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    Spacious Three-Family Property Title is generated by Realmo AI

    131 Whitman St, New Bedford, MA 02745

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    Claim this Listing
    Pending
    $649,900

    MULTI_FAMILY - New Bedford, MA

    Property size:
    3,360 SF
    Lot size:
    0.10 Acres
    Added:
    May 22, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 7 at 4:06 pm

    Property Features for 131 Whitman St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MUB
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 1, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 3, Bathroom 1
    Parking
    9
    Standard status
    Pending
    APN
    M:0106 L:0078,2900279
    Size
    3,360 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5586

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    3

    We can help!

    Contact an agent
    Eddie Lopez
    Eddie Lopez

    Listing agent Eddie Lopez

    Listing office RE/MAX Vantage 77 State Road, Boston, MA

    Listing date May 22, 2026

    MLS# 73522847 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

    • Three‑family property built in 1890
    • Three‑bedroom, one‑bath units in each apartment
    • Separate utilities for each unit
    • Space heaters in each unit
    • Full basement for additional storage, with laundry available in the basement
    • Three‑car garage; 2 of the garage stalls are currently rented, plus large accessible attic

    Overview

    This well-maintained three-family property features spacious three-bedroom, one-bath units in each apartment. It offers a versatile investment or owner-occupant opportunity with separate utilities and space heaters in each unit. Additional storage is available in the full basement, and there is a rare three-car garage along with ample off-street parking. Laundry facilities are located in the basement, and there is a large accessible attic. The property is conveniently located close to the commuter rail, shopping, parks, and the waterfront, making it ideal for tenants and commuters. The lot size is 0.0985 acres. The property size is 3360 square feet. Two of the garage stalls are currently rented. The zoning is MUB. The property is located in New Bedford, Massachusetts, in Bristol County.

    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 $74.6k $22.20
    − Vacancy −$5.6k −$1.67
    EGI $69.0k $20.54
    − OpEx −$20.7k −$6.16
    NOI $48.3k $14.37
    3,360 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $690.0K
    $603.7K – $805.0K (±1% cap)
    NOI $48,298 @ 7.0% cap · market cap 7.43%
    Second Best
    Apartment 5plus
    $633.4K
    $554.3K – $739.0K (±1% cap)
    NOI $44,341 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Office A
    $990.7K
    $866.9K – $1.16M (±1% cap)
    NOI $69,350 @ 7.0% cap · market cap 10.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Daycare Center Dental Office Acupuncture Hotel & Motel Accounting Firm Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.926858
    Latitude
    41.66766

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    FAQs

    What type of property is this?
    Triplex - Well-maintained three-family property with three-car garage and ample parking.
    Where is this triplex located?
    The property is located at 131 Whitman St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Three‑family property built in 1890; Three‑bedroom, one‑bath units in each apartment; Separate utilities for each unit
    (508) 999-4424
    We can help!
    Contact an agent
    Eddie Lopez
    Eddie Lopez
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