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New Bedford Triplex Investment Opportunity

111 Hillman St, New Bedford, MA 02740

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For Sale

$650,000

Renovated 3-family property in New Bedford's desirable West End.

Type:Investment

Property size:

3,412 SF

Price / SF:

$190/SF

HighLights

Strong investment opportunity with rental appeal in the desirable West End of New Bedford.
Three renovated units (renovated within the past 5 years) with a total of 8 bedrooms and 3 full baths.
Recent updates include new siding, new windows on 2nd and 3rd floor, and two new boilers with baseboard heat.
Convenient location near downtown and public transportation (walkScore: 84, Very Walkable).
Easy access to highway and MBTA station to Boston (4 minutes by car).
Potential for off‑street parking.

We can help!

Listing Contact

Gary Castino

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For Sale

$650,000

Renovated 3-family property in New Bedford's desirable West End.

Type:Investment

Property size:

3,412 SF

Price / SF:

$190/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 4:46 pm

Property Features for 111 Hillman St

General Information

Standard status: Active
Size: 3,412 SF
Property subtype: Investment

Building Details

Year Built: 1886

We can help!

Listing Contact

Gary Castino

Listing agent Gary Castino

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Gary Castino

HighLights

Strong investment opportunity with rental appeal in the desirable West End of New Bedford.
Three renovated units (renovated within the past 5 years) with a total of 8 bedrooms and 3 full baths.
Recent updates include new siding, new windows on 2nd and 3rd floor, and two new boilers with baseboard heat.
Convenient location near downtown and public transportation (walkScore: 84, Very Walkable).
Easy access to highway and MBTA station to Boston (4 minutes by car).
Potential for off‑street parking.

Overview

This 3-family property is located in the West End of New Bedford. The building offers 3,412 square feet, and includes 8 bedrooms and 3 full baths. All three units have been renovated within the past 5 years. Updates include new siding and new windows on the 2nd and 3rd floor. Two new boilers with baseboard heat have been installed. The location is near downtown and public transportation. Highway access is nearby, and the MBTA station to Boston is a short drive away. The property has a bike score of 66, indicating it is bikeable, a walk score of 84, indicating it is very walkable, and a transit score of 33, indicating some transit options are available. There is potential for off-street parking.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.7k	$22.20
− Vacancy	−$5.7k	−$1.67
EGI	$70.1k	$20.54
− OpEx	−$21.0k	−$6.16
NOI	$49.0k	$14.37

3,412 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$700.7K

$613.1K – $817.4K (±1% cap)

NOI $49,046 @ 7.0% cap · market cap 7.55%

Second Best

Apartment 5plus

$643.2K

$562.8K – $750.5K (±1% cap)

NOI $45,027 @ 7.0% cap · market cap 6.93%

Theoretical Best

Office A

$1.01M

$880.3K – $1.17M (±1% cap)

NOI $70,424 @ 7.0% cap · market cap 10.83%

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

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Bedford
County: Bristol
State: Massachusetts
Longitude: -70.9316227
Latitude: 41.6395381

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For sale
Triplexes
MA
New Bedford
02740
111 Hillman St

What type of property is this?

Triplex - Renovated 3-family property in New Bedford's desirable West End.

Where is this triplex located?

The property is located at 111 Hillman St New Bedford, MA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Strong investment opportunity with rental appeal in the desirable West End of New Bedford.; Three renovated units (renovated within the past 5 years) with a total of 8 bedrooms and 3 full baths.; Recent updates include new siding, new windows on 2nd and 3rd floor, and two new boilers with baseboard heat.