Two-Family Residential Income
135 Arnold Street New Bedford, MA 02740
135 Arnold Street, New Bedford, MA, 02740
$450,000
For Sale
$450,000
Well-maintained two-family with newer roof, upgraded electrical, off-street side parking, and a walk-up attic.
Property Size1,596 SF
Price / SF$281.95
Days on Market111
Property Features for 135 Arnold Street
General Information
- Standard status
- Active
- Size
- 1,596 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1886
Listing agency
revolv Real Estate
(508) 644-8995
Listed by
Jade Garcia · License #9582434
(508) 644-8995
Source
Compass
Added: Apr 4 Updated: Jul 22 at 10:18AM Checked: Jul 22 at 10:18AM
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 revolv Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers an investment or owner-occupant option and is currently set up for flexible occupancy. The newer roof and upgraded electrical panels were completed approximately two years ago, and the front hallway has been recently updated. The second-floor unit is empty and ready for immediate occupancy, and the property can be delivered vacant.
Off-street parking is available on the side of the house. A bonus walk-up attic includes a full door, providing potential to expand the second unit or possibly create an additional third unit, subject to buyer due diligence and city approvals.
Conveniently located near local amenities, shopping, and major routes, this property is suited for tenants or a live-in owner looking for additional income potential within a straightforward two-family layout.
Off-street parking is available on the side of the house. A bonus walk-up attic includes a full door, providing potential to expand the second unit or possibly create an additional third unit, subject to buyer due diligence and city approvals.
Conveniently located near local amenities, shopping, and major routes, this property is suited for tenants or a live-in owner looking for additional income potential within a straightforward two-family layout.
Key Highlights
- Well‑maintained two‑family home with a full walk‑up attic and full door for potential expansion, subject to buyer due diligence and city approvals
- Newer roof and upgraded electrical panels completed approximately two years ago
- Second‑floor unit is currently empty and ready for immediate occupancy; property can be delivered vacant
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 | $35.4k | $22.20 |
| − Vacancy | −$2.7k | −$1.67 |
| EGI | $32.8k | $20.54 |
| − OpEx | −$9.8k | −$6.16 |
| NOI | $22.9k | $14.37 |
1,596 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.7K
$286.8K – $382.4K
NOI $22,942 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$300.9K
$263.3K – $351.0K
NOI $21,062 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$470.6K
$411.8K – $549.0K
NOI $32,941 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family with newer roof, upgraded electrical, off-street side parking, and a walk-up attic.
Where is this duplex located?
The property is located at 135 Arnold Street New Bedford, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑maintained two‑family home with a full walk‑up attic and full door for potential expansion, subject to buyer due diligence and city approvals; Newer roof and upgraded electrical panels completed approximately two years ago; Second‑floor unit is currently empty and ready for immediate occupancy; property can be delivered vacant
