Mixed-Use Building with Ground-Floor
New
For Sale
$749,900
1136-1140 Acushnet Ave, New Bedford, MA 02746
Upper-floor apartments each offer three bedrooms and one bathroom, with residents on month-to-month leases.
Property Size1,896 SF
Days on Market5
Property Features for 1136-1140 Acushnet Ave
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Commercial
Building Details
Building Size
1,896 SF
Year Built
1896
Tenancy
Multi
Listing Agency:
Innovations Realty
(401) 414-7414
Listed By:
Juan Tejada · License #RES.0043560
(401) 261-7403
Source:
Iverty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 7:36PM
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 Innovations Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines a ground-floor commercial unit with residential apartments on the upper levels. Each apartment has three bedrooms and one bathroom, providing a consistent unit layout throughout the residential portion.
The building dates to 1896. Residential tenants occupy the apartments under month-to-month leases.
The building dates to 1896. Residential tenants occupy the apartments under month-to-month leases.
Key Highlights
- Ground‑floor commercial unit
- Upper‑level residential units each have 3 bedrooms and 1 bathroom
- Residential tenants are on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,021
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,420
$500.4K
Cap Rate 7%
$357,443
$357.4K
Cap Rate 9%
$278,011
$278.0K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$48.9K $25.80/SF
− Vacancy
−$3.4K −$1.81/SF
EGI
$45.5K $23.99/SF
− OpEx
−$20.5K −$10.80/SF
NOI
$25.0K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,420
Cap Rate 7%
$357,443
Cap Rate 9%
$278,011
Alternative Uses
Best Use
Apartment 5plus
$357.4K
$312.8K – $417.0K
NOI $25,021 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$351.2K
$307.3K – $409.8K
NOI $24,586 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$559.0K
$489.2K – $652.2K
NOI $39,133 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-floor apartments each offer three bedrooms and one bathroom, with residents on month-to-month leases.
Where is this mixed-use property located?
The property is located at 1136-1140 Acushnet Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Ground‑floor commercial unit; Upper‑level residential units each have 3 bedrooms and 1 bathroom; Residential tenants are on month‑to‑month leases
