Well-Maintained Three-Family
264 Weld Street, New Bedford, MA 02740
Spacious three-unit property in a prime New Bedford location.
Type:Multi-family / 3 Family - 3 Units Up/Down
Property size:
3,348 SFPrice / SF:
$182/SF- Added:
- Jan 23, 2026
- Days on Market:
- 130
- Last Refresh:
- Mar 13 at 1:58 pm
Property Features for 264 Weld Street
General Information
- Standard status
- Active
- Size
- 3,348 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1909
Listing agent Adam Walorz License #9570473 (508) 440-6100
Listing office Today Real Estate, Inc. (508) 440-6100
Listing date Jan 23, 2026
Source Compass
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 Today Real Estate, Inc.
HighLights
- Massive 3348 sq ft, 3‑family home, ideal for investment or multi‑generational living.
- Prime location: Minutes from shopping, dining, St Luke's Hospital, and highway access.
- Off‑street driveway parking for multiple cars and a private green backyard.
- Three spacious 3‑bedroom apartments, each with a double parlor.
- Fully applianced apartments featuring hardwood floors and tile bathrooms.
- Low‑maintenance vinyl siding exterior.
Overview
This well-maintained, 3,348 square foot, three-family home is located in New Bedford. The property features off-street driveway parking for multiple cars and a private green backyard. Its location provides convenient access to shopping, dining, convenience stores, St. Luke’s Hospital, and the highway. The building has a vinyl-sided, maintenance-free exterior. Each of the three levels contains a three-bedroom apartment with a double parlor. The apartments are fully applianced and feature hardwood floors, tile bathrooms, and sun-filled bedrooms.
Local 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 | $74.3k | $22.20 |
| − Vacancy | −$5.6k | −$1.67 |
| EGI | $68.8k | $20.54 |
| − OpEx | −$20.6k | −$6.16 |
| NOI | $48.1k | $14.37 |
3,348 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$687.5K
$601.6K – $802.1K
NOI $48,126 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$631.2K
$552.3K – $736.4K
NOI $44,183 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$987.2K
$863.8K – $1.15M
NOI $69,103 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9346693
- Latitude
- 41.6507074
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Spacious three-unit property in a prime New Bedford location.
Where is this triplex located?
The property is located at 264 Weld Street New Bedford, MA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Massive 3348 sq ft, 3‑family home, ideal for investment or multi‑generational living.; Prime location: Minutes from shopping, dining, St Luke's Hospital, and highway access.; Off‑street driveway parking for multiple cars and a private green backyard.
