Duplex with Unfinished
For Sale
$409,900
26 Ashland Pl, New Bedford, MA 02740
Two matching residences offer separate utilities, private outdoor space, and off-street parking in New Bedford.
Property Size2,096 SF
Price / SF$195.56
Days on Market98
Property Features for 26 Ashland Pl
General Information
Standard status
Active
Size
2,096 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RB
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,912
Amenities
fenced-in side yard
waterfront
Building Details
Building Size
2,096 SF
Year Built
1908
Stories
2
Listing Agency:
REMAX Executive Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 27
Changed: Aug 31
Last Checked: Aug 31 at 12:50PM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This 2,096-square-foot duplex, built in 1908, contains two matching residences, each with two bedrooms and one full bathroom. Separate utilities serve the units, and the property is offered fully vacant. A newer roof is in place, while the unfinished attic provides additional space for future planning. The grounds include a fenced side yard and off-street parking.
The property is located at 26 Ashland Pl in New Bedford, near downtown, the waterfront, restaurants, shopping, and major highways. RB zoning is identified for the property. Its two-unit configuration supports both investor ownership and an owner-occupant arrangement, with one residence available for personal use while the other is rented.
The property is located at 26 Ashland Pl in New Bedford, near downtown, the waterfront, restaurants, shopping, and major highways. RB zoning is identified for the property. Its two-unit configuration supports both investor ownership and an owner-occupant arrangement, with one residence available for personal use while the other is rented.
Key Highlights
- Two‑unit duplex with 2,096 SF of building area
- Each unit has 2 bedrooms and 1 full bath
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,129
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$602,580
$602.6K
Cap Rate 7%
$430,414
$430.4K
Cap Rate 9%
$334,767
$334.8K
Market Conditions
NOI Build-Up for 2,096 SF
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.
Gross rent
$46.5K $22.20/SF
− Vacancy
−$3.5K −$1.67/SF
EGI
$43.0K $20.54/SF
− OpEx
−$12.9K −$6.16/SF
NOI
$30.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$602,580
Cap Rate 7%
$430,414
Cap Rate 9%
$334,767
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.2K
NOI $30,129 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$395.1K
$345.8K – $461.0K
NOI $27,660 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$618.0K
$540.8K – $721.0K
NOI $43,261 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer separate utilities, private outdoor space, and off-street parking in New Bedford.
Where is this duplex located?
The property is located at 26 Ashland Pl New Bedford, MA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,096 SF of building area; Each unit has 2 bedrooms and 1 full bath; Separate utilities for each residence
