Updated Triplex with Vacant
For Sale
$649,000
Pending
27 Bourne St, New Bedford, MA 02740
Three-family property with renovated kitchens and bathrooms, plus a third-floor unit available for occupancy.
Property Size2,781 SF
Days on Market186
Property Features for 27 Bourne St
General Information
Standard status
Pending
Size
2,781 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RB
Additional Details
Multifamily Units
3
Building Details
Building Size
2,781 SF
Year Built
1897
Stories
3
Listing Agency:
LDS Realty Group, Inc.
Listed By:
Jerry Smith · License #9539761
(781) 885-3286
Source:
Cjbarrett
Added: Apr 28
Changed: Oct 25
Last Checked: May 28 at 5:47AM
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 LDS Realty Group, Inc.
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Investment Insights
Based on property information with market context.
This three-family residential property contains 18 rooms across three units and was built in 1897. The kitchens and bathrooms in all three residences have been updated in recent years, while the overall property has been maintained. The third-floor unit will be delivered vacant, creating immediate occupancy flexibility for an owner occupant or investor.
Located at 27 Bourne Street in New Bedford, Massachusetts, the property offers a multifamily configuration with improvements already completed to key interior areas. Its three-unit layout and vacant third-floor residence provide a straightforward ownership and occupancy structure.
Located at 27 Bourne Street in New Bedford, Massachusetts, the property offers a multifamily configuration with improvements already completed to key interior areas. Its three-unit layout and vacant third-floor residence provide a straightforward ownership and occupancy structure.
Key Highlights
- Three‑family property with 18 rooms total
- Kitchens and bathrooms updated in all three units in recent years
- Third‑floor unit will be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,975
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,500
$799.5K
Cap Rate 7%
$571,071
$571.1K
Cap Rate 9%
$444,167
$444.2K
Market Conditions
NOI Build-Up for 2,781 SF
Gross rent
$61.7K $22.20/SF
− Vacancy
−$4.6K −$1.67/SF
EGI
$57.1K $20.54/SF
− OpEx
−$17.1K −$6.16/SF
NOI
$40.0K $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%
$799,500
Cap Rate 7%
$571,071
Cap Rate 9%
$444,167
Alternative Uses
Best Use
Multifamily LT 5
$571.1K
$499.7K – $666.3K
NOI $39,975 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$524.3K
$458.8K – $611.7K
NOI $36,700 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$820.0K
$717.5K – $956.7K
NOI $57,400 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,252
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?
Triplex - Three-family property with renovated kitchens and bathrooms, plus a third-floor unit available for occupancy.
Where is this triplex located?
The property is located at 27 Bourne St New Bedford, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three‑family property with 18 rooms total; Kitchens and bathrooms updated in all three units in recent years; Third‑floor unit will be delivered vacant
