Three-Family Income
For Sale
$609,000
166 Clifford St, New Bedford, MA 02745
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 Market87
Property Features for 166 Clifford St
General Information
Standard status
Active
Size
3,330 SF
Property subtype
3 Family
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
3
Building Details
Building Size
3,330 SF
Year Built
1913
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Kevin Fitzgerald · License #120034
(508) 317-1766
Source:
Iverty
Added: Jul 11
Changed: Oct 4
Last Checked: Oct 4 at 10:17AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,867
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,340
$957.3K
Cap Rate 7%
$683,814
$683.8K
Cap Rate 9%
$531,856
$531.9K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$73.9K $22.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$68.4K $20.54/SF
− OpEx
−$20.5K −$6.16/SF
NOI
$47.9K $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%
$957,340
Cap Rate 7%
$683,814
Cap Rate 9%
$531,856
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 authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Fenced yard
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 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
