Spacious Three-Family
131 Whitman St New Bedford, MA 02745
131 Whitman St, New Bedford, MA, 02745
$649,900
Pending
For Sale
$649,900
Pending
MULTI_FAMILY - New Bedford, MA
Property Size3,360 SF
Lot Size0.10 Acres
Days on Market62
Property Features for 131 Whitman St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MUB
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bedroom 9, Bedroom 6, Bedroom 8, Bathroom 1, Bedroom 5
- Parking
- 9
- Standard status
- Pending
- APN
- M:0106 L:0078,2900279
- Size
- 3,360 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5586
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 3
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: May 22 Updated: Jul 11 at 6:30AM Checked: Jul 22 at 7:06PM
MLS# 73522847
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.
Investment Insights
Based on property information with market context.
This well-maintained three-family property features spacious three-bedroom, one-bath units in each apartment. It offers a versatile investment or owner-occupant opportunity with separate utilities and space heaters in each unit. Additional storage is available in the full basement, and there is a rare three-car garage along with ample off-street parking. Laundry facilities are located in the basement, and there is a large accessible attic. The property is conveniently located close to the commuter rail, shopping, parks, and the waterfront, making it ideal for tenants and commuters. The lot size is 0.0985 acres. The property size is 3360 square feet. Two of the garage stalls are currently rented. The zoning is MUB. The property is located in New Bedford, Massachusetts, in Bristol County.
Key Highlights
- Three‑family property built in 1890 with spacious apartment layout and multiple bedrooms per unit
- Separate utilities for each unit
- Space heaters in each unit
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 | $74.6k | $22.20 |
| − Vacancy | −$5.6k | −$1.67 |
| EGI | $69.0k | $20.54 |
| − OpEx | −$20.7k | −$6.16 |
| NOI | $48.3k | $14.37 |
3,360 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$690.0K
$603.7K – $805.0K
NOI $48,298 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$633.4K
$554.3K – $739.0K
NOI $44,341 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$990.7K
$866.9K – $1.16M
NOI $69,350 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with three-car garage and ample parking.
Where is this triplex located?
The property is located at 131 Whitman St New Bedford, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑family property built in 1890 with spacious apartment layout and multiple bedrooms per unit; Separate utilities for each unit; Space heaters in each unit
