Three-Level Duplex with Private
129-131 State Street, New Bedford, MA 02740
Townhouse-style duplex offers two units with modern kitchens and private rear decks for flexible living or rental use.
Type:Multi-family
Property size:
3,774 SFPrice / SF:
$192/SF- Added:
- Jun 21, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 4 at 2:07 am
Property Features for 129-131 State Street
General Information
- Standard status
- Active
- Size
- 3,774 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2005
Listing office Keller Williams Elite
Listing date Jun 21, 2026
Source Cabotandcompany
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 Keller Williams Elite
HighLights
- Townhouse‑style duplex with two units across three levels, plus a partially finished basement in one unit
- Two units offer a total of 7 bedrooms, 5 full baths, and 2 half baths
- Modern kitchens in each unit with upgraded cabinetry and granite countertops
- Private rear decks for each unit
- Year built: 2005
Overview
This duplex/townhouse-style property provides spacious living across three levels, with a partially finished basement in one unit that can support extended use. Combined across both units, the home offers seven bedrooms, five full bathrooms, and two half bathrooms, with generous room sizes throughout. Kitchens feature upgraded cabinetry and granite countertops, supporting a more modern, functional daily routine. Both units also include private rear decks for outdoor relaxing, dining, or entertaining.
The property is conveniently located within walking distance to Clasky Park, with close access to major highways and everyday destinations such as shopping, schools, and area amenities.
With two distinct units, this layout can accommodate owner-occupants seeking additional space alongside rental income, as well as investors looking for a flexible multi-unit configuration. The combination of multiple bedrooms and bathrooms, updated kitchen finishes, and outdoor deck space makes the property well-suited for tenants and households that value room to spread out.
The property is conveniently located within walking distance to Clasky Park, with close access to major highways and everyday destinations such as shopping, schools, and area amenities.
With two distinct units, this layout can accommodate owner-occupants seeking additional space alongside rental income, as well as investors looking for a flexible multi-unit configuration. The combination of multiple bedrooms and bathrooms, updated kitchen finishes, and outdoor deck space makes the property well-suited for tenants and households that value room to spread out.
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 | $83.8k | $22.20 |
| − Vacancy | −$6.3k | −$1.67 |
| EGI | $77.5k | $20.54 |
| − OpEx | −$23.2k | −$6.16 |
| NOI | $54.2k | $14.37 |
3,774 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$711.5K
$622.6K – $830.1K
NOI $49,804 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.11M
$973.7K – $1.30M
NOI $77,895 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9301763
- Latitude
- 41.6455922
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Townhouse-style duplex offers two units with modern kitchens and private rear decks for flexible living or rental use.
Where is this duplex located?
The property is located at 129-131 State Street New Bedford, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Townhouse‑style duplex with two units across three levels, plus a partially finished basement in one unit; Two units offer a total of 7 bedrooms, 5 full baths, and 2 half baths; Modern kitchens in each unit with upgraded cabinetry and granite countertops
