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Well-Maintained Three-Family Home

264 Weld St, New Bedford, MA 02740

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For Sale

$609,900

Three-family home in New Bedford with driveway and backyard.

Type:Investment

Property size:

3,348 SF

Price / SF:

$182/SF

HighLights

Large 3‑Family Home: 3348 sq ft with three 3‑bedroom apartments.
Prime Location: Close to shopping, dining, St Luke's Hospital, and highway access.
Off‑Street Parking: Driveway parking for multiple cars.
Well‑Maintained: Incredibly well‑maintained property.
Private Backyard: Offers a private green backyard.
Low‑Maintenance Exterior: Vinyl siding for a maintenance‑free exterior.

We can help!

Listing Contact

Adam Walorz

Learn more

For Sale

$609,900

Three-family home in New Bedford with driveway and backyard.

Type:Investment

Property size:

3,348 SF

Price / SF:

$182/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 4:46 pm

Property Features for 264 Weld St

General Information

Standard status: Active
Size: 3,348 SF
Property subtype: Investment

Building Details

Year Built: 1909

We can help!

Listing Contact

Adam Walorz

Listing agent Adam Walorz

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Adam Walorz

HighLights

Large 3‑Family Home: 3348 sq ft with three 3‑bedroom apartments.
Prime Location: Close to shopping, dining, St Luke's Hospital, and highway access.
Off‑Street Parking: Driveway parking for multiple cars.
Well‑Maintained: Incredibly well‑maintained property.
Private Backyard: Offers a private green backyard.
Low‑Maintenance Exterior: Vinyl siding for a maintenance‑free exterior.

Overview

This well-maintained, three-family home is located in New Bedford. The property features 3,348 square feet of living space. Each of the three units includes three bedrooms. The apartments feature hardwood floors, tiled bathrooms, and sun-filled bedrooms. The property includes driveway parking for multiple cars and a private green backyard. It is conveniently located minutes from shopping, dining, convenience stores, St Luke’s Hospital, and highway access. The property's location has a walk score of 89, indicating it is very walkable, a bike score of 48, indicating it is somewhat bikeable, and a transit score of 37, indicating some transit options are available.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $48,126 @ 7.0% cap · market cap 7.89%

Second Best

Apartment 5plus

$631.2K

$552.3K – $736.4K (±1% cap)

NOI $44,183 @ 7.0% cap · market cap 7.24%

Theoretical Best

Office A

$987.2K

$863.8K – $1.15M (±1% cap)

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

Suggested Use

Location Insight

Map
Local Demand

City: New Bedford
County: Bristol
State: Massachusetts
Longitude: -70.9346693
Latitude: 41.6507074

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For sale
Triplexes
MA
New Bedford
02740
264 Weld St

What type of property is this?

Triplex - Three-family home in New Bedford with driveway and backyard.

Where is this triplex located?

The property is located at 264 Weld St 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: Large 3‑Family Home: 3348 sq ft with three 3‑bedroom apartments.; Prime Location: Close to shopping, dining, St Luke's Hospital, and highway access.; Off‑Street Parking: Driveway parking for multiple cars.