17 Margin St, New Bedford, MA 02744
MULTI_FAMILY - New Bedford, MA
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 17 Margin St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- M:0020 L:0130,2885291
- Size
- 2,360 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4553
Building Details
- Year built
- 1889
- Floors in Building
- 3
- Number of units
- 3
Listing agent Clifford Ponte License #9554597 (508) 677-3233
Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA (508) 677-3233
Listing date Jun 26, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3‑unit building in New Bedford, built in 1889
- Many updates completed within the last 4 years, including newer flooring, cabinets, and countertops
- Roof replacement completed within the last 4 years
- 2nd‑floor unit will be vacant by the end of July—available for owner occupancy
Overview
The building is located in the South End of New Bedford and is described as close to Route 18, the Kilburn Mill, and the beach, offering convenient access to major corridors and local destinations. The property is zoned RC, supporting its residential income use.
From an ownership standpoint, the layout supports both investor and owner-occupant plans. The second-floor unit is expected to be vacant by the end of July, creating an opportunity to begin an owner-occupied start to a rental portfolio while the other units continue as part of the three-unit building.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.922016
- Latitude
- 41.615856
