2-Unit Duplex with Renovated
1585-1587 Acushnet Ave, New Bedford, MA 02746
For Sale
New
$549,900
Residential Income, New Bedford, MA
Property Size3,626 SF
Lot Size0.08 Acres
Price / SF$151.65
Days on Market4
Property Features for 1585-1587 Acushnet Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Fireplace
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
RE/MAX Synergy · RE/MAX International
Listed By:
Luis B Martins
(508) 857-5392
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 2:06AM
MLS# 73600898
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.
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Investment Insights
Based on property information with market context.
This 1901 duplex contains 3,626 square feet on a 0.0791-acre lot. The first-floor unit has three bedrooms, a renovated kitchen, and washer and dryer hookups. The second-floor unit has been renovated, and the walk-up attic has also been updated; any additional living use there is subject to permits and municipal approvals. The property has a fireplace and MUB zoning.
Located at 1585-1587 Acushnet Ave in New Bedford, the property is described as near shopping, dining, schools, public transportation, and everyday amenities. One heating system was replaced within the past two years, and a second system has been serviced.
Located at 1585-1587 Acushnet Ave in New Bedford, the property is described as near shopping, dining, schools, public transportation, and everyday amenities. One heating system was replaced within the past two years, and a second system has been serviced.
Key Highlights
- 3,626‑square‑foot duplex on a 0.0791‑acre lot
- First‑floor unit includes three bedrooms, a renovated kitchen, and washer and dryer hookups
- Renovated second‑floor unit and updated walk‑up attic; attic use is subject to permits and municipal approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,851
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,020
$957.0K
Cap Rate 7%
$683,586
$683.6K
Cap Rate 9%
$531,678
$531.7K
Market Conditions
NOI Build-Up for 3,626 SF
Gross rent
$93.6K $25.80/SF
− Vacancy
−$6.5K −$1.81/SF
EGI
$87.0K $23.99/SF
− OpEx
−$39.2K −$10.80/SF
NOI
$47.9K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,020
Cap Rate 7%
$683,586
Cap Rate 9%
$531,678
Alternative Uses
Best Use
Multifamily LT 5
$744.6K
$651.5K – $868.7K
NOI $52,122 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$683.6K
$598.1K – $797.5K
NOI $47,851 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$1.07M
$935.5K – $1.25M
NOI $74,841 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
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Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Bedford, MA
Properties on Market for Duplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - MUB-zoned property has a three-bedroom first-floor unit and a renovated walk-up attic.
Where is this duplex located?
The property is located at 1585-1587 Acushnet Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,626‑square‑foot duplex on a 0.0791‑acre lot; First‑floor unit includes three bedrooms, a renovated kitchen, and washer and dryer hookups; Renovated second‑floor unit and updated walk‑up attic; attic use is subject to permits and municipal approvals
