3-Unit Property with
For Sale
$700,000
Pending
433 Cedar Grove St, New Bedford, MA 02746
Residential Income, New Bedford, MA
Property Size3,450 SF
Lot Size0.13 Acres
Days on Market48
Property Features for 433 Cedar Grove St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 9, Bedroom 3, Bedroom 5
Parking
8
Directions
GPS Please
Standard status
Pending
APN
M:0090 L:0129,2897973
Size
3,450 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7426
Amenities
washer and dryer hookups
full basement
storage shed
backyard
Building Details
Year built
1912
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 14 at 7:06AM
MLS# 73556325
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.
Located at 433 Cedar Grove St in New Bedford, this 1912 triplex contains approximately 3,450 square feet across three residential units. Each apartment is configured with three bedrooms and one full bathroom, creating a consistent layout throughout the property. The building also includes washer and dryer hookups and three updated hot water heaters.
Additional improvements include a full basement, a two-car garage, a storage shed, and a backyard. The property occupies 0.1298 acres and is identified with RC zoning. Its three-unit configuration supports residential income use, with each residence offering the same bedroom and bathroom count.
Additional improvements include a full basement, a two-car garage, a storage shed, and a backyard. The property occupies 0.1298 acres and is identified with RC zoning. Its three-unit configuration supports residential income use, with each residence offering the same bedroom and bathroom count.
Key Highlights
- Three‑unit property with approximately 3,450 square feet of living space
- Each unit includes 3 bedrooms and 1 full bathroom
- Three updated hot water heaters and washer/dryer hookups
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
$49,592
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
7.08%
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%
$991,840
$991.8K
Cap Rate 7%
$708,457
$708.5K
Cap Rate 9%
$551,022
$551.0K
Market Conditions
NOI Build-Up for 3,450 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
$76.6K $22.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$70.8K $20.54/SF
− OpEx
−$21.3K −$6.16/SF
NOI
$49.6K $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%
$991,840
Cap Rate 7%
$708,457
Cap Rate 9%
$551,022
Alternative Uses
Best Use
Multifamily LT 5
$708.5K
$619.9K – $826.5K
NOI $49,592 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$650.4K
$569.1K – $758.8K
NOI $45,529 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,208 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms, one full bathroom, and access to laundry hookups.
Where is this triplex located?
The property is located at 433 Cedar Grove St New Bedford, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑unit property with approximately 3,450 square feet of living space; Each unit includes 3 bedrooms and 1 full bathroom; Three updated hot water heaters and washer/dryer hookups
