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Two-Family Residential Income

105 Thompson St New Bedford, MA 02740

105 Thompson St, New Bedford, MA, 02740
$529,777
Pending
For Sale
$529,777
Pending

Two-unit home with four levels of living space, 6 bedrooms, and 4 full bathrooms.

Property Size2,152 SF
Days on Market15

Property Features for 105 Thompson St

General Information

Standard status
Pending
Size
2,152 SF
Property subtype
Multi Family

Building Details

Year Built
1897
Listing agency Vicente Realty, LLC
Listed by Adelino Vicente
Source Iverty
Added: Jul 9 Updated: Jul 22 at 2:36PM Checked: Jul 23 at 5:13AM

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 Vicente Realty, LLC


Investment Insights

Based on property information with market context.

This two-family residential property offers four levels of living space and a total of 6 bedrooms and 4 full bathrooms. Each unit provides a functional layout with generous living areas designed to support comfortable day-to-day use.

The home is offered for sale as a versatile owner-occupant or investor option. The configuration also suits multi-generational living needs, with separate units within the same building.

With its straightforward two-unit setup and overall bedroom and bathroom count, the property presents an opportunity for buyers seeking a duplex-style arrangement in a single structure.

Key Highlights

  • Two‑family home built in 1897 with four levels of living space
  • Total of 6 bedrooms across both units
  • Total of 4 full bathrooms across both units

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 $47.8k $22.20
− Vacancy −$3.6k −$1.67
EGI $44.2k $20.54
− OpEx −$13.3k −$6.16
NOI $30.9k $14.37
2,152 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$441.9K
$386.7K – $515.6K (±1% cap)
NOI $30,934 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$405.7K
$355.0K – $473.3K (±1% cap)
NOI $28,399 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K (±1% cap)
NOI $44,417 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Computer & Electronic Repair (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center Catering Service Home Appliance Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit home with four levels of living space, 6 bedrooms, and 4 full bathrooms.
Where is this duplex located?
The property is located at 105 Thompson St New Bedford, MA.
What is the asking price?
The asking price for this property is $529,777.
What are key features of this property?
This property features: Two‑family home built in 1897 with four levels of living space; Total of 6 bedrooms across both units; Total of 4 full bathrooms across both units
Contact an agent
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