Two-Unit Duplex with Finished Third
For Sale
$529,900
27-29 Willow Street, New Bedford, MA 02740
Two apartments provide four- and three-bedroom layouts, with additional finished space on the upper level.
Property Size2,467 SF
Price / SF$214.80
Days on Market15
Property Features for 27-29 Willow Street
General Information
Standard status
Active
Size
2,467 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1914
Tenancy
Multi
Listing Agency:
LPT Realty - Home & Key Group
Listed By:
Jenna Danielli · License #9567257
(508) 985-3157
Source:
Cabotandcompany
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 8:27AM
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.
This 1914 duplex contains two apartments with distinct layouts: the first-floor residence has four bedrooms, while the second-floor unit includes three bedrooms and a double parlor. A finished third floor adds further interior space. The building totals 2,467 square feet.
Located at 27-29 Willow St in New Bedford, the property offers a two-unit residential configuration across multiple levels.
Located at 27-29 Willow St in New Bedford, the property offers a two-unit residential configuration across multiple levels.
Key Highlights
- Two‑unit duplex built in 1914
- First‑floor apartment has four bedrooms
- Second‑floor apartment has three bedrooms and a double parlor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,462
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,240
$709.2K
Cap Rate 7%
$506,600
$506.6K
Cap Rate 9%
$394,022
$394.0K
Market Conditions
NOI Build-Up for 2,467 SF
Gross rent
$54.8K $22.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$50.7K $20.54/SF
− OpEx
−$15.2K −$6.16/SF
NOI
$35.5K $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%
$709,240
Cap Rate 7%
$506,600
Cap Rate 9%
$394,022
Alternative Uses
Best Use
Multifamily LT 5
$506.6K
$443.3K – $591.0K
NOI $35,462 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$465.1K
$407.0K – $542.6K
NOI $32,556 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$727.4K
$636.5K – $848.7K
NOI $50,919 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments provide four- and three-bedroom layouts, with additional finished space on the upper level.
Where is this duplex located?
The property is located at 27-29 Willow Street New Bedford, MA.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1914; First‑floor apartment has four bedrooms; Second‑floor apartment has three bedrooms and a double parlor
