Advertise
    Location, address, ZIP or keywords
    Back to Search
    New Bedford Two-Family Home

    407 Park St New Bedford, MA 02740

    407 Park St, New Bedford, MA, 02740
    $469,900
    Pending
    For Sale
    Claim this Listing
    $469,900
    Pending

    MULTI_FAMILY - New Bedford, MA

    Property Size2,402 SF
    Lot Size0.12 Acres
    AddedMay 6
    Days on Market71
    Last RefreshJul 15 at 10:06 pm

    Property Features for 407 Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RA
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2
    Parking
    2
    Fireplace
    1
    Standard status
    Pending
    APN
    2893894
    Size
    2,402 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4998

    Building Details

    Year built
    1913
    Floors in Building
    2
    Number of units
    2

    Listing agent Scott Morris

    Listing office Keller Williams Realty 574 Washington Street, South Easton, MA

    Listing date May 6, 2026

    MLS# 73513761 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.

    Investment Insights

    Based on property information with market context.

    This two-family home is located in the West End of New Bedford. The first floor features two bedrooms, a full bath, a living room, a dining room, and an eat-in kitchen. The second floor includes three bedrooms, a full bath, a living room, a dining room, and a sizable eat-in kitchen. The property has a fenced-in yard and off-street parking. The lot size is 0.12 acres and the property size is 2402 square feet.

    Key Highlights

    • 2‑family home built in 1913 in New Bedford’s West End
    • First floor layout: 2 bedrooms, full bath, living room, dining room, and eat‑in kitchen
    • Second floor layout: 3 bedrooms, full bath, living room, dining room, and eat‑in kitchen

    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 $53.3k $22.20
    − Vacancy −$4.0k −$1.67
    EGI $49.3k $20.54
    − OpEx −$14.8k −$6.16
    NOI $34.5k $14.37
    2,402 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $493.3K
    $431.6K – $575.5K (±1% cap)
    NOI $34,528 @ 7.0% cap · market cap 7.35%
    Second Best
    Apartment 5plus
    $452.8K
    $396.2K – $528.3K (±1% cap)
    NOI $31,698 @ 7.0% cap · market cap 6.75%
    Theoretical Best
    Office A
    $708.2K
    $619.7K – $826.3K (±1% cap)
    NOI $49,577 @ 7.0% cap · market cap 10.55%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage Grocery & Convenience Store Cafe & Coffee Shop Computer & Electronic Repair (Bike/Boat/Book/etc) Store Bakery Food Market Travel Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar For Sale Nearby

    • $699,900
      3,818 SF

      Four-Family Residential Income Property

      Well-maintained four-family with a 3-bedroom and 1-bedroom unit mix and lead certification in place.
      50-52 Princeton St, New Bedford, MA 02745
      View Details
    • $625,000
      3,385 SF

      Three-Unit Residential Income Property

      Well-maintained 3-family with separate utilities, in-unit laundry, and off-street parking for up to three cars.
      324 Cottage St, New Bedford, MA 02740
      View Details
    • $645,000
      2,648 SF

      Well-Maintained Two-Family Duplex

      Spacious 3-bedroom units with a finished basement, off-street parking, and garage updates; property will be fully vacant by July.
      151-153 Clara St, New Bedford, MA 02744
      View Details
    • $729,900
      4,842 SF

      Five-Unit Residential Income Property

      Five-unit multifamily with separately metered utilities and a value-add unit for improved income potential.
      52 Ashley St, New Bedford, MA 02744
      View Details
    • $599,900
      2,656 SF

      Two-Family Residential Income Home

      Well-maintained two-unit home with enclosed porch, partially finished walk-up attic, fenced yard, and seller-owned solar.
      382-384 W Clinton St, New Bedford, MA 02740
      View Details
    • $675,000
      3,378 SF

      Three-Family Residential Income Property

      Three units with three bedrooms each, including a vacant first-floor home and a brand-new heating system, plus a private yard and patio.
      55 Salisbury St, New Bedford, MA 02744
      View Details
    • $565,000
      1,785 SF

      Two-Family Residential Income Property

      Two-unit residential property with a 1-bedroom first-floor unit and a 4-bedroom second-and-third-level unit.
      300 Maxfield, New Bedford, MA 02740
      View Details
    • $849,900
      4,878 SF

      Five-Unit Multi-Family Residence

      Five-unit residence with a one-car garage and spacious bedrooms, offered for immediate occupancy with tenants at will.
      104-106 Belleville Rd, New Bedford, MA 02745
      View Details
    • $529,900
      1,792 SF

      Two-Family Residence with Expansion Potential

      Two updated units with modern appliances and laundry hookups, delivered vacant with attic plumbing for possible added living space.
      307 Austin St, New Bedford, MA 02740
      View Details
    • $650,000
      3,132 SF

      Three-Family Residential Income Property

      Three spacious three-bedroom units with central heat in a well-maintained home on a private street.
      5 Tallman Ln, New Bedford, MA 02740
      View Details
    • $599,000
      2,760 SF

      Two-Unit Mixed-Use Duplex

      Two-family duplex on a corner lot with gas heat, separate up-and-down units, and a detached one-car garage.
      1930 Acushnet Ave, New Bedford, MA 02745
      View Details
    • $549,000
      2,360 SF

      Updated Three-Unit Residential Income

      Three-unit multifamily building with recent interior upgrades and roof replacement, with a unit expected vacant by late July.
      17 Margin St, New Bedford, MA 02744
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home in New Bedford's West End with fenced yard.
    Where is this duplex located?
    The property is located at 407 Park St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: 2‑family home built in 1913 in New Bedford’s West End; First floor layout: 2 bedrooms, full bath, living room, dining room, and eat‑in kitchen; Second floor layout: 3 bedrooms, full bath, living room, dining room, and eat‑in kitchen
    Contact an agent
    (508) 238-5000
    We can help!
    Contact an agent
    Scott Morris
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    407 Park St, New Bedford, MA 02740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!