Updated Six-Unit Apartment
For Sale
$680,000
826 County St, New Bedford, MA 02740
MULTI_FAMILY - New Bedford, MA
Property Size3,169 SF
Lot Size0.10 Acres
Price / SF$214.58
Days on Market31
Property Features for 826 County St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MUB
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 10, Bedroom 8, Bedroom 9, Bedroom 5, Bathroom 5
Parking
3
Directions
Linden to county
Standard status
Active
APN
M:0078 L:0064,2896335
Size
3,169 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5472
Building Details
Year built
1880
Floors in Building
3
Number of units
6
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 27 at 2:06AM
MLS# 73555788
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 six-unit apartment building at 826 County St includes 3,169 square feet on a 0.1011-acre lot. Constructed in 1880, the property has undergone extensive updates within the last few years. Each apartment has separate heat and electric service, supporting distinct utility arrangements across the building. Off-street parking is included, and professional property management is already established.
The property is located in New Bedford, Massachusetts, within the MUB zoning designation. Existing management may be able to remain in place, providing continuity for a new owner. The building’s six-unit configuration, updated condition, individual utility service, and established management structure define the current offering.
The property is located in New Bedford, Massachusetts, within the MUB zoning designation. Existing management may be able to remain in place, providing continuity for a new owner. The building’s six-unit configuration, updated condition, individual utility service, and established management structure define the current offering.
Key Highlights
- Six‑unit apartment building with 3,169 square feet
- 0.1011‑acre lot in New Bedford, MA
- Constructed in 1880 and extensively updated within the last few years
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
$41,820
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
6.15%
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%
$836,400
$836.4K
Cap Rate 7%
$597,429
$597.4K
Cap Rate 9%
$464,667
$464.7K
Market Conditions
NOI Build-Up for 3,169 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
$81.8K $25.80/SF
− Vacancy
−$5.7K −$1.81/SF
EGI
$76.0K $23.99/SF
− OpEx
−$34.2K −$10.80/SF
NOI
$41.8K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
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%
$836,400
Cap Rate 7%
$597,429
Cap Rate 9%
$464,667
Alternative Uses
Best Use
Apartment 5plus
$597.4K
$522.8K – $697.0K
NOI $41,820 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$934.4K
$817.6K – $1.09M
NOI $65,408 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with independently controlled heat and electric service, off-street parking, and professional management in place.
Where is this apartment building located?
The property is located at 826 County St New Bedford, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Six‑unit apartment building with 3,169 square feet; 0.1011‑acre lot in New Bedford, MA; Constructed in 1880 and extensively updated within the last few years
