Updated 3-Unit
For Sale
$539,000
17 Margin St, New Bedford, MA 02744
Recent improvements include refreshed unit interiors and a replacement roof.
Property Size2,360 SF
Price / SF$228.39
Days on Market102
Property Features for 17 Margin St
General Information
Standard status
Active
Size
2,360 SF
Property subtype
3 Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,553
Building Details
Building Size
2,360 SF
Year Built
1889
Buildings
1
Listing Agency:
Keller Williams South Watuppa
Listed By:
Zechariah Stockbarger · License #9536699
(774) 634-7237
Source:
Paulgrover
Added: Jun 26
Changed: Oct 5
Last Checked: Oct 4 at 4:47PM
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 property contains 2,360 square feet and was built in 1889. Unit improvements completed within the last 4 years include flooring, cabinets, and countertops; the roof was also replaced during that period.
The property is in New Bedford’s South End, near Route 18, Kilburn Mill, and the beach. The second-floor unit is expected to be vacant by the end of July.
The property is in New Bedford’s South End, near Route 18, Kilburn Mill, and the beach. The second-floor unit is expected to be vacant by the end of July.
Key Highlights
- Three‑unit property with 2,360 square feet
- Flooring, cabinets, and countertops updated within the last 4 years
- Roof replaced within the last 4 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,924
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,480
$678.5K
Cap Rate 7%
$484,629
$484.6K
Cap Rate 9%
$376,933
$376.9K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$52.4K $22.20/SF
− Vacancy
−$3.9K −$1.67/SF
EGI
$48.5K $20.54/SF
− OpEx
−$14.5K −$6.16/SF
NOI
$33.9K $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%
$678,480
Cap Rate 7%
$484,629
Cap Rate 9%
$376,933
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,144 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$695.9K
$608.9K – $811.8K
NOI $48,710 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Recent improvements include refreshed unit interiors and a replacement roof.
Where is this triplex located?
The property is located at 17 Margin St New Bedford, MA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Three‑unit property with 2,360 square feet; Flooring, cabinets, and countertops updated within the last 4 years; Roof replaced within the last 4 years
