Three-Unit Residential Income
105 Collette Street New Bedford, MA 02746
105 Collette Street, New Bedford, MA, 02746
$714,999
For Sale
$714,999
Well-maintained 3-family with off-street parking for up to four vehicles and roof and unit updates within the last 10 years.
Property Size3,384 SF
Price / SF$211.29
Days on Market72
Property Features for 105 Collette Street
General Information
- Standard status
- Active
- Size
- 3,384 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1908
Listing agency
Pelletier Realty,Inc.
Listed by
Vera Ferreira
(617) 731-4644
Source
Hammondre
Added: May 12 Updated: Jul 21 at 1:22PM Checked: Jul 21 at 1:22PM
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 Pelletier Realty,Inc.
Investment Insights
Based on property information with market context.
This well-maintained 3-family residential income property offers a low-maintenance exterior and off-street parking for up to four vehicles. According to the seller, major updates have been completed, including updates to the roof and all units within the last 10 years.
Two units are currently occupied on month-to-month leases with rents described as reasonable market-value rents. The 3rd-floor unit will be delivered vacant, offering flexibility for an owner-occupant or an immediate rental.
The property is described as conveniently located near major highways and a range of nearby amenities, including grocery stores, churches, and restaurants.
Two units are currently occupied on month-to-month leases with rents described as reasonable market-value rents. The 3rd-floor unit will be delivered vacant, offering flexibility for an owner-occupant or an immediate rental.
The property is described as conveniently located near major highways and a range of nearby amenities, including grocery stores, churches, and restaurants.
Key Highlights
- 3‑family multi‑unit property built in 1908
- Roof and all units updated within the last 10 years
- Off‑street parking for up to 4 vehicles
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 | $75.1k | $22.20 |
| − Vacancy | −$5.6k | −$1.67 |
| EGI | $69.5k | $20.54 |
| − OpEx | −$20.8k | −$6.16 |
| NOI | $48.6k | $14.37 |
3,384 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$694.9K
$608.0K – $810.7K
NOI $48,643 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$638.0K
$558.2K – $744.3K
NOI $44,658 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$997.8K
$873.1K – $1.16M
NOI $69,846 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained 3-family with off-street parking for up to four vehicles and roof and unit updates within the last 10 years.
Where is this triplex located?
The property is located at 105 Collette Street New Bedford, MA.
What is the asking price?
The asking price for this property is $714,999.
What are key features of this property?
This property features: 3‑family multi‑unit property built in 1908; Roof and all units updated within the last 10 years; Off‑street parking for up to 4 vehicles
