Three-Unit Multifamily
For Sale
$635,000
Pending
78 Nash Rd, New Bedford, MA 02746
Residential Income, New Bedford, MA
Property Size3,066 SF
Lot Size0.08 Acres
Days on Market25
Property Features for 78 Nash Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 2, Bedroom 9, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 3
Parking
2
Directions
Use GPS
Standard status
Pending
APN
M:0105 L:0052,2900125
Size
3,066 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5440
Building Details
Year built
1912
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Aug 3
Changed: Aug 26
Last Checked: Aug 27 at 3:06AM
MLS# 73558663
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.
Built in 1912, this three-unit multifamily property at 78 Nash Rd offers 3,066 square feet of living area across three stories. The layout includes nine bedrooms and three full bathrooms, providing a substantial residential configuration within a compact urban parcel.
The property occupies a 3,611-square-foot lot, equivalent to 0.0829 acres, and is identified with RC zoning. Located in New Bedford, Massachusetts, the asset combines a multi-unit format with an established building footprint and a manageable exterior site.
The property occupies a 3,611-square-foot lot, equivalent to 0.0829 acres, and is identified with RC zoning. Located in New Bedford, Massachusetts, the asset combines a multi-unit format with an established building footprint and a manageable exterior site.
Key Highlights
- Triplex property with 3,066 square feet of living area
- Nine bedrooms and 3 full bathrooms
- Three‑story building constructed in 1912
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$881,440
$881.4K
Cap Rate 7%
$629,600
$629.6K
Cap Rate 9%
$489,689
$489.7K
Market Conditions
NOI Build-Up for 3,066 SF
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.
Gross rent
$68.1K $22.20/SF
− Vacancy
−$5.1K −$1.67/SF
EGI
$63.0K $20.54/SF
− OpEx
−$18.9K −$6.16/SF
NOI
$44.1K $14.37/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$881,440
Cap Rate 7%
$629,600
Cap Rate 9%
$489,689
Alternative Uses
Best Use
Multifamily LT 5
$629.6K
$550.9K – $734.5K
NOI $44,072 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$578.0K
$505.8K – $674.4K
NOI $40,461 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$904.0K
$791.0K – $1.05M
NOI $63,282 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-story multifamily building with nine bedrooms and three full bathrooms in New Bedford.
Where is this triplex located?
The property is located at 78 Nash Rd New Bedford, MA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Triplex property with 3,066 square feet of living area; Nine bedrooms and 3 full bathrooms; Three‑story building constructed in 1912
