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    153 Belleville Ave New Bedford, MA 02746

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    For Sale
    $1,449,995

    10-unit multifamily property with strong cash flow and upside.

    Lot size:
    0.18 Acres

    Property Features for 153 Belleville Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1920

    Source: Four Points Real Estate, LLC Agent Candor Realty Group

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

    Overview

    Turnkey Multifamily Investment Opportunity

    This turnkey 10-unit multifamily property is located in a desirable rental corridor of New Bedford. The property generates a strong in-place cash flow, currently producing $14,705 per month, with one vacancy being marketed to bring stabilized income to over $16,000 per month. Market rents support over $17,000 per month. The unit mix includes seven 3-bedroom units and three 2-bedroom units, all with full kitchens and baths. Several units have been updated. The property is well maintained, featuring vinyl siding, an asphalt roof, and off-street parking. All ten units are separately metered for electric. Most tenants are tenants-at-will. Situated on a 0.18-acre lot, the building offers 10,576 square feet of living space. The property is centrally located near downtown, transit, restaurants, and major routes, offering stable returns.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9239534
    Latitude
    41.6565415

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    FAQs

    What type of property is this?
    Apartment building - 10-unit multifamily property with strong cash flow and upside.
    Where is this apartment building located?
    The property is located at 153 Belleville Ave New Bedford, MA.
    What is the asking price?
    The asking price for this property is $1,449,995.
    What are key features of this property?
    This property features: - Strong in-place cash flow with immediate upside potential to over $17,000/month.; - Turnkey 10-unit multifamily property in a desirable rental corridor.; - Attractive mix of seven 3-bedroom and three 2-bedroom units, all with full kitchens and baths.
    (978) 710-5616
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    153 Belleville Ave New Bedford, MA 02746
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    New Bedford, MA 02746
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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
    153 Belleville Ave New Bedford, MA 02746
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