Two-Family Residential Income
69 Delano St New Bedford, MA 02744
69 Delano St, New Bedford, MA, 02744
$429,000
For Sale
$429,000
MULTI_FAMILY - New Bedford, MA
Property Size1,656 SF
Lot Size0.07 Acres
Price / SF$259.06
Days on Market17
Property Features for 69 Delano St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
- Standard status
- Active
- APN
- M:0025 L:0157,2886272
- Size
- 1,656 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4025
Building Details
- Year built
- 1893
- Floors in Building
- 2
- Number of units
- 1
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Jul 7 Updated: Jul 11 at 6:30AM Checked: Jul 23 at 4:06AM
MLS# 73545560
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 two-family home offers a practical layout for owner-occupants and renters alike. Each unit features two bedrooms, one full bathroom, a bright living room, and an eat-in kitchen, designed for comfortable everyday living. The property is sited on a 0.0703-acre lot with a total building size of 1,656 square feet, providing a straightforward, self-contained setup for two households.
The home is located in New Bedford, Massachusetts, at 69 Delano St. Zoning is listed as RC. The property is described as conveniently located near shopping, restaurants, schools, parks, and beaches, with easy access for commuters.
From a tenant and operational standpoint, the consistent unit configuration can simplify leasing and day-to-day management, with the same basic room mix in both apartments. For buyers considering either living in one unit or holding both units as a rental, the two-bedroom, one-bath arrangement provides a clear fit for households that want dedicated living spaces and an eat-in kitchen layout. The overall design supports a residential income strategy without requiring specialized configurations beyond the existing two-family structure.
The home is located in New Bedford, Massachusetts, at 69 Delano St. Zoning is listed as RC. The property is described as conveniently located near shopping, restaurants, schools, parks, and beaches, with easy access for commuters.
From a tenant and operational standpoint, the consistent unit configuration can simplify leasing and day-to-day management, with the same basic room mix in both apartments. For buyers considering either living in one unit or holding both units as a rental, the two-bedroom, one-bath arrangement provides a clear fit for households that want dedicated living spaces and an eat-in kitchen layout. The overall design supports a residential income strategy without requiring specialized configurations beyond the existing two-family structure.
Key Highlights
- Two‑family home built in 1893
- Each unit has 2 bedrooms and 1 full bathroom
- Units include a bright living room and an eat‑in kitchen
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 | $36.8k | $22.20 |
| − Vacancy | −$2.8k | −$1.67 |
| EGI | $34.0k | $20.54 |
| − OpEx | −$10.2k | −$6.16 |
| NOI | $23.8k | $14.37 |
1,656 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.1K
$297.6K – $396.7K
NOI $23,804 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,854 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$488.3K
$427.3K – $569.7K
NOI $34,180 @ 7.0% cap · market cap 7.97%
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 - Well-maintained two-unit home with two bedrooms and eat-in kitchens in each unit.
Where is this duplex located?
The property is located at 69 Delano St New Bedford, MA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑family home built in 1893; Each unit has 2 bedrooms and 1 full bathroom; Units include a bright living room and an eat‑in kitchen
