Triplex with Renovated
New
For Sale
$695,000
283 Pleasant St, New Bedford, MA 02740
MULTI_FAMILY - New Bedford, MA
Property Size3,919 SF
Lot Size0.11 Acres
Price / SF$177.34
Days on Market1
Property Features for 283 Pleasant St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 9, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 7
Parking
6
Fireplace
1
Directions
use GPS
Subdivision
Center
Standard status
Active
APN
M:0041 L:0030,2889250
Size
3,919 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6479
Building Details
Year built
1871
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Aug 2
Last Checked: Aug 2 at 12:06PM
MLS# 73557985
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex at 283 Pleasant St in New Bedford offers a three-unit setup with three 3-bedroom units. The first and second-floor apartments have been renovated with updated finishes, and the second-floor unit includes two full bathrooms. The home includes fireplace features and provides off-street parking, plus a detached 1-car garage.
Built in 1871, the property sits on a 0.1105-acre lot with 3,919 SF of building area. It is located just moments from Historic Downtown New Bedford and is also near the waterfront, restaurants, shopping, public transportation, commuter rail, and major highways.
Zoned RC, this residence can fit a variety of owner-occupant or multi-family investment strategies where a renovated 3-unit configuration and on-site parking are key.
Built in 1871, the property sits on a 0.1105-acre lot with 3,919 SF of building area. It is located just moments from Historic Downtown New Bedford and is also near the waterfront, restaurants, shopping, public transportation, commuter rail, and major highways.
Zoned RC, this residence can fit a variety of owner-occupant or multi-family investment strategies where a renovated 3-unit configuration and on-site parking are key.
Key Highlights
- Three 3‑bedroom units with first- and second‑floor renovations and updated finishes
- Second‑floor unit includes 2 full bathrooms
- Off‑street parking plus detached 1‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.0k | $22.20 |
| − Vacancy | −$6.5k | −$1.67 |
| EGI | $80.5k | $20.54 |
| − OpEx | −$24.1k | −$6.16 |
| NOI | $56.3k | $14.37 |
3,919 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$804.8K
$704.2K – $938.9K
NOI $56,334 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$738.8K
$646.5K – $862.0K
NOI $51,718 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,888 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,956
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 - Triplex in RC zoning with three units, off-street parking, and a detached 1-car garage near downtown New Bedford.
Where is this triplex located?
The property is located at 283 Pleasant St New Bedford, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three 3‑bedroom units with first- and second‑floor renovations and updated finishes; Second‑floor unit includes 2 full bathrooms; Off‑street parking plus detached 1‑car garage
