3-Unit Multifamily
For Sale
$680,000
25 Adams Street, New Bedford, MA 02746
Separate utilities serve each residence, with basement laundry hookups available for all three units.
Property Size3,321 SF
Price / SF$204.76
Days on Market13
Property Features for 25 Adams Street
General Information
Standard status
Active
Size
3,321 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
laundry hookups
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Lion Gate Real Estate,Inc.
Listed By:
Todd Mello · License #450500395
(508) 567-0000
Source:
Kelleyrege
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 23 at 11:25AM
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 Lion Gate Real Estate,Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3-unit multifamily property contains 3,321 square feet and was built in 1910. The units follow a similar layout and have separate utilities. Two floors are occupied by tenants at will, while the third-floor unit is vacant and available for occupancy or rental. Basement laundry hookups serve all three residences.
The property is at 25 Adams Street in New Bedford, Massachusetts, with access to a nearby highway.
The property is at 25 Adams Street in New Bedford, Massachusetts, with access to a nearby highway.
Key Highlights
- Three units with similar layouts
- 3,321 square feet; built in 1910
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,738
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,760
$954.8K
Cap Rate 7%
$681,971
$682.0K
Cap Rate 9%
$530,422
$530.4K
Market Conditions
NOI Build-Up for 3,321 SF
Gross rent
$73.7K $22.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$68.2K $20.54/SF
− OpEx
−$20.5K −$6.16/SF
NOI
$47.7K $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%
$954,760
Cap Rate 7%
$681,971
Cap Rate 9%
$530,422
Alternative Uses
Best Use
Multifamily LT 5
$682.0K
$596.7K – $795.6K
NOI $47,738 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$626.1K
$547.8K – $730.4K
NOI $43,826 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$979.2K
$856.8K – $1.14M
NOI $68,545 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities serve each residence, with basement laundry hookups available for all three units.
Where is this triplex located?
The property is located at 25 Adams Street New Bedford, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Three units with similar layouts; 3,321 square feet; built in 1910; Separate utilities for each unit
