Updated Three-Unit
For Sale
$629,999
27 Juniper Street, New Bedford, MA 02740
Modernized apartments offer separate utilities, off-street parking, a detached garage, and a level resident yard.
Property Size2,673 SF
Price / SF$235.69
Days on Market77
Property Features for 27 Juniper Street
General Information
Standard status
Active
Size
2,673 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Amenities
yard
Building Details
Year Built
1899
Buildings
1
Listing Agency:
RE/MAX Impact
(508) 717-3070
Listed By:
Jonathan Wojtowicz · License #451503440
Source:
Milburyre
Added: Jun 16
Changed: Aug 29
Last Checked: Aug 30 at 5:30PM
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 RE/MAX Impact
Investment Insights
Based on property information with market context.
Built in 1899, this triplex contains three two-bedroom apartments with updated interiors. Each unit includes a functional kitchen with substantial cabinetry and counter space. Separate utilities serve the apartments, while the property also includes off-street parking, a detached garage, and a level yard for resident use.
The property is located at 27 Juniper Street in New Bedford, Massachusetts, with access to major highways, local shopping, and public transit. The garage provides additional enclosed space for storage or other owner-directed use.
The property is located at 27 Juniper Street in New Bedford, Massachusetts, with access to major highways, local shopping, and public transit. The garage provides additional enclosed space for storage or other owner-directed use.
Key Highlights
- Three two‑bedroom apartments in an updated triplex
- Separate utilities for each unit
- Detached garage with enclosed storage potential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$768,460
$768.5K
Cap Rate 7%
$548,900
$548.9K
Cap Rate 9%
$426,922
$426.9K
Market Conditions
NOI Build-Up for 2,673 SF
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.
Gross rent
$59.3K $22.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$54.9K $20.54/SF
− OpEx
−$16.5K −$6.16/SF
NOI
$38.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$768,460
Cap Rate 7%
$548,900
Cap Rate 9%
$426,922
Alternative Uses
Best Use
Multifamily LT 5
$548.9K
$480.3K – $640.4K
NOI $38,423 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$503.9K
$440.9K – $587.9K
NOI $35,275 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$788.2K
$689.6K – $919.5K
NOI $55,171 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Modernized apartments offer separate utilities, off-street parking, a detached garage, and a level resident yard.
Where is this triplex located?
The property is located at 27 Juniper Street New Bedford, MA.
What is the asking price?
The asking price for this property is $629,999.
What are key features of this property?
This property features: Three two‑bedroom apartments in an updated triplex; Separate utilities for each unit; Detached garage with enclosed storage potential
