Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Four-Family Investment Opportunity Title is generated by Realmo AI

    51 Bonney St, New Bedford, MA 02740

    View on Map
    Claim this Listing
    Pending
    $839,700

    MULTI_FAMILY - New Bedford, MA

    Property size:
    3,902 SF
    Lot size:
    0.11 Acres
    Added:
    May 4, 2026
    Days on Market:
    25
    Last Refresh:
    May 28 at 4:06 pm

    Property Features for 51 Bonney St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RB
    Bedrooms
    9
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 9, Bedroom 4
    Standard status
    Pending
    APN
    2888274
    Size
    3,902 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6274

    Building Details

    Year built
    1897
    Number of units
    4

    We can help!

    Listing Contact
    Clifford Ponte

    Listing agent Clifford Ponte License #9554597

    Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA

    Listing date May 4, 2026

    MLS# 73512321 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.

    HighLights

    • Strong investment potential with owner‑occupant flexibility.
    • One unit delivered vacant: 2‑bedroom townhouse‑style layout with two floors.
    • All units updated within the past 5 years: hardwood floors, modern kitchens, renovated baths.
    • Newer heating systems for each unit, updated windows, and vinyl siding.
    • Spacious 4‑bedroom unit with two levels.
    • Turnkey property requiring no immediate renovations.

    Overview

    This is a rare opportunity to own a fully updated four-family property, offering both strong investment potential and owner-occupant flexibility. One unit will be delivered vacant, featuring a 2-bedroom townhouse-style layout with two floors of living space. The property also includes a spacious 4-bedroom unit with two levels, an additional 2-bedroom townhouse-style unit, and a 1-bedroom unit. All units have been updated within the past 5 years, including hardwood floors throughout, modern kitchens, and renovated baths. Major improvements include newer heating systems for each unit, updated windows, and vinyl siding. The property is truly turnkey with nothing to do. It is ideal for investors or owner-occupants seeking immediate income and long-term value. The property is located in New Bedford, MA, and sits on a 0.114-acre lot. The building has a size of 3902 square feet. The zoning is RB. All rents are below market value.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $623.2K
    NOI $56,089 @ 9.00% cap · cautious / downside scenario
    Moderate
    $801.3K
    NOI $56,089 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.12M
    NOI $56,089 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $86.6k $22.20
    − Vacancy −$6.5k −$1.67
    EGI $80.1k $20.54
    − OpEx −$24.0k −$6.16
    NOI $56.1k $14.37
    3,902 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $801.3K
    $701.1K – $934.8K (±1% cap)
    NOI $56,089 @ 7.0% cap · market cap 6.68%
    Second Best
    Apartment 5plus
    $735.6K
    $643.7K – $858.2K (±1% cap)
    NOI $51,494 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $1.15M
    $1.01M – $1.34M (±1% cap)
    NOI $80,537 @ 7.0% cap · market cap 9.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.929362
    Latitude
    41.625275

    Nearby Similar for Sale

    • $729,900
      4,842 SF

      New Bedford Multifamily Investment Opportunity

      Income-producing 5-unit property in New Bedford's South End.
      52 Ashley St, New Bedford, MA 02744
      View Details
    • $649,900
      3,360 SF

      Spacious Three-Family Property

      Well-maintained three-family property with three-car garage and ample parking.
      131 Whitman St, New Bedford, MA 02745
      View Details
    • $699,900
      3,378 SF

      Well-Maintained Three-Family Property

      Three-family property with strong rental potential in New Bedford.
      55 Salisbury St, New Bedford, MA 02744
      View Details
    • $899,000
      4,878 SF

      Spacious Multi-Family Residence

      Meticulously prepared multi-family residence with twelve bedrooms and five bathrooms.
      104-106 Belleville Rd, New Bedford, MA 02745
      View Details
    • $599,000
      2,760 SF

      New Bedford Mixed-Use Two-Family

      Two-family property with MUB zoning, suitable for live-work.
      1930 Acushnet Ave, New Bedford, MA 02745
      View Details
    • $750,000
      4,062 SF

      Meticulously Maintained Four-Unit Multifamily Property

      Spacious, renovated four-unit property near hospital and downtown New Bedford.
      42-44 Wing Street, New Bedford, MA 02740
      View Details
    • $650,000
      3,078 SF

      Spacious Three-Family Home Investment

      Well-maintained New Bedford three-family with recent updates and convenient location.
      447 Ash St, New Bedford, MA 02740
      View Details
    • $669,900
      3,132 SF

      New Bedford Three-Family Home

      Well-maintained three-family home near amenities, ideal for investors/owner-occupants.
      5 Tallman Ln, New Bedford, MA 02740
      View Details
    • $599,999
      3,372 SF

      Well-Maintained Three Family Property

      Three-family property near the beach, ideal for investors/owner-occupants.
      187 David St, New Bedford, MA 02744
      View Details
    • $709,900
      3,169 SF

      Income-Producing Multifamily Property

      Turnkey 6-unit property with strong returns and low maintenance.
      826 County St, New Bedford, MA 02740
      View Details
    • $599,000
      2,691 SF

      Renovated Two-Family Home

      Move-in ready, renovated two-family home with investment potential.
      33 Crapo St., New Bedford, MA 02740
      View Details
    • $524,900
      2,565 SF

      New Bedford Multifamily Home

      Two-family home with income potential in New Bedford, Massachusetts.
      107 Robeson St, New Bedford, MA 02740
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully updated four-family property with strong investment potential.
    Where is this quadplex located?
    The property is located at 51 Bonney St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $839,700.
    What are key features of this property?
    This property features: Strong investment potential with owner‑occupant flexibility.; One unit delivered vacant: **2‑bedroom townhouse‑style layout with two floors.**; All units updated within the past 5 years: hardwood floors, modern kitchens, renovated baths.
    (508) 677-3233
    We can help!
    Listing Contact
    Clifford Ponte
    Real Estate License ID: 9554597
    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

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    51 Bonney 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!