Updated Two-Family
124 Washington St New Bedford, MA 02740
124 Washington St, New Bedford, MA, 02740
$549,000
For Sale
$549,000
Two-family home with three bedrooms per unit, updated bathrooms, vinyl siding, and a fully fenced yard.
Property Size2,128 SF
Price / SF$257.99
Days on Market42
Property Features for 124 Washington St
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1871
Listing agency
Century 21 Mario Real Estate
(508) 677-5570
Listed by
Veraluxe Team
(508) 677-5570
Source
Alliancepartnersre
Added: Jun 10 Updated: Jul 20 at 4:56PM Checked: Jul 20 at 4:56PM
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 Century 21 Mario Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family residence features three bedrooms in each unit and updated modern bathrooms. The exterior includes durable vinyl siding and a low-maintenance approach, complemented by a fully fenced yard that provides private outdoor space.
The first-floor unit can be delivered vacant, which may suit an owner-occupant preference. The second-floor unit has a reliable tenant in place, offering flexibility for investors and owner-occupants.
Located at 124 Washington St in New Bedford, the property presents a straightforward duplex configuration with clear unit-by-unit differences in current occupancy status.
The first-floor unit can be delivered vacant, which may suit an owner-occupant preference. The second-floor unit has a reliable tenant in place, offering flexibility for investors and owner-occupants.
Located at 124 Washington St in New Bedford, the property presents a straightforward duplex configuration with clear unit-by-unit differences in current occupancy status.
Key Highlights
- Two‑family home built in 1871 with 3 bedrooms in each unit
- Updated modern bathrooms in both units
- Durable vinyl siding with low‑maintenance exterior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $22.20 |
| − Vacancy | −$3.5k | −$1.67 |
| EGI | $43.7k | $20.54 |
| − OpEx | −$13.1k | −$6.16 |
| NOI | $30.6k | $14.37 |
2,128 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$401.2K
$351.0K – $468.1K
NOI $28,083 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$627.5K
$549.0K – $732.0K
NOI $43,922 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with three bedrooms per unit, updated bathrooms, vinyl siding, and a fully fenced yard.
Where is this duplex located?
The property is located at 124 Washington St New Bedford, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑family home built in 1871 with 3 bedrooms in each unit; Updated modern bathrooms in both units; Durable vinyl siding with low‑maintenance exterior
