Three-Family Income
166-168 Clifford St New Bedford, MA 02745
166-168 Clifford St, New Bedford, MA, 02745
$609,000
For Sale
$609,000
Three-unit rental property with gas heat and hot water, separate utilities, and a fenced yard.
Property Size3,330 SF
Price / SF$182.88
Days on Market12
Property Features for 166-168 Clifford St
General Information
- Standard status
- Active
- Size
- 3,330 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1913
Listing agency
eXp Realty LLC
(508) 317-1766
Listed by
Kevin Fitzgerald
(508) 317-1766
Source
Lockandkeyre
Added: Jul 11 Updated: Jul 21 at 4:02AM Checked: Jul 22 at 5:12AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This for-sale three-family income property features gas heat and gas hot water for residential comfort. The homes are set up with separate utilities, which can help simplify operations and support lower shared overhead. A fenced-in yard adds privacy and a degree of outdoor low-maintenance use.
The property is located at 166-168 Clifford St in New Bedford, MA. The layout is described as currently allowing three to four bedroom configurations within the units. The basement is also set up for possible storage rentals.
According to the provided remarks, the third-floor unit would be vacant in August, with two tenants currently in place. The exterior is described as having aluminum siding.
The property is located at 166-168 Clifford St in New Bedford, MA. The layout is described as currently allowing three to four bedroom configurations within the units. The basement is also set up for possible storage rentals.
According to the provided remarks, the third-floor unit would be vacant in August, with two tenants currently in place. The exterior is described as having aluminum siding.
Key Highlights
- Three‑family rental built in 1913 with gas heat and gas hot water
- Separate utilities for each unit helps keep overhead and billing simple
- Fenced‑in yard provides added privacy with low‑maintenance outdoor 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 | $73.9k | $22.20 |
| − Vacancy | −$5.5k | −$1.67 |
| EGI | $68.4k | $20.54 |
| − OpEx | −$20.5k | −$6.16 |
| NOI | $47.9k | $14.37 |
3,330 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$627.8K
$549.3K – $732.4K
NOI $43,945 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$981.9K
$859.1K – $1.15M
NOI $68,731 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit rental property with gas heat and hot water, separate utilities, and a fenced yard.
Where is this triplex located?
The property is located at 166-168 Clifford St New Bedford, MA.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Three‑family rental built in 1913 with gas heat and gas hot water; Separate utilities for each unit helps keep overhead and billing simple; Fenced‑in yard provides added privacy with low‑maintenance outdoor space
