Three-Unit Triplex with New
1272 Pleasant St, New Bedford, MA 02740
For Sale
New
$475,000
Residential Income, New Bedford, MA
Property Size1,842 SF
Lot Size0.08 Acres
Price / SF$257.87
Days on Market4
Property Features for 1272 Pleasant St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
camera system
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 7 at 7:06AM
MLS# 73598989
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,842-square-foot triplex contains three vacant apartments, each with two bedrooms and one bathroom. Built in 1890, the property has vinyl siding, three newly installed boilers, and updated electrical and plumbing systems. A camera system is also in place.
The 0.0796-acre parcel has a paved yard, with potential for a full driveway and curb cut. The property is zoned MUB and is located minutes from train service, highway access, shopping, and restaurants.
The 0.0796-acre parcel has a paved yard, with potential for a full driveway and curb cut. The property is zoned MUB and is located minutes from train service, highway access, shopping, and restaurants.
Key Highlights
- Three vacant apartments, each with 2 bedrooms and 1 bathroom
- 1,842 square feet on a 0.0796‑acre parcel
- Three new boilers; electrical and plumbing updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,478
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,560
$529.6K
Cap Rate 7%
$378,257
$378.3K
Cap Rate 9%
$294,200
$294.2K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$40.9K $22.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$37.8K $20.54/SF
− OpEx
−$11.3K −$6.16/SF
NOI
$26.5K $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 Rate 5%
$529,560
Cap Rate 7%
$378,257
Cap Rate 9%
$294,200
Alternative Uses
Best Use
Multifamily LT 5
$378.3K
$331.0K – $441.3K
NOI $26,478 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.1K
NOI $24,308 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
3
Residential units
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
$303,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in New Bedford, MA
Properties on Market for Triplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are vacant and configured with two bedrooms and one bathroom apiece.
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 $475,000.
What are key features of this property?
This property features: Three vacant apartments, each with 2 bedrooms and 1 bathroom; 1,842 square feet on a 0.0796‑acre parcel; Three new boilers; electrical and plumbing updated
