191 Bonney Street, New Bedford, MA 02740
Four legal two-bedroom units with off-street parking, vinyl siding, and a backyard offer practical income and owner-occupant flexibility.
- Added:
- Mar 7, 2026
- Days on Market:
- 99
- Last Refresh:
- Jun 10 at 2:54 am
Property Features for 191 Bonney Street
General Information
- Standard status
- Active
- Size
- 2,732 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1891
Listing agent Adam Walorz (508) 867-2800
Listing office Redlon Realty LLC
Listing date Mar 7, 2026
Source Miketoomeyrealestate
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 Redlon Realty LLC
HighLights
- 1891‑built, fully vinyl‑sided 4‑unit property with nearly 3,000 SF
- All four units are legal 2‑bedroom apartments with full kitchens and bathrooms
- Off‑street parking with a driveway plus a backyard
- Owner‑occupant friendly: seller has owner occupied 2 units for nearly 15 years
- Units are in great condition with light & bright bedrooms and convenient floor plans
Overview
Located in the heart of New Bedford, the property is positioned as a tenant and commuter-friendly address, with convenient access to highways along with nearby shopping, dining, and parks. The listing also emphasizes the proximity to everyday amenities that support ongoing rental appeal.
The configuration makes this asset a straightforward fit for an owner-occupant seeking to live in one unit while renting the others. It also suits investors looking for a legally configured 4-unit multifamily with four consistent two-bedroom units. Off-street parking and the shared outdoor space are additional practical amenities highlighted in the offering.
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 | $60.7k | $22.20 |
| − Vacancy | −$4.5k | −$1.67 |
| EGI | $56.1k | $20.54 |
| − OpEx | −$16.8k | −$6.16 |
| NOI | $39.3k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9284317
- Latitude
- 41.6205326
