Townhouse-Style
For Sale
$549,999
17-19 Hazard Ct, New Bedford, MA 02740
Two four-bedroom units offer substantial residential space in a multi-family configuration.
Property Size2,218 SF
Price / SF$247.97
Days on Market11
Property Features for 17-19 Hazard Ct
General Information
Standard status
Active
Size
2,218 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Building Size
2,218 SF
Year Built
1880
Listing Agency:
Redfin Corp.
(617) 340-7803
Listed By:
Arnold Dick
(617) 877-3774
Source:
Iverty
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 3 at 12:16AM
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 Redfin Corp.
Investment Insights
Based on property information with market context.
This 2,218-square-foot duplex in New Bedford was built in 1880 and is arranged in a townhouse-style layout. Each of its two units has four bedrooms and one full bathroom, providing a substantial bedroom count across the property.
The property is near local shopping, dining, schools, public transportation, and major routes. Its two-unit configuration combines townhouse-style residences within a single multifamily property.
The property is near local shopping, dining, schools, public transportation, and major routes. Its two-unit configuration combines townhouse-style residences within a single multifamily property.
Key Highlights
- 2,218‑square‑foot duplex
- Two units, each with 4 bedrooms and 1 full bathroom
- Townhouse‑style layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,660
$637.7K
Cap Rate 7%
$455,471
$455.5K
Cap Rate 9%
$354,256
$354.3K
Market Conditions
NOI Build-Up for 2,218 SF
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.
Gross rent
$49.2K $22.20/SF
− Vacancy
−$3.7K −$1.67/SF
EGI
$45.5K $20.54/SF
− OpEx
−$13.7K −$6.16/SF
NOI
$31.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,660
Cap Rate 7%
$455,471
Cap Rate 9%
$354,256
Alternative Uses
Best Use
Multifamily LT 5
$455.5K
$398.5K – $531.4K
NOI $31,883 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$654.0K
$572.3K – $763.0K
NOI $45,780 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom units offer substantial residential space in a multi-family configuration.
Where is this duplex located?
The property is located at 17-19 Hazard Ct New Bedford, MA.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 2,218‑square‑foot duplex; Two units, each with 4 bedrooms and 1 full bathroom; Townhouse‑style layout
