Mixed-Use Property with Used Car
For Sale
$399,900
22 County Street, New Bedford, MA 02744
Two residential units plus a licensed used car dealership office with capacity for up to 10 vehicles and paved lot parking.
Property Size1,200 SF
Price / SF$333.25
Days on Market95
Property Features for 22 County Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
LPT Realty - Home & Key Group
Listed By:
Maria Adamides
(617) 396-3100
Source:
Longwoodresidential
Added: Apr 28
Changed: Jul 25
Last Checked: Jul 30 at 7:18PM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This mixed-use property includes two residential units and a commercial office space. The residential component consists of a studio apartment on the first floor and a one-bedroom apartment on the second floor, with each unit featuring a full bathroom. The commercial space is used as a licensed used car dealership office and is supported by a valid dealer license with capacity for up to 10 vehicles. The office also includes a half bathroom.
The property’s large, paved lot is designed to support vehicle display and operations, with parking for day-to-day use. Current residential rental income is $2,200 per month.
With both living space and a dealership-ready office configuration in place, the property offers a combination of income-producing residential units and a business component that can be operated with the existing licensing framework.
The property’s large, paved lot is designed to support vehicle display and operations, with parking for day-to-day use. Current residential rental income is $2,200 per month.
With both living space and a dealership-ready office configuration in place, the property offers a combination of income-producing residential units and a business component that can be operated with the existing licensing framework.
Key Highlights
- Mixed‑use property built in 1920 with two residential units plus a commercial office used car dealership space
- Rental income: $2,200/month from two units (studio on first floor and 1‑bedroom on second floor)
- Commercial office includes a valid dealer license with capacity for up to 10 vehicles
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 | $26.6k | $22.20 |
| − Vacancy | −$2.0k | −$1.67 |
| EGI | $24.6k | $20.54 |
| − OpEx | −$7.4k | −$6.16 |
| NOI | $17.2k | $14.37 |
1,200 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.4K
$215.6K – $287.5K
NOI $17,249 @ 7.0% cap · market cap 4.31%
Second Best
Retail
$231.8K
$202.9K – $270.5K
NOI $16,229 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units plus a licensed used car dealership office with capacity for up to 10 vehicles and paved lot parking.
Where is this duplex located?
The property is located at 22 County Street New Bedford, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Mixed‑use property built in 1920 with two residential units plus a commercial office used car dealership space; Rental income: $2,200/month from two units (studio on first floor and 1‑bedroom on second floor); Commercial office includes a valid dealer license with capacity for up to 10 vehicles
