Two-Unit Victorian
New
For Sale
$549,900
252 Whitman Street, New Bedford, MA 02745
The first-floor residence has two bedrooms, central air, and hardwood and tile flooring.
Property Size2,356 SF
Price / SF$233.40
Days on Market5
Property Features for 252 Whitman Street
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1913
Listing Agency:
LPT Realty - Home & Key Group
Listed By:
Lisa Ortiz
(413) 695-1103
Source:
Cabotandcompany
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 12:23PM
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
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Investment Insights
Based on property information with market context.
Built in 1913, this two-family Victorian contains 2,356 square feet across two units. The first-floor apartment has two bedrooms, hardwood and tile floors, and central air. Both residences have spacious living areas, and washer and dryer hookups are located in the basement.
Exterior features include covered porches, a fenced yard, a storage shed, and a carport with off-street parking. Separate electrical panels have been updated. The property is within walking distance of the MBTA Church Street commuter rail station, with service providing access to Boston.
Exterior features include covered porches, a fenced yard, a storage shed, and a carport with off-street parking. Separate electrical panels have been updated. The property is within walking distance of the MBTA Church Street commuter rail station, with service providing access to Boston.
Key Highlights
- Two‑family Victorian built in 1913
- 2,356 square feet across two units
- First‑floor unit includes two bedrooms, hardwood and tile flooring, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,866
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,320
$677.3K
Cap Rate 7%
$483,800
$483.8K
Cap Rate 9%
$376,289
$376.3K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$52.3K $22.20/SF
− Vacancy
−$3.9K −$1.67/SF
EGI
$48.4K $20.54/SF
− OpEx
−$14.5K −$6.16/SF
NOI
$33.9K $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%
$677,320
Cap Rate 7%
$483,800
Cap Rate 9%
$376,289
Alternative Uses
Best Use
Multifamily LT 5
$483.8K
$423.3K – $564.4K
NOI $33,866 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$444.2K
$388.6K – $518.2K
NOI $31,091 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$694.7K
$607.9K – $810.5K
NOI $48,628 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,028
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence has two bedrooms, central air, and hardwood and tile flooring.
Where is this duplex located?
The property is located at 252 Whitman Street New Bedford, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family Victorian built in 1913; 2,356 square feet across two units; First‑floor unit includes two bedrooms, hardwood and tile flooring, and central air
