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    Turn-Key Three-Family Property Title is generated by Realmo AI

    233 Belleville Road, New Bedford, MA 02745

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    Claim this Listing
    For Sale
    $749,900

    Updated three-unit property with strong rental potential near MBTA.

    Type:Multi-family / 3 Family
    Property size:
    3,390 SF
    Price / SF:
    $221/SF
    Added:
    Apr 13, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 13 at 8:54 pm

    Property Features for 233 Belleville Road

    General Information

    Standard status
    Active
    Size
    3,390 SF
    Property subtype
    Multi-family / 3 Family

    Building Details

    Year Built
    1914

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    Listing Contact
    Tyler DaSilva

    Listing agent Tyler DaSilva License #9568257

    Listing office LPT Realty - Home & Key Group

    Listing date Apr 13, 2026

    Source Compass

    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

    HighLights

    • Turn‑key three‑family property, ready for immediate income generation.
    • Three spacious units, each with 3 bedrooms.
    • Modern kitchens with quartz countertops and stainless steel appliances.
    • Ideally located near the MBTA commuter rail.
    • Updated units with crown molding throughout.
    • Well‑maintained with major updates already completed.

    Overview

    This is a turn-key three-family property suitable for investors and owner-occupants. Each of the three units features three bedrooms. The kitchens have been updated with quartz countertops and stainless steel appliances. Crown molding is present throughout each unit. The property is located near the MBTA commuter rail, offering convenience for tenants and commuters. All major updates have been completed, and the multi-family property is move-in ready. The property size is 3390 square feet.

    Local 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 $75.3k $22.20
    − Vacancy −$5.6k −$1.67
    EGI $69.6k $20.54
    − OpEx −$20.9k −$6.16
    NOI $48.7k $14.37
    3,390 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $696.1K
    $609.1K – $812.2K (±1% cap)
    NOI $48,730 @ 7.0% cap · market cap 6.50%
    Second Best
    Apartment 5plus
    $639.1K
    $559.2K – $745.6K (±1% cap)
    NOI $44,737 @ 7.0% cap · market cap 5.97%
    Theoretical Best
    Office A
    $999.6K
    $874.6K – $1.17M (±1% cap)
    NOI $69,970 @ 7.0% cap · market cap 9.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9324994
    Latitude
    41.6684523

    FAQs

    What type of property is this?
    Triplex - Updated three-unit property with strong rental potential near MBTA.
    Where is this triplex located?
    The property is located at 233 Belleville Road New Bedford, MA.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Turn‑key three‑family property, ready for immediate income generation.; Three spacious units, each with 3 bedrooms.; Modern kitchens with quartz countertops and stainless steel appliances.
    More about this property
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