Renovated 3-Unit
270 Tinkham Street, New Bedford, MA 02746
For Sale
New
$680,000
Three apartments offer updated kitchens and baths, with off-street parking and a detached three-car garage.
Property Size3,489 SF
Price / SF$194.90
Days on Market6
Property Features for 270 Tinkham Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
DRM Real Estate,Inc
Listed By:
Miguel Miranda
(774) 826-5033
Source:
Highlandre
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:55AM
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 DRM Real Estate,Inc
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Investment Insights
Based on property information with market context.
This 3,489-square-foot triplex contains three apartments with varying levels of interior updates. The first-floor unit features a kitchen with granite counters and stainless steel refrigerator and stove, refinished hardwood floors, and a bathroom with a 44-inch vanity and jetted soaking tub. The third-floor apartment has renovated kitchen and bathroom finishes, including granite counters, stainless steel appliances, new fixtures, and refinished hardwood. The second-floor kitchen and bath were updated within the past five years.
Exterior work includes vinyl siding and a roof completed within the past three years. A paved lot provides off-street parking, and the property includes a three-car garage. Built in 1909.
Exterior work includes vinyl siding and a roof completed within the past three years. A paved lot provides off-street parking, and the property includes a three-car garage. Built in 1909.
Key Highlights
- Three‑apartment multifamily property measuring 3,489 square feet
- Three‑car garage plus off‑street parking on a paved lot
- First‑floor unit includes granite kitchen counters, stainless steel appliances, and a jetted soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,153
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,060
$1.0M
Cap Rate 7%
$716,471
$716.5K
Cap Rate 9%
$557,256
$557.3K
Market Conditions
NOI Build-Up for 3,489 SF
Gross rent
$77.5K $22.20/SF
− Vacancy
−$5.8K −$1.67/SF
EGI
$71.6K $20.54/SF
− OpEx
−$21.5K −$6.16/SF
NOI
$50.2K $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%
$1,003,060
Cap Rate 7%
$716,471
Cap Rate 9%
$557,256
Alternative Uses
Best Use
Multifamily LT 5
$716.5K
$626.9K – $835.9K
NOI $50,153 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$657.8K
$575.5K – $767.4K
NOI $46,043 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.03M
$900.2K – $1.20M
NOI $72,013 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
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Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in New Bedford, MA
Properties on Market for Triplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer updated kitchens and baths, with off-street parking and a detached three-car garage.
Where is this triplex located?
The property is located at 270 Tinkham Street New Bedford, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Three‑apartment multifamily property measuring 3,489 square feet; Three‑car garage plus off‑street parking on a paved lot; First‑floor unit includes granite kitchen counters, stainless steel appliances, and a jetted soaking tub
