Building Details

Building Size 1,812 SF

Year Built 1884

Stories 2

Listing Agency: RE/MAX Vantage Show Phone

Listed By: Team ROSO Show Phone

Source: Churchillprop

Added: Nov 20, 2025 Changed: Oct 6 Last Checked: Oct 16 at 7:22AM

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Investment Insights

Based on property information with market context.

This duplex, built in 1884, contains two residential units that have been renovated throughout. The property also includes a partially finished basement, offering additional interior area for recreation, office use, or other purposes as configured by the owner. A cottage-style arrangement is identified as a possible feature, with potential appeal for extended household use, guests, or a private workspace.

The exterior may offer the possibility of adding a garage or ADU if permitted by the city. Walk Score is 80, indicating a Very Walkable setting, while Bike Score is 49, described as Somewhat Bikeable. Transit Score is 33, with Some Transit.

Key Highlights

• Two‑family duplex with updates completed throughout both units
• Partially finished basement provides additional usable interior space
• Possible cottage‑style setup for guests, extended household use, or private workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,047

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$520,940 $520.9K

Cap Rate 7%

$372,100 $372.1K

Cap Rate 9%

$289,411 $289.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,812 SF

Gross rent

$40.2K $22.20/SF

− Vacancy

−$3.0K −$1.67/SF

EGI

$37.2K $20.54/SF

− OpEx

−$11.2K −$6.16/SF

NOI

$26.0K $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%

$520,940

Cap Rate 7%

$372,100

Cap Rate 9%

$289,411

Alternative Uses

Best Use

Multifamily LT 5

$372.1K

$325.6K – $434.1K (±1% cap)

NOI $26,047 @ 7.0% cap · market cap 4.58%

Second Best

Apartment 5plus

$341.6K

$298.9K – $398.5K (±1% cap)

NOI $23,912 @ 7.0% cap · market cap 4.20%

Theoretical Best

Office A

$534.3K

$467.5K – $623.3K (±1% cap)

NOI $37,400 @ 7.0% cap · market cap 6.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

IP Enterprise Home Decor Store

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

837

Businesses Nearby

Explore this area Business Placement

Demographics for 02744, MA

13,055

Population

5,609

Households

2.3

Avg Household Size

35

Median Age

13%

College-Educated

72%

High-School Grad

1.3 sq mi

ZIP Area

10,042

Density / Sq Mi

$54,841

Median Household Income

$36,799

Median Earnings

$1,133

Median Rent

$344,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two updated units and a partially finished basement expand the property's usable space.

Where is this duplex located?

The property is located at 150 Blackmer St New Bedford, MA.

What is the asking price?

The asking price for this property is $569,000.

What are key features of this property?

This property features: Two‑family duplex with updates completed throughout both units; Partially finished basement provides additional usable interior space; Possible cottage‑style setup for guests, extended household use, or private workspace