Historic District Duplex with
For Sale
$515,000
126 Ash Street, New Bedford, MA 02740
Two-unit property with separate utilities, off-street parking, and flexible storage areas.
Property Size1,977 SF
Price / SF$260.50
Days on Market206
Property Features for 126 Ash Street
General Information
Standard status
Active
Size
1,977 SF
Total Parking Spaces
5
Property subtype
Multi-family / 2 Family
Zoning
RA
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,784
Amenities
hardwood floors
basement with laundry hook-ups
front porch
back deck
attic
City/Town Sewer, Public, for Gas Range
No
Wood
1
Yes
2.0
Full, Interior Access, Bulkhead
2
2.00
Fenced
Frame
Shingle
Fenced Yard, Porch, Deck
Porch, Deck
Building Details
Year Built
1863
Tenancy
Multi
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO
(774) 992-0297
Source:
Compass
Added: Feb 7
Changed: Aug 30
Last Checked: Aug 30 at 8:46PM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
Built in 1863, this two-family property offers 1,977 square feet with spacious bedrooms, hardwood floors, and forced-hot-air heat serving both units. The layout includes a clean, dry basement with laundry hookups, a full-access bulkhead, and a third-floor walk-up attic that can provide additional storage or adaptable space. A detached garage, fenced yard, front porch, back deck, and off-street parking for three cars add functional exterior amenities.
The property is located within the County Street Historic District in New Bedford, positioned one-half mile from St. Luke’s and approximately one mile from both the waterfront and Buttonwood Park. The commuter train is also in New Bedford. Both units are occupied by long-term tenants on an at-will basis, with separate utilities and a house meter. Recent property work includes fresh exterior paint, a roof approximately 10 years old, and a new roof over the front porch.
The property is located within the County Street Historic District in New Bedford, positioned one-half mile from St. Luke’s and approximately one mile from both the waterfront and Buttonwood Park. The commuter train is also in New Bedford. Both units are occupied by long-term tenants on an at-will basis, with separate utilities and a house meter. Recent property work includes fresh exterior paint, a roof approximately 10 years old, and a new roof over the front porch.
Key Highlights
- Two‑family property with 1,977 SF and a detached garage
- Off‑street parking for 3 cars, plus a fenced yard, porch, and deck
- Clean, dry basement with laundry hookups and full interior access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,360
$568.4K
Cap Rate 7%
$405,971
$406.0K
Cap Rate 9%
$315,756
$315.8K
Market Conditions
NOI Build-Up for 1,977 SF
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.
Gross rent
$43.9K $22.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$40.6K $20.54/SF
− OpEx
−$12.2K −$6.16/SF
NOI
$28.4K $14.37/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,360
Cap Rate 7%
$405,971
Cap Rate 9%
$315,756
Alternative Uses
Best Use
Multifamily LT 5
$406.0K
$355.2K – $473.6K
NOI $28,418 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$372.7K
$326.1K – $434.8K
NOI $26,090 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$582.9K
$510.1K – $680.1K
NOI $40,805 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate utilities, off-street parking, and flexible storage areas.
Where is this duplex located?
The property is located at 126 Ash Street New Bedford, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑family property with 1,977 SF and a detached garage; Off‑street parking for 3 cars, plus a fenced yard, porch, and deck; Clean, dry basement with laundry hookups and full interior access
