Two-Unit Duplex with
For Sale
$599,000
Pending
1930 Acushnet Ave, New Bedford, MA 02745
Residential Income, New Bedford, MA
Property Size2,760 SF
Lot Size0.07 Acres
Days on Market154
Property Features for 1930 Acushnet Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MUB
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking
3
Fireplace
1
Directions
use GPS
Subdivision
North
Standard status
Pending
APN
2901542
Size
2,760 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4970
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Al Styles
(781) 924-5766
Added: Apr 8
Changed: Sep 4
Last Checked: Sep 8 at 12:06PM
MLS# 73498115
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 two-family duplex contains two separately arranged units, each with three bedrooms. The first-floor residence includes an eat-in kitchen with stainless appliances, in-unit laundry, updated flooring, and a remodeled bathroom featuring a jetted soaking tub, steam shower, and marble-top vanity. Upstairs, an open kitchen and dining area connect to an 18x10 family room with a vaulted pine ceiling, exposed brick, and a wood-burning stove. Wood paneling appears throughout the home.
The 2,760-square-foot property was built in 1920 and sits on a 0.0735-acre corner lot at 1930 Acushnet Ave in New Bedford. Improvements include newer systems, updated insulation, gas heat, a detached one-car garage, and an unfinished basement with storage potential. Both units are described as move-in ready. MUB zoning permits live-work and professional office use, while the property offers access to Rt. 140 and I-195.
The 2,760-square-foot property was built in 1920 and sits on a 0.0735-acre corner lot at 1930 Acushnet Ave in New Bedford. Improvements include newer systems, updated insulation, gas heat, a detached one-car garage, and an unfinished basement with storage potential. Both units are described as move-in ready. MUB zoning permits live-work and professional office use, while the property offers access to Rt. 140 and I-195.
Key Highlights
- Two residential units, each with three bedrooms
- 2,760 square feet on a 0.0735‑acre corner lot
- Detached one‑car garage and unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,480
$793.5K
Cap Rate 7%
$566,771
$566.8K
Cap Rate 9%
$440,822
$440.8K
Market Conditions
NOI Build-Up for 2,760 SF
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.
Gross rent
$61.3K $22.20/SF
− Vacancy
−$4.6K −$1.67/SF
EGI
$56.7K $20.54/SF
− OpEx
−$17.0K −$6.16/SF
NOI
$39.7K $14.37/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,480
Cap Rate 7%
$566,771
Cap Rate 9%
$440,822
Alternative Uses
Best Use
Multifamily LT 5
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$520.3K
$455.3K – $607.1K
NOI $36,423 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$813.8K
$712.1K – $949.4K
NOI $56,966 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - MUB zoning permits live-work and professional office use alongside the residential configuration.
Where is this duplex located?
The property is located at 1930 Acushnet Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residential units, each with three bedrooms; 2,760 square feet on a 0.0735‑acre corner lot; Detached one‑car garage and unfinished basement
