North End Three-Unit Income
For Sale
$609,900
166 Clifford St, New Bedford, MA 02745
Three spacious units offer established rental income and potential for an owner-occupant or investor portfolio addition.
Property Size3,330 SF
Price / SF$183.15
Days on Market65
Property Features for 166 Clifford St
General Information
Standard status
Active
Size
3,330 SF
Property subtype
3 Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1913
Tenancy
Multi
Listing Agency:
Keller Williams South Watuppa
(508) 974-5402
Listed By:
Philip Rebello · License #RES.0043201
(508) 974-5402
Source:
Lockandkeyre
Added: May 28
Changed: Jul 10
Last Checked: Jul 30 at 1:49PM
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
166 Clifford St presents a three-unit multifamily opportunity in New Bedford’s North End. The property includes three spacious units with current rents of $1,800, $1,800, and $1,400, generating $5,000 in monthly rent and $60,000 in gross annual income. The offering is positioned for investors seeking a cash-flowing asset, as well as for an owner-occupant who wants additional rental support while occupying one unit.
The location is described as convenient to area amenities, schools, and parks, with highway access and proximity to downtown/waterfront. Buyers should plan on performing due diligence, and note that some images have been digitally enhanced using AI. The seller indicates quick cash sale preference, and financing may not be available for all buyer types.
With multiple occupied units and an established income profile, this is well suited for buyers looking to add a steady revenue property to their portfolio or those seeking a larger three-unit configuration for owner occupancy plus rental income. As with any income property, prospective purchasers should review lease and operating details as part of their underwriting and verify all information during due diligence.
The location is described as convenient to area amenities, schools, and parks, with highway access and proximity to downtown/waterfront. Buyers should plan on performing due diligence, and note that some images have been digitally enhanced using AI. The seller indicates quick cash sale preference, and financing may not be available for all buyer types.
With multiple occupied units and an established income profile, this is well suited for buyers looking to add a steady revenue property to their portfolio or those seeking a larger three-unit configuration for owner occupancy plus rental income. As with any income property, prospective purchasers should review lease and operating details as part of their underwriting and verify all information during due diligence.
Key Highlights
- Three‑unit multi‑family at 166 Clifford Street built in 1913
- Current rents of $1,800, $1,800, and $1,400 total $5,000/month
- Gross annual income totals $60,000 based on current rents
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 7.85%
Second Best
Apartment 5plus
$627.8K
$549.3K – $732.4K
NOI $43,945 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$981.9K
$859.1K – $1.15M
NOI $68,731 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three spacious units offer established rental income and potential for an owner-occupant or investor portfolio addition.
Where is this triplex located?
The property is located at 166 Clifford St New Bedford, MA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Three‑unit multi‑family at 166 Clifford Street built in 1913; Current rents of $1,800, $1,800, and $1,400 total $5,000/month; Gross annual income totals $60,000 based on current rents
