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    9 Abbott St New Bedford, MA 02744

    For Sale
    $475,000

    Three-unit property near the Cove with value-add potential.

    Lot size:
    0.07 Acres

    Property Features for 9 Abbott St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1896

    Source: Bold Real Estate Inc. Agent Patricia McArdle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rare Multifamily Investment Opportunity

    This three-unit multifamily property presents an investment opportunity in a desirable location near the Cove. Each unit includes 2 bedrooms and 1 bathroom. The units have separate gas and electric meters. The property is currently occupied by long-term tenants-at-will and generates income with undermarket rents. Deferred maintenance provides an opportunity to renovate, rebrand, and reposition the property. Located on a quiet street, the property offers easy access to the Covewalk and hurricane barriers. Public transportation, restaurants, banks, and everyday conveniences are nearby.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9133598
    Latitude
    41.616005

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near the Cove with value-add potential.
    Where is this triplex located?
    The property is located at 9 Abbott St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Significant upside potential through rent adjustments.; - Desirable location near the Cove, Covewalk, hurricane barriers, public transportation, restaurants, and everyday conveniences.; - Three separate units, each with 2 bedrooms and 1 bathroom.
    (508) 345-8440
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    9 Abbott St New Bedford, MA 02744
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    New Bedford, MA 02744
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9 Abbott St New Bedford, MA 02744
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