Two-Unit Duplex with Updated
New
For Sale
$420,000
26 Holly St, New Bedford, MA 02746
Vacant two-unit property with separate three-bedroom and two-bedroom residences, each offering one bathroom.
Property Size1,416 SF
Price / SF$296.61
Days on Market2
Property Features for 26 Holly St
General Information
Standard status
Active
Size
1,416 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RC
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,272
Building Details
Building Size
1,416 SF
Year Built
1898
Buildings
1
Stories
3
Listing Agency:
LAER Realty Partners
Listed By:
James Kalweit · License #9504840
(508) 685-5310
Source:
Laerrealty
Added: Oct 30
Last Checked: Oct 30 at 3:24PM
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 LAER Realty Partners
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Investment Insights
Based on property information with market context.
This 1,416-square-foot duplex contains two residences. The upper unit has three bedrooms and one bathroom; the lower unit has two bedrooms and one bathroom. Both units are vacant, and the building is easy to show.
Building improvements include newer windows, new siding, a new roof, and new carpeting. The property was built in 1898 and is zoned RC.
Building improvements include newer windows, new siding, a new roof, and new carpeting. The property was built in 1898 and is zoned RC.
Key Highlights
- Two units: upper residence has 3 bedrooms and 1 bathroom; lower residence has 2 bedrooms and 1 bathroom
- 1,416 square feet; built in 1898
- New roof, siding, carpeting, and newer windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,354
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,080
$407.1K
Cap Rate 7%
$290,771
$290.8K
Cap Rate 9%
$226,156
$226.2K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$31.4K $22.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$29.1K $20.54/SF
− OpEx
−$8.7K −$6.16/SF
NOI
$20.4K $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%
$407,080
Cap Rate 7%
$290,771
Cap Rate 9%
$226,156
Alternative Uses
Best Use
Multifamily LT 5
$290.8K
$254.4K – $339.2K
NOI $20,354 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,687 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$417.5K
$365.3K – $487.1K
NOI $29,226 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with separate three-bedroom and two-bedroom residences, each offering one bathroom.
Where is this duplex located?
The property is located at 26 Holly St New Bedford, MA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two units: upper residence has 3 bedrooms and 1 bathroom; lower residence has 2 bedrooms and 1 bathroom; 1,416 square feet; built in 1898; New roof, siding, carpeting, and newer windows
