Well-Maintained Four-Unit Multifamily
For Sale
$699,900
Pending
50-52 Princeton St, New Bedford, MA 02745
Four-unit residential income property with lead-certified units and landlord-owned appliances, offered turnkey for investors.
Property Size3,818 SF
Days on Market46
Property Features for 50-52 Princeton St
General Information
Standard status
Pending
Size
3,818 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,482
Building Details
Building Size
3,818 SF
Year Built
1909
Stories
9
Units
4
Tenancy
Multi
Listing Agency:
(774) 263-1830
Listed By:
Donald Sylvia · License #451501447
(774) 263-1830
Source:
Elliman
Added: Jul 6
Changed: Aug 14
Last Checked: Aug 14 at 7:09AM
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 Donald Sylvia
Investment Insights
Based on property information with market context.
This well-maintained four-family multifamily property is laid out with two spacious 3-bedroom, 1-bath units on the first and second floors, and 1-bedroom units on the third and fourth floors. All units are described as lead certified, and the appliances are owned by the landlord, supporting an operating model that can be managed with minimal upfront unit-level changes.
The building is located near Brooklawn Park in New Bedford and is positioned for convenient access to parks, schools, shopping, and major highways. The remarks also cite proximity to the downtown waterfront and the South Coast Rail commuter service, which provides direct access to Boston.
For investors, this configuration offers a blend of family-sized and smaller apartment layouts within a single 4-unit structure. The property is presented with below-market rents, which may be of interest to buyers seeking a straightforward path to improving income through updated market positioning and ongoing operations. With the asset described as turnkey, it is offered as a ready-to-manage residential income building for qualified buyers and brokers.
The building is located near Brooklawn Park in New Bedford and is positioned for convenient access to parks, schools, shopping, and major highways. The remarks also cite proximity to the downtown waterfront and the South Coast Rail commuter service, which provides direct access to Boston.
For investors, this configuration offers a blend of family-sized and smaller apartment layouts within a single 4-unit structure. The property is presented with below-market rents, which may be of interest to buyers seeking a straightforward path to improving income through updated market positioning and ongoing operations. With the asset described as turnkey, it is offered as a ready-to-manage residential income building for qualified buyers and brokers.
Key Highlights
- Well‑maintained 4‑family income property built in 1909
- Unit mix: first/second floors each have 3BR/1BA, and third/fourth floors have 1BR units
- All units are lead certified
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Specialty property - Four-unit residential income property with lead-certified units and landlord-owned appliances, offered turnkey for investors.
Where is this specialty property located?
The property is located at 50-52 Princeton St New Bedford, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Well‑maintained 4‑family income property built in 1909; Unit mix: first/second floors each have 3BR/1BA, and third/fourth floors have 1BR units; All units are lead certified
