Two-Family Residential Income
For Sale
$425,000
Pending
101 Linden St, New Bedford, MA 02740
Two separate units each offer two bedrooms and one full bathroom with living room and kitchen space.
Property Size1,900 SF
Days on Market58
Property Features for 101 Linden St
General Information
Standard status
Pending
Size
1,900 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1895
Listing Agency:
RE/MAX Impact
(508) 717-3070
Listed By:
Benny Olmeda · License #451502963
(774) 320-0393
Source:
Lockandkeyre
Added: Jul 13
Changed: Sep 7
Last Checked: Sep 8 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Impact
Investment Insights
Based on property information with market context.
This two-family home provides two separate living spaces, with each unit featuring two bedrooms, one full bathroom, a spacious living room, and a well-appointed kitchen. The layout is designed to support everyday privacy and flexible use between tenants or occupants.
The property is located in New Bedford and offers convenient access to downtown, shopping, restaurants, schools, public transportation, and major highways.
With a straightforward duplex configuration and natural light throughout the living areas, the home is suited for a buyer seeking a residential income property with multiple separate units under one roof.
The property is located in New Bedford and offers convenient access to downtown, shopping, restaurants, schools, public transportation, and major highways.
With a straightforward duplex configuration and natural light throughout the living areas, the home is suited for a buyer seeking a residential income property with multiple separate units under one roof.
Key Highlights
- Two‑family home built in 1895 in New Bedford
- Each unit includes 2 bedrooms and 1 full bathroom
- Each unit offers a spacious living room and a well‑appointed kitchen
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
$27,312
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
6.43%
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%
$546,240
$546.2K
Cap Rate 7%
$390,171
$390.2K
Cap Rate 9%
$303,467
$303.5K
Market Conditions
NOI Build-Up for 1,900 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
$42.2K $22.20/SF
− Vacancy
−$3.2K −$1.67/SF
EGI
$39.0K $20.54/SF
− OpEx
−$11.7K −$6.16/SF
NOI
$27.3K $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%
$546,240
Cap Rate 7%
$390,171
Cap Rate 9%
$303,467
Alternative Uses
Best Use
Multifamily LT 5
$390.2K
$341.4K – $455.2K
NOI $27,312 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$560.2K
$490.2K – $653.6K
NOI $39,216 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
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?
Duplex - Two separate units each offer two bedrooms and one full bathroom with living room and kitchen space.
Where is this duplex located?
The property is located at 101 Linden St New Bedford, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑family home built in 1895 in New Bedford; Each unit includes 2 bedrooms and 1 full bathroom; Each unit offers a spacious living room and a well‑appointed kitchen
