Three-Family Residential
115 Thompson St New Bedford, MA 02740
New
115 Thompson St, New Bedford, MA, 02740
$630,000
For Sale
$630,000
MULTI_FAMILY - New Bedford, MA
Property Size2,532 SF
Lot Size0.06 Acres
Price / SF$248.82
Days on Market2
Property Features for 115 Thompson St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 8, Bedroom 7, Bathroom 2
- Standard status
- Active
- APN
- M:0030 L:0357,2887383
- Size
- 2,532 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5094
Building Details
- Year built
- 1896
- Floors in Building
- 3
- Number of units
- 3
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Eddie Lopez
(508) 999-4424
Added: Jul 20 Updated: Jul 21 at 3:32AM Checked: Jul 21 at 9:06AM
MLS# 73552185
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained three-family residential income property offers flexible living and rental options. The first-floor unit features three bedrooms, one bathroom, and a private back deck. The second-floor unit also provides three bedrooms and one bathroom and will be delivered vacant. The third-floor unit includes two bedrooms and one bathroom.
The property is located in New Bedford, MA, at 115 Thompson St, convenient to local amenities and major routes.
Zoned RC, the building contains three separate residential units totaling approximately 2,532 square feet of property size on a 0.0606-acre lot.
The property is located in New Bedford, MA, at 115 Thompson St, convenient to local amenities and major routes.
Zoned RC, the building contains three separate residential units totaling approximately 2,532 square feet of property size on a 0.0606-acre lot.
Key Highlights
- Three‑family property built in 1896
- First‑floor unit: 3 bedrooms, 1 bathroom, plus a private back deck
- Second‑floor unit: 3 bedrooms, 1 bathroom and will be delivered vacant
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 | $56.2k | $22.20 |
| − Vacancy | −$4.2k | −$1.67 |
| EGI | $52.0k | $20.54 |
| − OpEx | −$15.6k | −$6.16 |
| NOI | $36.4k | $14.37 |
2,532 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.9K
$455.0K – $606.6K
NOI $36,396 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$477.3K
$417.7K – $556.9K
NOI $33,414 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$746.6K
$653.3K – $871.0K
NOI $52,260 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family property featuring two full 3-bedroom units and one 2-bedroom unit with private deck space.
Where is this triplex located?
The property is located at 115 Thompson St New Bedford, MA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Three‑family property built in 1896; First‑floor unit: 3 bedrooms, 1 bathroom, plus a private back deck; Second‑floor unit: 3 bedrooms, 1 bathroom and will be delivered vacant
