Townhouse-Style Duplex Income
129-131 State Street, New Bedford, MA 02740
MULTI_FAMILY - New Bedford, MA
Property size:
3,774 SFLot size:
0.10 AcresPrice / SF:
$192/SF- Added:
- Jun 25, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 6 at 3:06 am
Property Features for 129-131 State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4
- Parking
- 2
- Standard status
- Active
- APN
- M:0072 L:0078,2895233
- Size
- 3,774 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8019
Building Details
- Year built
- 2005
- Floors in Building
- 6
- Number of units
- 2
Listing office Keller Williams Elite 25 Messenger Street, 2nd Floor, Plainville, MA (508) 695-4545
Listing date Jun 25, 2026
MLS# 73541673
Listing URL
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.
HighLights
- Duplex/townhouse‑style property built in 2005 with spacious living across three levels
- Two units combined: 7 bedrooms, 5 full baths, and 2 half baths
- Modern kitchens in each unit with upgraded cabinetry and granite countertops
- Partially finished basement in one unit for additional living space
- Private rear decks for outdoor dining, relaxing, or entertaining
Overview
This townhouse-style duplex features spacious living across three levels, along with a partially finished basement in one unit for added flexibility. Across the two units, the property includes 7 bedrooms, 5 full baths, and 2 half baths, with generous room sizes throughout. Both units have modern kitchens with upgraded cabinetry and granite countertops, supporting functional daily living. Private rear decks provide outdoor space for dining, relaxing, or entertaining.
Located at 129-131 State Street in New Bedford, the property is described as being within walking distance to Clasky Park, with access to major highways. It is also positioned near shopping, schools, and other area amenities.
The configuration is well suited for owner-occupants who want rental help while living in one unit, or for investors seeking a multi-unit residential income property. The presence of a partially finished basement in one unit may also appeal to tenants or owners looking for additional usable space without changing the overall two-unit layout. The RB zoning designation supports the property’s residential income use as presented.
Located at 129-131 State Street in New Bedford, the property is described as being within walking distance to Clasky Park, with access to major highways. It is also positioned near shopping, schools, and other area amenities.
The configuration is well suited for owner-occupants who want rental help while living in one unit, or for investors seeking a multi-unit residential income property. The presence of a partially finished basement in one unit may also appeal to tenants or owners looking for additional usable space without changing the overall two-unit layout. The RB zoning designation supports the property’s residential income use as presented.
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.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.93018
- Latitude
- 41.645586
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex/townhouse-style property with two units, multiple bedrooms and baths, and private rear decks for flexible living or renting.
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: Duplex/townhouse‑style property built in 2005 with spacious living across three levels; Two units combined: 7 bedrooms, 5 full baths, and 2 half baths; Modern kitchens in each unit with upgraded cabinetry and granite countertops
