Two-Family Residential Income
For Sale
$555,000
300 Maxfield, New Bedford, MA 02740
Two-unit duplex features separate layouts across one- and multi-level spaces, including shared outdoor recreation areas.
Property Size1,785 SF
Price / SF$310.92
Days on Market57
Property Features for 300 Maxfield
General Information
Standard status
Active
Size
1,785 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
1,785 SF
Year Built
1879
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO
(508) 951-4104
Source:
Iverty
Added: Jul 13
Changed: Sep 6
Last Checked: Sep 6 at 7:58AM
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 Vantage
Investment Insights
Based on property information with market context.
This two-family duplex offers two distinct residential units with separate floor plan configurations. The first-floor unit includes a one-bedroom layout with a generously sized kitchen and comfortable living area. The second unit features a cottage-style design spanning the second and third levels, with four bedrooms, one full bath, and a living room.
Both units include large kitchens with ample cabinet and counter space. The property also includes outdoor amenities with a large fenced-in backyard, an above-ground pool, and a fishpond, providing additional on-site recreation space.
The home has a recently placed new roof. The property is powered by leased solar panels. The duplex is described as being conveniently located close to shopping, dining, schools, and major commuter routes.
Both units include large kitchens with ample cabinet and counter space. The property also includes outdoor amenities with a large fenced-in backyard, an above-ground pool, and a fishpond, providing additional on-site recreation space.
The home has a recently placed new roof. The property is powered by leased solar panels. The duplex is described as being conveniently located close to shopping, dining, schools, and major commuter routes.
Key Highlights
- Two‑family duplex built in 1879 with separate layouts across one- and multi‑level spaces
- First‑floor unit: 1 bedroom with a spacious kitchen and comfortable living area
- Second unit spans the 2nd and 3rd levels with 4 bedrooms, 1 full bath, and a large living room
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
$25,658
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
4.62%
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%
$513,160
$513.2K
Cap Rate 7%
$366,543
$366.5K
Cap Rate 9%
$285,089
$285.1K
Market Conditions
NOI Build-Up for 1,785 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
$39.6K $22.20/SF
− Vacancy
−$3.0K −$1.67/SF
EGI
$36.7K $20.54/SF
− OpEx
−$11.0K −$6.16/SF
NOI
$25.7K $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%
$513,160
Cap Rate 7%
$366,543
Cap Rate 9%
$285,089
Alternative Uses
Best Use
Multifamily LT 5
$366.5K
$320.7K – $427.6K
NOI $25,658 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$336.5K
$294.5K – $392.6K
NOI $23,556 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$526.3K
$460.5K – $614.0K
NOI $36,842 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,986
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?
Duplex - Two-unit duplex features separate layouts across one- and multi-level spaces, including shared outdoor recreation areas.
Where is this duplex located?
The property is located at 300 Maxfield New Bedford, MA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two‑family duplex built in 1879 with separate layouts across one- and multi‑level spaces; First‑floor unit: 1 bedroom with a spacious kitchen and comfortable living area; Second unit spans the 2nd and 3rd levels with 4 bedrooms, 1 full bath, and a large living room
