Two-Family
New
For Sale
$375,700
166 Blackmer St, New Bedford, MA 02744
RC-zoned property near shopping, dining, schools, and major routes.
Property Size1,408 SF
Price / SF$266.83
Days on Market5
Property Features for 166 Blackmer St
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,488
Building Details
Building Size
1,408 SF
Year Built
1886
Listing Agency:
Home Bound Realty
Listed By:
Paula Levasseur · License #451502447
(774) 930-1605
Source:
Paulgrover
Added: Oct 14
Changed: Oct 16
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 Home Bound Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is configured as a two-family property and was built in 1886. Its RC zoning is a relevant detail for evaluating the property.
Key Highlights
- Two‑family property
- Built in 1886
- Zoned RC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,239
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,780
$404.8K
Cap Rate 7%
$289,129
$289.1K
Cap Rate 9%
$224,878
$224.9K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$31.3K $22.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$28.9K $20.54/SF
− OpEx
−$8.7K −$6.16/SF
NOI
$20.2K $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%
$404,780
Cap Rate 7%
$289,129
Cap Rate 9%
$224,878
Alternative Uses
Best Use
Multifamily LT 5
$289.1K
$253.0K – $337.3K
NOI $20,239 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$265.4K
$232.3K – $309.7K
NOI $18,581 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,061 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
837
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - RC-zoned property near shopping, dining, schools, and major routes.
Where is this duplex located?
The property is located at 166 Blackmer St New Bedford, MA.
What is the asking price?
The asking price for this property is $375,700.
What are key features of this property?
This property features: Two‑family property; Built in 1886; Zoned RC
