Five-Unit Residential Income
52 Ashley St, New Bedford, MA 02744
MULTI_FAMILY - New Bedford, MA
Property size:
4,842 SFLot size:
0.09 AcresPrice / SF:
$150/SF- Added:
- May 26, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 2 at 4:06 pm
Property Features for 52 Ashley St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 12, Bedroom 9, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 10, Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 7, Bedroom 11, Bedroom 5, Bedroom 8, Bathroom 1
- 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 agent Eddie Lopez (508) 999-4424
Listing office RE/MAX Vantage 77 State Road, Boston, MA (774) 992-0297
Listing date May 26, 2026
MLS# 73523734
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
- 5‑unit income‑producing property in New Bedford’s South End (year built 1910)
- Separately metered utilities for the units
- Four units are described as well maintained with solid tenant history
- One unit is available for cosmetic updates to potentially increase rental income
- Vinyl siding noted as low‑maintenance
- Large unit layout with multiple bedrooms and multiple bathrooms across the property
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.914523
- Latitude
- 41.613446
Nearby Similar for Sale
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 (year built 1910); Separately metered utilities for the units; Four units are described as well maintained with solid tenant history
