Four-Family Residential Income
50-52 Princeton St New Bedford, MA 02745
50-52 Princeton St, New Bedford, MA, 02745
$699,900
For Sale
$699,900
MULTI_FAMILY - New Bedford, MA
Property Size3,818 SF
Lot Size0.07 Acres
Price / SF$183.32
Days on Market25
Property Features for 50-52 Princeton St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 8, Bathroom 1, Bedroom 5
- Standard status
- Active
- APN
- 2901365
- Size
- 3,818 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6482
Building Details
- Year built
- 1909
- Number of units
- 4
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Jun 29 Updated: Jul 11 at 6:30AM Checked: Jul 23 at 6:06AM
MLS# 73542975
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 well-maintained four-family offers two separate unit configurations across its four floors. The first and second floors each provide spacious 3-bedroom, 1-bath layouts. The third and fourth floors feature 1-bedroom, 1-bath units, creating a practical mix for rental housing.
The property is located at 50-52 Princeton St in New Bedford. Public remarks note proximity to Brooklawn Park, as well as parks, schools, shopping, major highways, and the downtown waterfront. The area also includes access to the new South Coast Rail commuter service, providing direct access to Boston. Zoning is listed as RB.
From an ownership and tenant-readiness standpoint, the building is described as lead certified, and appliances are owned by the landlord. With its established unit mix and maintained condition, the property is positioned for investors or operators looking for a turnkey residential income asset that already includes lead certification and landlord-provided appliances.
The property is located at 50-52 Princeton St in New Bedford. Public remarks note proximity to Brooklawn Park, as well as parks, schools, shopping, major highways, and the downtown waterfront. The area also includes access to the new South Coast Rail commuter service, providing direct access to Boston. Zoning is listed as RB.
From an ownership and tenant-readiness standpoint, the building is described as lead certified, and appliances are owned by the landlord. With its established unit mix and maintained condition, the property is positioned for investors or operators looking for a turnkey residential income asset that already includes lead certification and landlord-provided appliances.
Key Highlights
- 4‑family well‑maintained property built in 1909
- Unit mix: first and second floors each offer 3‑bedroom, 1‑bath units
- Third and fourth floors each offer 1‑bedroom units
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 | $84.8k | $22.20 |
| − Vacancy | −$6.4k | −$1.67 |
| EGI | $78.4k | $20.54 |
| − OpEx | −$23.5k | −$6.16 |
| NOI | $54.9k | $14.37 |
3,818 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$784.0K
$686.0K – $914.7K
NOI $54,882 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$719.8K
$629.8K – $839.8K
NOI $50,385 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.13M
$985.1K – $1.31M
NOI $78,804 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-family with a 3-bedroom and 1-bedroom unit mix and lead certification in place.
Where is this quadplex located?
The property is located at 50-52 Princeton St New Bedford, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4‑family well‑maintained property built in 1909; Unit mix: first and second floors each offer 3‑bedroom, 1‑bath units; Third and fourth floors each offer 1‑bedroom units
