Renovated Two-Family
150 Blackmer Street New Bedford, MA 02744
150 Blackmer Street, New Bedford, MA, 02744
$584,900
For Sale
$584,900
Completely renovated two-family property with updated units and a partially finished basement.
Property Size1,812 SF
Price / SF$322.79
Days on Market325
Property Features for 150 Blackmer Street
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1884
Listing agency
RE/MAX Vantage
(774) 992-0297
Listed by
Team ROSO
(774) 992-0297
Source
Compass
Added: Sep 1, 2025 Updated: Jul 21 at 4:22AM Checked: Jul 22 at 10:45AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This completely renovated two-family residence offers move-in-ready living with thoughtful updates to each unit. The property includes a partially finished basement that provides additional flexible space for recreation, office use, or other bonus areas.
The exterior presents further possibilities, including potential room to add a garage or an ADU if allowed by the city. A possible cottage-style setup is also noted for extended family, guests, or a private work space.
With a two-unit configuration and additional lower-level space, the property is designed for buyers seeking an income-ready layout with multiple ways to use the available rooms.
The exterior presents further possibilities, including potential room to add a garage or an ADU if allowed by the city. A possible cottage-style setup is also noted for extended family, guests, or a private work space.
With a two-unit configuration and additional lower-level space, the property is designed for buyers seeking an income-ready layout with multiple ways to use the available rooms.
Key Highlights
- Completely renovated two‑family property with each unit updated from top to bottom
- 4 total bathrooms, including 4 full baths
- Partially finished full basement with additional customizable space
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 | $40.2k | $22.20 |
| − Vacancy | −$3.0k | −$1.67 |
| EGI | $37.2k | $20.54 |
| − OpEx | −$11.2k | −$6.16 |
| NOI | $26.0k | $14.37 |
1,812 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$341.6K
$298.9K – $398.5K
NOI $23,912 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,400 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
IP Enterprise
Home Decor Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely renovated two-family property with updated units and a partially finished basement.
Where is this duplex located?
The property is located at 150 Blackmer Street New Bedford, MA.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: Completely renovated two‑family property with each unit updated from top to bottom; 4 total bathrooms, including 4 full baths; Partially finished full basement with additional customizable space
