Well-Maintained Two-Family
For Sale
$645,000
151-153 Clara St, New Bedford, MA 02744
MULTI_FAMILY - New Bedford, MA
Property Size2,648 SF
Lot Size0.10 Acres
Price / SF$243.58
Days on Market48
Property Features for 151-153 Clara St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
Parking
5
Directions
GPS
Standard status
Active
APN
M:0012 L:0106,2883936
Size
2,648 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5104
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Jun 15
Changed: Jul 30
Last Checked: Aug 1 at 4:06PM
MLS# 73536281
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.
Investment Insights
Based on property information with market context.
This two-family duplex offers spacious, well-maintained living space with each unit featuring three bedrooms, high ceilings, and ceiling fans. The home includes generous common areas, and some appliances will convey with the sale. Roof updates include an approximately four-year-old roof, and the one-car garage features a newly installed roof and a brand-new garage door. Off-street parking is provided via driveway space, and the basement is finished to create additional flexible space for an office, gym, playroom, or entertaining.
The property is located near everyday conveniences, with a short distance to the beach, shopping, and dining options. The listing also notes that the property will be fully vacant by the end of July.
For owner-occupants or investors, the layout supports a variety of living and use arrangements, with separate unit configurations and extra finished basement space. With the duplex planned to be vacant by late July, prospective tenants and buyers can plan their transition and occupancy timelines with less disruption. The combination of unit comfort features and recent exterior and garage improvements may appeal to those seeking a turn-ready, maintained income property.
The property is located near everyday conveniences, with a short distance to the beach, shopping, and dining options. The listing also notes that the property will be fully vacant by the end of July.
For owner-occupants or investors, the layout supports a variety of living and use arrangements, with separate unit configurations and extra finished basement space. With the duplex planned to be vacant by late July, prospective tenants and buyers can plan their transition and occupancy timelines with less disruption. The combination of unit comfort features and recent exterior and garage improvements may appeal to those seeking a turn-ready, maintained income property.
Key Highlights
- Two‑family property built in 1922 with 3 bedrooms per unit
- High ceilings, ceiling fans, and generous living space in each unit
- Roof approximately 4 years old; one‑car garage also has a new roof and brand‑new garage door
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 | $58.8k | $22.20 |
| − Vacancy | −$4.4k | −$1.67 |
| EGI | $54.4k | $20.54 |
| − OpEx | −$16.3k | −$6.16 |
| NOI | $38.1k | $14.37 |
2,648 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$499.2K
$436.8K – $582.4K
NOI $34,945 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$780.8K
$683.2K – $910.9K
NOI $54,655 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
390
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious 3-bedroom units with a finished basement, off-street parking, and garage updates; property will be fully vacant by July.
Where is this duplex located?
The property is located at 151-153 Clara St New Bedford, MA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two‑family property built in 1922 with 3 bedrooms per unit; High ceilings, ceiling fans, and generous living space in each unit; Roof approximately 4 years old; one‑car garage also has a new roof and brand‑new garage door
