Updated Two-Unit
For Sale
$599,000
Pending
1930 Acushnet Ave, New Bedford, MA 02745
Up-and-down duplex with Mixed Use Business zoning, renovated interiors, and a detached garage.
Property Size2,760 SF
Days on Market181
Property Features for 1930 Acushnet Ave
General Information
Standard status
Pending
Size
2,760 SF
Total Parking Spaces
1
Property subtype
2 Family - 2 Units Up/Down
Zoning
Mixed Use Business
Taxes and HOA fees
Annual Taxes
$4,970
Building Details
Building Size
2,760 SF
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Kristin Thompson
(781) 924-5766
Source:
Donnellyandco
Added: Apr 8
Changed: Sep 25
Last Checked: Oct 4 at 5:51PM
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 Realty Signature Properties
Investment Insights
Based on property information with market context.
This 1920-built duplex contains two vertically arranged residences, each with three bedrooms. The first-floor apartment includes an eat-in kitchen with stainless appliances, refreshed flooring, private laundry, and a remodeled bath featuring a jetted tub, steam shower, and marble-top vanity. Upstairs, an open kitchen and dining area connect to an 18x10 family room with a vaulted pine ceiling, exposed brick, and a wood-burning stove. Wood paneling adds a distinctive interior character throughout the property.
Both apartments are described as move-in ready, with newer systems and improved insulation. A detached one-car garage provides additional utility, while the unfinished basement offers supplemental storage space. The property is zoned Mixed Use Business and is configured for two separate residential units.
Both apartments are described as move-in ready, with newer systems and improved insulation. A detached one-car garage provides additional utility, while the unfinished basement offers supplemental storage space. The property is zoned Mixed Use Business and is configured for two separate residential units.
Key Highlights
- Two‑unit up‑and‑down duplex with three bedrooms in each residence
- Mixed Use Business zoning
- First‑floor apartment includes stainless appliances, in‑unit laundry, and remodeled bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,674
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,480
$793.5K
Cap Rate 7%
$566,771
$566.8K
Cap Rate 9%
$440,822
$440.8K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$61.3K $22.20/SF
− Vacancy
−$4.6K −$1.67/SF
EGI
$56.7K $20.54/SF
− OpEx
−$17.0K −$6.16/SF
NOI
$39.7K $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%
$793,480
Cap Rate 7%
$566,771
Cap Rate 9%
$440,822
Alternative Uses
Best Use
Multifamily LT 5
$566.8K
$495.9K – $661.2K
NOI $39,674 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$520.3K
$455.3K – $607.1K
NOI $36,423 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$813.8K
$712.1K – $949.4K
NOI $56,966 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Up-and-down duplex with Mixed Use Business zoning, renovated interiors, and a detached garage.
Where is this duplex located?
The property is located at 1930 Acushnet Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex with three bedrooms in each residence; Mixed Use Business zoning; First‑floor apartment includes stainless appliances, in‑unit laundry, and remodeled bath
