Two-Unit Residential Income
84 Walden St New Bedford, MA 02740
84 Walden St, New Bedford, MA, 02740
$529,900
For Sale
$529,900
MULTI_FAMILY - New Bedford, MA
Property Size1,950 SF
Lot Size0.07 Acres
Price / SF$271.74
Days on Market84
Property Features for 84 Walden St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
- Standard status
- Active
- APN
- M:0058 L:0082,2892992
- Size
- 1,950 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4548
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Apr 30 Updated: Jul 11 at 6:30AM Checked: Jul 22 at 9:06PM
MLS# 73510449
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 is configured with two separate units, each offering three bedrooms and one full bathroom. The first-floor unit has been well cared for, while the second-floor unit has been fully renovated with modern updates. Renovations include a brand-new kitchen with new appliances, a fully updated bathroom, new flooring, and fresh finishes throughout. Major improvements also include new walls with insulation, a new heating system, and updated plumbing.
Located at 84 Walden St in New Bedford, Massachusetts (02740), the property is zoned RB. It also includes outdoor space with a private yard.
With two distinct three-bedroom layouts, the home can support a practical owner-occupant setup where one unit is lived in and the other is rented, or it can serve as a residential income property for investors. The documented upgrades, including the renovated second-floor unit and the property-wide heating, insulation, and plumbing work, help reduce near-term renovation needs and support straightforward occupancy planning.
Located at 84 Walden St in New Bedford, Massachusetts (02740), the property is zoned RB. It also includes outdoor space with a private yard.
With two distinct three-bedroom layouts, the home can support a practical owner-occupant setup where one unit is lived in and the other is rented, or it can serve as a residential income property for investors. The documented upgrades, including the renovated second-floor unit and the property-wide heating, insulation, and plumbing work, help reduce near-term renovation needs and support straightforward occupancy planning.
Key Highlights
- 1880‑built 2‑family home in New Bedford with 3 bedrooms and 1 full bath in each unit
- Second‑floor unit has been completely renovated with a brand‑new kitchen (with new appliances) and fully updated bathroom
- Renovations include new flooring and fresh finishes in the second‑floor unit
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 | $43.3k | $22.20 |
| − Vacancy | −$3.2k | −$1.67 |
| EGI | $40.0k | $20.54 |
| − OpEx | −$12.0k | −$6.16 |
| NOI | $28.0k | $14.37 |
1,950 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.4K
$350.4K – $467.2K
NOI $28,030 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$575.0K
$503.1K – $670.8K
NOI $40,248 @ 7.0% cap · market cap 7.60%
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-family with 3-bedroom units and a private yard, plus heating, plumbing, and interior upgrades.
Where is this duplex located?
The property is located at 84 Walden St New Bedford, MA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: 1880‑built 2‑family home in New Bedford with 3 bedrooms and 1 full bath in each unit; Second‑floor unit has been completely renovated with a brand‑new kitchen (with new appliances) and fully updated bathroom; Renovations include new flooring and fresh finishes in the second‑floor unit
