Five-Unit Residential Income
52 Ashley St New Bedford, MA 02744
52 Ashley St, New Bedford, MA, 02744
$729,900
For Sale
$729,900
MULTI_FAMILY - New Bedford, MA
Property Size4,842 SF
Lot Size0.09 Acres
Price / SF$150.74
Days on Market58
Property Features for 52 Ashley St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 11, Bedroom 1, Bathroom 3, Bedroom 10, Bathroom 4, Bathroom 5, Bedroom 9, Bedroom 4, Bedroom 2, Bathroom 6, Bedroom 6, Bedroom 5, Bedroom 12, Bathroom 1, Bedroom 3, Bedroom 8
- Standard status
- Active
- APN
- M:0014 L:0007,2884232
- Size
- 4,842 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6269
Building Details
- Year built
- 1910
- Floors in Building
- 5
- Number of units
- 5
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: May 26 Updated: Jul 11 at 6:30AM Checked: Jul 22 at 6:06PM
MLS# 73523734
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 five-unit residential income property is positioned as an investor-friendly opportunity with a mix of stability and potential. Four units are described as well maintained with solid tenant history, while one unit offers room for cosmetic updates to help increase value and cash flow. The building features spacious floor plans with natural light and flexible living space across the units, and the exterior is noted as low-maintenance vinyl siding.
The property is located in New Bedford’s South End and is described as a high-demand rental area near the waterfront, beaches, and local South End amenities. It’s also presented as being close to public transit and commuter access points, supporting broad tenant appeal.
For investors, the current profile fits buyers seeking established income with a straightforward value-add component. The separately metered utilities can help simplify billing and operations, while the noted exterior durability supports lower maintenance expectations. Overall, it’s well suited for portfolio expansion or for an operator looking to improve one unit while maintaining the performance of the remaining apartments.
The property is located in New Bedford’s South End and is described as a high-demand rental area near the waterfront, beaches, and local South End amenities. It’s also presented as being close to public transit and commuter access points, supporting broad tenant appeal.
For investors, the current profile fits buyers seeking established income with a straightforward value-add component. The separately metered utilities can help simplify billing and operations, while the noted exterior durability supports lower maintenance expectations. Overall, it’s well suited for portfolio expansion or for an operator looking to improve one unit while maintaining the performance of the remaining apartments.
Key Highlights
- 5‑unit income‑producing property in New Bedford’s South End with year built 1910.
- Four units are described as well maintained with solid tenant history, plus one unit for cosmetic updates.
- Separately metered utilities.
Local Financial Insights For Apartment 5plus
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 | $124.9k | $25.80 |
| − Vacancy | −$8.7k | −$1.81 |
| EGI | $116.2k | $23.99 |
| − OpEx | −$52.3k | −$10.80 |
| NOI | $63.9k | $13.20 |
4,842 SF · lease $25.80/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,939 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily with separately metered utilities and a value-add unit for improved income potential.
Where is this apartment building located?
The property is located at 52 Ashley St New Bedford, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: 5‑unit income‑producing property in New Bedford’s South End with year built 1910.; Four units are described as well maintained with solid tenant history, plus one unit for cosmetic updates.; Separately metered utilities.
