Duplex with Updated
23 25 Brewster Street, New Bedford, MA 02745
For Sale
$575,000
Pending
Two three-bedroom residences include basement and attic storage, with a deck and off-street parking outdoors.
Property Size2,316 SF
Days on Market53
Property Features for 23 25 Brewster Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
deck
Building Details
Year Built
Buildings
Listing Agency:
Real Broker MA, LLC
(855) 450-0442
Listed By:
Ana Pritchard
(401) 386-6620
Source:
Remmesco
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 6:29PM
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 Real Broker MA, LLC
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Investment Insights
Based on property information with market context.
This 1925 duplex contains 2,316 square feet arranged as two similar residences, each with three bedrooms and a full bath. Interior features include a full basement with fieldstone foundation, natural-gas hot-water heat, and a walk-up attic. Work completed in 2023 included a roof replacement, second-floor heating and central air, basement wall waterproofing, a first-floor bathroom renovation, refinished hardwood floors, and new appliances, including a washer and dryer. New gas meters were installed in 2026.
The property has a paved driveway with space for two off-street vehicles and a deck. Nearby destinations include five elementary schools, Greater New Bedford Voc-Tech, and Brooklawn Park, which spans 85 acres. South Coast Rail stations at Church Street and Acushnet Avenue provide service to Boston, with the trip described as roughly 90 minutes.
The property has a paved driveway with space for two off-street vehicles and a deck. Nearby destinations include five elementary schools, Greater New Bedford Voc-Tech, and Brooklawn Park, which spans 85 acres. South Coast Rail stations at Church Street and Acushnet Avenue provide service to Boston, with the trip described as roughly 90 minutes.
Key Highlights
- 2,316‑square‑foot duplex built in 1925
- Two similar residences, each with three bedrooms and a full bath
- 2023 work included a new roof, second‑floor heat and central air, basement waterproofing, and a renovated first‑floor bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,291
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,820
$665.8K
Cap Rate 7%
$475,586
$475.6K
Cap Rate 9%
$369,900
$369.9K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$51.4K $22.20/SF
− Vacancy
−$3.9K −$1.67/SF
EGI
$47.6K $20.54/SF
− OpEx
−$14.3K −$6.16/SF
NOI
$33.3K $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%
$665,820
Cap Rate 7%
$475,586
Cap Rate 9%
$369,900
Alternative Uses
Best Use
Multifamily LT 5
$475.6K
$416.1K – $554.9K
NOI $33,291 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$436.6K
$382.1K – $509.4K
NOI $30,564 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$682.9K
$597.5K – $796.7K
NOI $47,802 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
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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
$339,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Bedford, MA
Properties on Market for Duplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include basement and attic storage, with a deck and off-street parking outdoors.
Where is this duplex located?
The property is located at 23 25 Brewster Street New Bedford, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,316‑square‑foot duplex built in 1925; Two similar residences, each with three bedrooms and a full bath; 2023 work included a new roof, second‑floor heat and central air, basement waterproofing, and a renovated first‑floor bath
