Renovated Two-Family with Cottage
150 Blackmer St New Bedford, MA 02744
150 Blackmer St, New Bedford, MA, 02744
$574,900
For Sale
$574,900
MULTI_FAMILY - New Bedford, MA
Property Size1,812 SF
Lot Size0.10 Acres
Price / SF$317.27
Days on Market245
Property Features for 150 Blackmer St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MUB
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
- Parking
- 10
- Standard status
- Active
- APN
- M:0025 L:0042,2886199
- Size
- 1,812 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4497
Building Details
- Year built
- 1884
- Floors in Building
- 2
- Number of units
- 2
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Nov 20, 2025 Updated: Jul 11 at 6:30AM Checked: Jul 23 at 3:06AM
MLS# 73456899
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 completely renovated two-family property is located in New Bedford, MA. Each unit has been thoughtfully updated from top to bottom, creating a move-in-ready home. The property also features a possible cottage-style setup, perfect for extended family, guests, or a private workspace. The partially finished basement provides additional space that can be easily customized, whether you need a recreation room, home office, or bonus space. The exterior offers even more opportunity to possibly add a garage or ADU if allowed by the city. The lot size is 0.1043 acres. The property size is 1812 square feet. The zoning is MUB.
Key Highlights
- Completely renovated two‑family home built in 1884
- Each unit has been thoughtfully updated from top to bottom and presented as move‑in ready
- Possible cottage‑style setup for extended family, guests, or a private work space
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 | $40.2k | $22.20 |
| − Vacancy | −$3.0k | −$1.67 |
| EGI | $37.2k | $20.54 |
| − OpEx | −$11.2k | −$6.16 |
| NOI | $26.0k | $14.37 |
1,812 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$341.6K
$298.9K – $398.5K
NOI $23,912 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,400 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
IP Enterprise
Home Decor Store
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FAQs
What type of property is this?
Duplex - Completely renovated two-family with possible cottage-style setup in New Bedford.
Where is this duplex located?
The property is located at 150 Blackmer St New Bedford, MA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Completely renovated two‑family home built in 1884; Each unit has been thoughtfully updated from top to bottom and presented as move‑in ready; Possible cottage‑style setup for extended family, guests, or a private work space
