Updated 3-Unit Residential Income
17 Margin Street New Bedford, MA 02744
17 Margin Street, New Bedford, MA, 02744
$549,000
For Sale
$549,000
Three-unit building with recent interior updates, including newer flooring, cabinets, and countertops, plus a roof replacement.
Property Size2,360 SF
Price / SF$232.63
Days on Market48
Property Features for 17 Margin Street
General Information
- Standard status
- Active
- Size
- 2,360 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1889
Listing agency
Keller Williams South Watuppa
(508) 677-3233
Listed by
Zechariah Stockbarger · License #9536699
(508) 677-3233
Source
Compass
Added: Jun 6 Updated: Jul 21 at 10:23AM Checked: Jul 22 at 9:23AM
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.
This three-unit residential income building has undergone many updates within the last four years. Units are described as being in great condition with newer flooring, cabinets, and countertops. The roof was also replaced within the same time frame.
The property is located in the south end of New Bedford, with proximity noted to Route 18, the Kilburn Mill, and the beach. The second-floor unit is expected to be vacant by the end of July, creating an opportunity for an owner-occupant to start or grow an income portfolio.
With three distinct units and recent major improvements, the building is presented as a turn-key option for buyers seeking a well-maintained residential income property.
The property is located in the south end of New Bedford, with proximity noted to Route 18, the Kilburn Mill, and the beach. The second-floor unit is expected to be vacant by the end of July, creating an opportunity for an owner-occupant to start or grow an income portfolio.
With three distinct units and recent major improvements, the building is presented as a turn-key option for buyers seeking a well-maintained residential income property.
Key Highlights
- 3‑unit building in the south end of New Bedford
- Many updates within the last 4 years, including newer flooring, cabinets, and countertops in the units
- Roof replacement completed within the last 4 years
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 | $52.4k | $22.20 |
| − Vacancy | −$3.9k | −$1.67 |
| EGI | $48.5k | $20.54 |
| − OpEx | −$14.5k | −$6.16 |
| NOI | $33.9k | $14.37 |
2,360 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,144 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$695.9K
$608.9K – $811.8K
NOI $48,710 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit building with recent interior updates, including newer flooring, cabinets, and countertops, plus a roof replacement.
Where is this triplex located?
The property is located at 17 Margin Street New Bedford, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3‑unit building in the south end of New Bedford; Many updates within the last 4 years, including newer flooring, cabinets, and countertops in the units; Roof replacement completed within the last 4 years
