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Well-Maintained Three Family Property

187 David St, New Bedford, MA 02744

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Pending

$599,999

MULTI_FAMILY - New Bedford, MA

Property size:

3,372 SF

Lot size:

0.08 Acres

HighLights

Three‑family property built in 1905
All units have 2 bedrooms, spacious kitchens, and good‑sized baths
First‑floor unit includes central air and heat
Low‑maintenance exterior with off‑street parking
Includes a one‑car garage, attached storage, and a shed
Close to the beach and Kilburn Mill with shops, gyms, and coffee

We can help!

Listing Contact

Eddie Lopez

Pending

$599,999

MULTI_FAMILY - New Bedford, MA

Property size:

3,372 SF

Lot size:

0.08 Acres

Added:: Apr 28, 2026
Days on Market:: 51
Last Refresh:: Jun 17 at 5:06 am

Property Features for 187 David St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RC
Bedrooms: 6
Bathrooms: 3
Rooms: Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Parking: 3
Standard status: Pending
APN: M:0013 L:0016,2884084
Size: 3,372 SF
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 6183

Building Details

Year built: 1905
Floors in Building: 3
Number of units: 3

We can help!

Listing Contact

Eddie Lopez

Listing agent Eddie Lopez

Listing office RE/MAX Vantage 77 State Road, Boston, MA

Listing date Apr 28, 2026

MLS# 73508546 Listing URL

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

Three‑family property built in 1905
All units have 2 bedrooms, spacious kitchens, and good‑sized baths
First‑floor unit includes central air and heat
Low‑maintenance exterior with off‑street parking
Includes a one‑car garage, attached storage, and a shed
Close to the beach and Kilburn Mill with shops, gyms, and coffee

Overview

This well-maintained three-family property presents an opportunity for both investors and owner-occupants. Each unit features two bedrooms, spacious kitchens, and good-sized baths. The first-floor unit is equipped with central air and heat. The property offers a low-maintenance setup with off-street parking, a one-car garage, attached storage, and a shed. Located a short distance from the beach and Kilburn Mill, which features gyms, coffee shops, and local shops, the location combines convenience with coastal living. Easy highway access and nearby everyday essentials enhance the property's appeal. The property, situated on a 0.0821-acre lot, has a property size of 3372 square feet. This property offers solid fundamentals and room for cosmetic upgrades, presenting an opportunity to add value and create an investment.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$74.9k	$22.20
− Vacancy	−$5.6k	−$1.67
EGI	$69.2k	$20.54
− OpEx	−$20.8k	−$6.16
NOI	$48.5k	$14.37

3,372 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$692.4K

$605.9K – $807.9K (±1% cap)

NOI $48,471 @ 7.0% cap · market cap 8.08%

Second Best

Apartment 5plus

$635.7K

$556.2K – $741.7K (±1% cap)

NOI $44,499 @ 7.0% cap · market cap 7.42%

Theoretical Best

Office A

$994.3K

$870.0K – $1.16M (±1% cap)

NOI $69,598 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Bedford
County: Bristol
State: Massachusetts
Longitude: -70.917497
Latitude: 41.612151

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For sale
Triplexes
MA
New Bedford
02744
187 David St

What type of property is this?

Triplex - Three-family property near the beach, ideal for investors/owner-occupants.

Where is this triplex located?

The property is located at 187 David St New Bedford, MA.

What is the asking price?

The asking price for this property is $599,999.

What are key features of this property?

This property features: Three‑family property built in 1905; All units have 2 bedrooms, spacious kitchens, and good‑sized baths; First‑floor unit includes central air and heat

187 David St, New Bedford, MA 02744

MULTI_FAMILY - New Bedford, MA

Property Features for 187 David St

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Family Residential Income Property

Five-Unit Residential Income Property

Well-Maintained Three-Family Property

North End Multi-Family Investment

Two-Family Residence with Expansion Potential

Spacious Multi-Family Residence

New Bedford Mixed-Use Two-Family

Townhouse-Style Multifamily with ADU Potential

Two-Family Residential Income Property

Six-Unit Property with Separate Utilities

Two-Unit Residential Income Property

Spacious Three-Family Property

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