Two-Family with Off-Street
497 S Second New Bedford, MA 02744
497 S Second, New Bedford, MA, 02744
$419,900
For Sale
$419,900
MULTI_FAMILY - New Bedford, MA
Property Size1,302 SF
Lot Size0.08 Acres
Price / SF$322.50
Days on Market24
Property Features for 497 S Second
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MUB
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 2
- Standard status
- Active
- APN
- 25141,2886263
- Size
- 1,302 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3764
Building Details
- Year built
- 1887
- Floors in Building
- 2
- Number of units
- 2
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Jun 29 Updated: Jul 20 at 1:09PM Checked: Jul 22 at 11:06PM
MLS# 73542928
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 FHA approved two-family property offers off-street parking and a fenced-in yard. The building is listed for sale as a residential income duplex with a total property size of 1,302 square feet and a lot size of 0.0796 acres.
Located at 497 S Second in New Bedford, MA 02744 (Bristol County), the home is described as close to downtown, the train station, and local beaches. Zoning is identified as MUB.
For buyers seeking a straightforward two-family configuration, the property’s primary appeal is its duplex structure, off-street parking, and fenced yard setting, paired with its proximity to key local destinations.
Located at 497 S Second in New Bedford, MA 02744 (Bristol County), the home is described as close to downtown, the train station, and local beaches. Zoning is identified as MUB.
For buyers seeking a straightforward two-family configuration, the property’s primary appeal is its duplex structure, off-street parking, and fenced yard setting, paired with its proximity to key local destinations.
Key Highlights
- 1887‑built 2‑family home with 4 bedrooms and 2 bathrooms
- FHA approved
- Off‑street parking
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 | $28.9k | $22.20 |
| − Vacancy | −$2.2k | −$1.67 |
| EGI | $26.7k | $20.54 |
| − OpEx | −$8.0k | −$6.16 |
| NOI | $18.7k | $14.37 |
1,302 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.4K
$234.0K – $311.9K
NOI $18,716 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,182 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$383.9K
$335.9K – $447.9K
NOI $26,873 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - FHA approved two-family with off-street parking and a fenced yard in New Bedford.
Where is this duplex located?
The property is located at 497 S Second New Bedford, MA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 1887‑built 2‑family home with 4 bedrooms and 2 bathrooms; FHA approved; Off‑street parking
