Two-Family Residential Income
1083-1085 County St New Bedford, MA 02746
1083-1085 County St, New Bedford, MA, 02746
$509,000
For Sale
$509,000
Oversized two-family with expansive units and two-year-old ductless mini-split heating and cooling systems.
Property Size3,000 SF
Price / SF$169.67
Days on Market28
Property Features for 1083-1085 County St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1923
Listing agency
(508) 542-6200
Listed by
Tasha Cordero
(508) 542-6200
Source
Elliman
Added: Jun 24 Updated: Jul 21 at 2:06AM Checked: Jul 21 at 5:42AM
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 Tasha Cordero
Investment Insights
Based on property information with market context.
This oversized two-family residential income property offers nearly 3,000 square feet of combined living space across two units. The units provide expansive layouts, making the property well-suited for investors or owner-occupants seeking rental flexibility. Mechanical improvements include brand-new heating and cooling systems installed roughly two years ago, with energy-efficient ductless mini-splits serving both units.
Located at 1083–1085 County St in New Bedford, MA 02746, the property benefits from a walkable setting, with bike and transit scores noted in the provided information.
With a substantial total footprint and recently upgraded HVAC throughout, the building is positioned for buyers looking to generate income while addressing future interior updates as desired.
Located at 1083–1085 County St in New Bedford, MA 02746, the property benefits from a walkable setting, with bike and transit scores noted in the provided information.
With a substantial total footprint and recently upgraded HVAC throughout, the building is positioned for buyers looking to generate income while addressing future interior updates as desired.
Key Highlights
- Oversized two‑family built in 1923 with nearly 3,000 sq ft total
- Expansive units with space designed for rental income and flexibility
- Brand‑new heating and cooling installed about two years ago
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 | $66.6k | $22.20 |
| − Vacancy | −$5.0k | −$1.67 |
| EGI | $61.6k | $20.54 |
| − OpEx | −$18.5k | −$6.16 |
| NOI | $43.1k | $14.37 |
3,000 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$565.6K
$494.9K – $659.8K
NOI $39,590 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Oversized two-family with expansive units and two-year-old ductless mini-split heating and cooling systems.
Where is this duplex located?
The property is located at 1083-1085 County St New Bedford, MA.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Oversized two‑family built in 1923 with nearly 3,000 sq ft total; Expansive units with space designed for rental income and flexibility; Brand‑new heating and cooling installed about two years ago
