Fully Vacant Three-Unit
For Sale
$539,999
1272 Pleasant St, New Bedford, MA 02740
Fully vacant three-family with two-bedroom, one-bath units and recent mechanical, electrical, and plumbing updates.
Property Size1,842 SF
Price / SF$293.16
Days on Market19
Property Features for 1272 Pleasant St
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Boston
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 31 at 3:39AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
1272 Pleasant St is a fully vacant three-family residential income building. Each unit is configured with two bedrooms and one bathroom. The property has had multiple updates, including maintenance-free vinyl siding, three brand-new boilers, and updated electrical and plumbing throughout. A camera system is also in place for security.
The building is conveniently located minutes from the train station, with highway access and nearby shopping and restaurants.
Outside, the yard is paved, with potential to add a full driveway with a curb cut, subject to applicable approvals. This turn-key condition supports owner-occupancy or direct tenanting after completion of your plans.
The building is conveniently located minutes from the train station, with highway access and nearby shopping and restaurants.
Outside, the yard is paved, with potential to add a full driveway with a curb cut, subject to applicable approvals. This turn-key condition supports owner-occupancy or direct tenanting after completion of your plans.
Key Highlights
- Fully vacant three‑family built in 1890 with two‑bedroom, one‑bath units
- Updates include maintenance‑free vinyl siding and updated electrical and plumbing throughout
- 3 brand‑new boilers
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 | $40.9k | $22.20 |
| − Vacancy | −$3.1k | −$1.67 |
| EGI | $37.8k | $20.54 |
| − OpEx | −$11.3k | −$6.16 |
| NOI | $26.5k | $14.37 |
1,842 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.3K
$331.0K – $441.3K
NOI $26,478 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.1K
NOI $24,308 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
667
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?
Triplex - Fully vacant three-family with two-bedroom, one-bath units and recent mechanical, electrical, and plumbing updates.
Where is this triplex located?
The property is located at 1272 Pleasant St New Bedford, MA.
What is the asking price?
The asking price for this property is $539,999.
What are key features of this property?
This property features: Fully vacant three‑family built in 1890 with two‑bedroom, one‑bath units; Updates include maintenance‑free vinyl siding and updated electrical and plumbing throughout; 3 brand‑new boilers
