Historic Duplex with
For Sale
$485,000
Pending
152-154 Chestnut Street, New Bedford, MA 02740
Three-story residential property with four bedrooms, off-street parking, and a one-car garage.
Property Size2,487 SF
Days on Market206
Property Features for 152-154 Chestnut Street
General Information
Standard status
Pending
Size
2,487 SF
Total Parking Spaces
3
Property subtype
Multi-family / 2 Family
Zoning
RB
Taxes and HOA fees
Annual Taxes
$5,049
Amenities
No
Wood, Tile, Vinyl, Carpet
Washer, Dryer, Range, Refrigerator
2.0
Walk Out
Walk-Up Attic, Living Room, Dining Room, Kitchen, Sunroom, Window AC
2
2.00
Frame
Shingle
Level
Building Details
Year Built
1876
Stories
3
Listing Agency:
Jose S. Castelo Real Estate, Inc.
Listed By:
Martin Correia · License #9057721
(508) 995-6291
Source:
Compass
Added: Mar 25
Changed: Oct 11
Last Checked: Oct 16 at 11:33AM
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 Jose S. Castelo Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This duplex at 152-154 Chestnut Street contains 2487 SF within a three-story frame structure built in 1876. The property includes four bedrooms, living and dining rooms, kitchens, a sunroom, and a walk-up attic. Interior finishes include wood, tile, vinyl, and carpet, with crown molding noted in the kitchen and bedrooms. Appliances include a washer, dryer, range, and refrigerator, while window AC is also present.
The level lot provides off-street parking and a one-car garage. Exterior construction features frame materials with shingle siding. The property is located in New Bedford, Massachusetts, and carries RB zoning.
The level lot provides off-street parking and a one-car garage. Exterior construction features frame materials with shingle siding. The property is located in New Bedford, Massachusetts, and carries RB zoning.
Key Highlights
- Duplex property at 152‑154 Chestnut Street, New Bedford, MA 02740
- 2487 SF three‑story structure built in 1876
- Four bedrooms with living room, dining room, kitchen, and sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,749
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,980
$715.0K
Cap Rate 7%
$510,700
$510.7K
Cap Rate 9%
$397,211
$397.2K
Market Conditions
NOI Build-Up for 2,487 SF
Gross rent
$55.2K $22.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$51.1K $20.54/SF
− OpEx
−$15.3K −$6.16/SF
NOI
$35.7K $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%
$714,980
Cap Rate 7%
$510,700
Cap Rate 9%
$397,211
Alternative Uses
Best Use
Multifamily LT 5
$510.7K
$446.9K – $595.8K
NOI $35,749 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$468.9K
$410.3K – $547.0K
NOI $32,820 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$733.3K
$641.7K – $855.5K
NOI $51,332 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three-story residential property with four bedrooms, off-street parking, and a one-car garage.
Where is this duplex located?
The property is located at 152-154 Chestnut Street New Bedford, MA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Duplex property at 152‑154 Chestnut Street, New Bedford, MA 02740; 2487 SF three‑story structure built in 1876; Four bedrooms with living room, dining room, kitchen, and sunroom
