Historic Four-Unit Multifamily
For Sale
$750,000
25 Seventh, New Bedford, MA 02740
Four-unit multifamily property built in 1820 offering six bedrooms and five full bathrooms across two stories.
Property Size3,784 SF
Lot Size0.13 Acres
Price / SF$198.20
Days on Market98
Property Features for 25 Seventh
General Information
Standard status
Active
Size
3,784 SF
Lot size
0.13 Acres
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Year Built
1820
Stories
2
Tenancy
Multi
Listing Agency:
(508) 328-2303
Listed By:
Manuel Louro
(508) 328-2303
Source:
Elliman
Added: Apr 24
Changed: Jul 21
Last Checked: Jul 29 at 1:05PM
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 Manuel Louro
Investment Insights
Based on property information with market context.
Located at 25 Seventh in New Bedford, this four-unit multifamily residence dates back to 1820 and combines historic character with a functional two-story layout. The property includes six bedrooms and five full bathrooms, providing flexible living arrangements within its existing configuration.
The home sits on a 5,676 square foot lot with outdoor space to complement indoor living. While the building’s historical significance is a notable aspect, the practical opportunity here is its established multi-unit structure and unit count.
For buyers seeking an income-producing property with historic fabric and an adaptable internal layout, this 4-unit offering provides a defined starting point, with interior space configured as six bedrooms and five full bathrooms across two stories.
The home sits on a 5,676 square foot lot with outdoor space to complement indoor living. While the building’s historical significance is a notable aspect, the practical opportunity here is its established multi-unit structure and unit count.
For buyers seeking an income-producing property with historic fabric and an adaptable internal layout, this 4-unit offering provides a defined starting point, with interior space configured as six bedrooms and five full bathrooms across two stories.
Key Highlights
- Four‑unit multifamily residence built in 1820, with 3,784 SF of living area across two stories
- Layout includes 6 bedrooms and 5 full bathrooms, offering flexible resident accommodations
- Set on a 5,676 SF lot with outdoor space to complement the interior living area
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 | $84.0k | $22.20 |
| − Vacancy | −$6.3k | −$1.67 |
| EGI | $77.7k | $20.54 |
| − OpEx | −$23.3k | −$6.16 |
| NOI | $54.4k | $14.37 |
3,784 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$777.0K
$679.9K – $906.6K
NOI $54,393 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$713.4K
$624.2K – $832.3K
NOI $49,936 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.12M
$976.3K – $1.30M
NOI $78,102 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,477
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
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?
Quadplex - Four-unit multifamily property built in 1820 offering six bedrooms and five full bathrooms across two stories.
Where is this quadplex located?
The property is located at 25 Seventh New Bedford, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit multifamily residence built in 1820, with 3,784 SF of living area across two stories; Layout includes 6 bedrooms and 5 full bathrooms, offering flexible resident accommodations; Set on a 5,676 SF lot with outdoor space to complement the interior living area
