is this duplex located?
The property is located at 129-131 State Street New Bedford, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Year built 2005 duplex/townhouse‑style property with spacious living across three levels in each unit; Two units with a total of 7 bedrooms, 5 full baths, and 2 half baths; Partially finished basement in one unit for additional living space, extended use, or rental flexibility
