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Turn-Key Three-Family Property

233 Belleville Rd, New Bedford, MA 02745

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For Sale

$749,900

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

Type:3 Family

Property size:

3,390 SF

Price / SF:

$221/SF

HighLights

Vacant 2nd‑floor unit is ideal for owner‑occupants or allows for immediate tenant placement at market rate.
Turn‑key property requiring no immediate renovations or repairs.
Proximity to MBTA commuter rail provides convenient access to transportation.
Three spacious units, each with 3 bedrooms, offer strong rental potential.
Updated kitchens feature quartz countertops and stainless steel appliances.
Crown molding throughout each unit adds a refined touch.

We can help!

Listing Contact

Tyler DaSilva

Learn more

For Sale

$749,900

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

Type:3 Family

Property size:

3,390 SF

Price / SF:

$221/SF

Added:: Apr 13, 2026
Days on Market:: 63
Last Refresh:: Apr 20 at 6:27 pm

Property Features for 233 Belleville Rd

General Information

Standard status: Active
Size: 3,390 SF
Property subtype: 3 Family

Building Details

Year Built: 1914

We can help!

Listing Contact

Tyler DaSilva

Listing agent Tyler DaSilva

Listing office LPT Realty - Home & Key Group

Listing date Apr 13, 2026

Source Lockandkeyre

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

Vacant 2nd‑floor unit is ideal for owner‑occupants or allows for immediate tenant placement at market rate.
Turn‑key property requiring no immediate renovations or repairs.
Proximity to MBTA commuter rail provides convenient access to transportation.
Three spacious units, each with 3 bedrooms, offer strong rental potential.
Updated kitchens feature quartz countertops and stainless steel appliances.
Crown molding throughout each unit adds a refined touch.

Overview

This is a turn-key three-family property featuring three spacious units, each with three bedrooms. The second-floor unit is vacant. The property has been updated and offers strong rental potential and comfortable living. Each unit includes modern kitchens with quartz countertops, stainless steel appliances, and stylish finishes. Crown molding throughout each unit adds a refined touch. Located near the MBTA commuter rail, the property offers convenience for tenants and commuters. All major updates have been completed, and the well-maintained multi-family is move-in ready and positioned to generate immediate income. The property size is 3390 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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

Location Insight

Map
Local Demand

City: New Bedford
County: Bristol
State: Massachusetts
Longitude: -70.9324994
Latitude: 41.6684523

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For sale
Triplexes
MA
New Bedford
02745
233 Belleville Rd

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 Rd 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: Vacant 2nd‑floor unit is ideal for owner‑occupants or allows for immediate tenant placement at market rate.; Turn‑key property requiring no immediate renovations or repairs.; Proximity to MBTA commuter rail provides convenient access to transportation.