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    North End Three-Unit Income Property Title is generated by Realmo AI

    166 Clifford St, New Bedford, MA 02745

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    Claim this Listing
    For Sale
    $609,900

    Three spacious units offer established rental income and potential for an owner-occupant or investor portfolio addition.

    Type:3 Family
    Property size:
    3,330 SF
    Price / SF:
    $183/SF
    Added:
    May 28, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 3 at 2:33 am

    Property Features for 166 Clifford St

    General Information

    Standard status
    Active
    Size
    3,330 SF
    Property subtype
    3 Family

    Building Details

    Year Built
    1913

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    Listing Contact
    Philip Rebello

    Listing agent Philip Rebello License #RES.0043201

    Listing office Keller Williams South Watuppa

    Listing date May 28, 2026

    Source Lockandkeyre

    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

    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
    • North End location close to schools, parks, and highway access

    Overview

    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.

    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 (±1% cap)
    NOI $47,867 @ 7.0% cap · market cap 7.85%
    Second Best
    Apartment 5plus
    $627.8K
    $549.3K – $732.4K (±1% cap)
    NOI $43,945 @ 7.0% cap · market cap 7.21%
    Theoretical Best
    Office A
    $981.9K
    $859.1K – $1.15M (±1% cap)
    NOI $68,731 @ 7.0% cap · market cap 11.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9312935
    Latitude
    41.6717516

    FAQs

    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
    More about this property
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