New Bedford Rooming House
192 Walnut St, New Bedford, MA 02740
MULTI_FAMILY - New Bedford, MA
Property size:
2,443 SFLot size:
0.05 AcresPrice / SF:
$237/SF- Added:
- Jan 24, 2025
- Days on Market:
- 483
- Last Refresh:
- May 22 at 8:06 am
Property Features for 192 Walnut St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 10
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 3, Bathroom 2, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 9, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- M:0046 L:0149,2890699
- Size
- 2,443 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3822
Building Details
- Year built
- 1879
- Floors in Building
- 5
- Number of units
- 10
Listing agent Eddie Lopez (508) 999-4424
Listing office RE/MAX Vantage 77 State Road, Boston, MA (774) 992-0297
Listing date Jan 24, 2025
MLS# 73329052
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
- Rooming house with 10 rooms and 3 bathrooms, offering significant rental income potential.
- Seven rooms include individual ovens, increasing tenant appeal and potential rental rates.
- All rooms feature private sinks and cabinetry for enhanced tenant convenience.
- Each room is equipped with its own mini‑split system for individual climate control.
- Property is fully insulated for energy efficiency and year‑round comfort.
- The property is a historic building built in 1879.
Overview
This is a spacious, three-level rooming house containing 10 rooms and 3 bathrooms. Seven of the rooms include individual ovens, and all rooms are equipped with private sinks and cabinetry. The property has been fully insulated for energy efficiency and year-round comfort. Each room is outfitted with its own mini-split system. The lot size is 0.0515 acres and the property size is 2443 square feet. The property is located in New Bedford, MA.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$358.2K
NOI $32,240 @ 9.00% cap · cautious / downside scenario
Moderate
$460.6K
NOI $32,240 @ 7.00% cap · market / base-case scenario
Aggressive
$644.8K
NOI $32,240 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $25.80 |
| − Vacancy | −$4.4k | −$1.81 |
| EGI | $58.6k | $23.99 |
| − OpEx | −$26.4k | −$10.80 |
| NOI | $32.2k | $13.20 |
2,443 SF · lease $25.80/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$460.6K
$403.0K – $537.3K
NOI $32,240 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.3K
$630.3K – $840.4K
NOI $50,424 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.925794
- Latitude
- 41.631633
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Spacious 10-room rooming house with individual amenities in New Bedford.
Where is this residential income property located?
The property is located at 192 Walnut St New Bedford, MA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Rooming house with 10 rooms and 3 bathrooms, offering significant rental income potential.; Seven rooms include individual ovens, increasing tenant appeal and potential rental rates.; All rooms feature private sinks and cabinetry for enhanced tenant convenience.
