Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    192 Walnut St New Bedford, MA 02740

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Rooming house with 10 rooms, 3 baths, close to amenities.

    Property size:
    2,443 SF
    Lot size:
    0.05 Acres

    Property Features for 192 Walnut St

    General Information

    Standard status
    Active
    Size
    2,443 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1879

    We can help!

    Listing Contact
    Team Roso
    Source: Exitrealty

    Listing Agency: RE/MAX Vantage Listing Agent: Team Roso

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

    Learn more

    Overview

    Spacious Rooming House Investment Opportunity

    This spacious rooming house in New Bedford presents an investment opportunity. The property features 10 rooms and 3 full bathrooms, designed to accommodate multiple occupants. Vinyl siding ensures low maintenance and durability. The layout includes well-proportioned rooms and shared facilities. The property is located in close proximity to major highways, medical facilities, and shopping centers, offering accessibility to essential services and amenities. The property size is 2443 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9257868
    Latitude
    41.6316378

    Nearby Similar for Sale

    • New
      $685,000
      4,056 SF

      New Bedford Multifamily Investment Opportunity

      Six-unit multifamily property with value-add potential in New Bedford, MA.
      20 Lafrance Ct, New Bedford, MA 02740
      View Details
    • New
      $650,000
      3,078 SF

      Spacious Three-Family Home Investment

      Well-maintained New Bedford three-family with recent updates and convenient location.
      447 Ash St, New Bedford, MA 02740
      View Details
    • $650,000
      3,253 SF

      New Bedford Multifamily Investment Opportunity

      Renovated 3-family in desirable West End location.
      111 Hillman St, New Bedford, MA 02740
      View Details
    • $489,000
      2,580 SF

      New Bedford Two-Family Home

      Well-maintained two-family home in New Bedford with updated unit.
      273 Purchase St, New Bedford, MA 02740
      View Details
    • New
      $639,900
      3,042 SF

      New Bedford Triplex For Sale

      Three-unit property with updated features and recent improvements.
      27 Nelson St, New Bedford, MA 02744
      View Details
    • $499,900
      2,590 SF

      Updated Two-Family Home

      Well-maintained two-family home with modern updates and investment potential.
      58 Court St, New Bedford, MA 02740
      View Details
    • $590,000
      2,388 SF

      New Bedford Multifamily Investment Opportunity

      Four-unit multifamily property in New Bedford with three vacant units.
      88 Linden St, New Bedford, MA 02740
      View Details
    • New
      $579,000
      2,443 SF

      New Bedford Rooming House Investment

      Spacious 10-room rooming house with individual amenities in New Bedford.
      192 Walnut St, New Bedford, MA 02740
      View Details
    • New
      $599,999
      2,039 SF

      Well-Maintained Multifamily Property

      Multifamily property with renovated basement and new roof.
      208 State St, New Bedford, MA 02710
      View Details
    • $550,000
      1,982 SF

      New Bedford Multifamily Property For Sale

      Multifamily property in New Bedford, MA, ideal for residential income.
      69 Myrtle St, New Bedford, MA 02740
      View Details
    • $584,900
      1,812 SF

      Renovated Two-Family with Cottage Potential

      Completely renovated two-family with cottage-style setup and customizable basement.
      150 Blackmer St, New Bedford, MA 02744
      View Details
    • $700,000
      Pending

      New Bedford Commercial Property For Sale

      Commercial property in high-traffic area, ideal for automotive or industrial.
      347 Dartmouth St, New Bedford, MA 02740
      View Details

    FAQs

    What type of property is this?
    Apartment building - Rooming house with 10 rooms, 3 baths, close to amenities.
    Where is this apartment building located?
    The property is located at 192 Walnut St New Bedford, MA.
    What are key features of this property?
    This property features: - Prime location near major highways, medical facilities, and shopping centers; - Spacious 10-room rooming house offering versatility; - Excellent investment opportunity with high rental potential
    (774) 992-0297
    Request Owner's contact information
    192 Walnut St New Bedford, MA 02740
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    192 Walnut St
    New Bedford, MA 02740
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    192 Walnut St New Bedford, MA 02740
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Team Roso
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!