Two-Story Multifamily Conversion
For Sale
$1,600,000
194-R Riverside Ave, New Bedford, MA 02746
Existing industrial improvements offer substantial space for a multifamily redevelopment concept in New Bedford.
Property Size26,910 SF
Days on Market9
Property Features for 194-R Riverside Ave
General Information
Standard status
Active
Size
26,910 SF
Total Parking Spaces
60
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$17,371
Building Details
Building Size
26,910 SF
Year Built
1925
Listing Agency:
Lanagan & Co
Listed By:
Jason P. Lanagan
(508) 985-8898
Source:
Classifiedrealtygroup
Added: Aug 26
Changed: Aug 29
Last Checked: Sep 2 at 2:26PM
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 Lanagan & Co
Investment Insights
Based on property information with market context.
Located at 194-R Riverside Ave in New Bedford, this two-story property was constructed in 1925 and is identified for multifamily redevelopment. The existing industrial building contains 26,910 square feet of potential living area, allowing for varied residential configurations subject to applicable approvals.
The property occupies a 126,759-square-foot lot and is situated along the city’s future Riverwalk Development initiative. Due diligence materials are referenced for additional project information.
The property occupies a 126,759-square-foot lot and is situated along the city’s future Riverwalk Development initiative. Due diligence materials are referenced for additional project information.
Key Highlights
- 26,910 square feet of potential living area
- Two‑story building constructed in 1925
- 126,759‑square‑foot lot
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Existing industrial improvements offer substantial space for a multifamily redevelopment concept in New Bedford.
Where is this multifamily property located?
The property is located at 194-R Riverside Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 26,910 square feet of potential living area; Two‑story building constructed in 1925; 126,759‑square‑foot lot
