Renovated Two-Family
For Sale
$500,000
207 Belleville Avenue, New Bedford, MA 02746
Two two-bedroom units feature updated kitchens, modernized baths, and in-unit laundry equipment in the basement.
Property Size1,362 SF
Price / SF$367.11
Days on Market15
Property Features for 207 Belleville Avenue
General Information
Standard status
Active
Size
1,362 SF
Property subtype
Multi-family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
off-street parking
backyard
washer/dryer
Building Details
Year Built
1891
Buildings
1
Tenancy
Single
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Celdra M. Allen
(617) 283-8375
Source:
Lindorealtygroup
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 9:15AM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units, each with two bedrooms. Interior updates include kitchens with white shaker cabinets, quartz countertops and new appliances, along with tile-finished bathrooms and LVP flooring. A washer and dryer are located in the basement.
Exterior work includes a new roof, vinyl siding, a replacement bulkhead and basement door, and updated lighting and electrical outlets. The property also has off-street parking and a backyard. Built in 1891, the building is 1,362 square feet.
Unit 1 is owner-occupied, while Unit 2 is rented. Church Street MBTA station is 1.8 miles away.
Exterior work includes a new roof, vinyl siding, a replacement bulkhead and basement door, and updated lighting and electrical outlets. The property also has off-street parking and a backyard. Built in 1891, the building is 1,362 square feet.
Unit 1 is owner-occupied, while Unit 2 is rented. Church Street MBTA station is 1.8 miles away.
Key Highlights
- Two units, each with 2 bedrooms
- Renovated kitchens with quartz countertops, white shaker cabinets, and new appliances
- Updated baths with tile finishes and LVP flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,578
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,560
$391.6K
Cap Rate 7%
$279,686
$279.7K
Cap Rate 9%
$217,533
$217.5K
Market Conditions
NOI Build-Up for 1,362 SF
Gross rent
$30.2K $22.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$28.0K $20.54/SF
− OpEx
−$8.4K −$6.16/SF
NOI
$19.6K $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%
$391,560
Cap Rate 7%
$279,686
Cap Rate 9%
$217,533
Alternative Uses
Best Use
Multifamily LT 5
$279.7K
$244.7K – $326.3K
NOI $19,578 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$256.8K
$224.7K – $299.6K
NOI $17,974 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units feature updated kitchens, modernized baths, and in-unit laundry equipment in the basement.
Where is this duplex located?
The property is located at 207 Belleville Avenue New Bedford, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms; Renovated kitchens with quartz countertops, white shaker cabinets, and new appliances; Updated baths with tile finishes and LVP flooring throughout
