Duplex with Fenced
For Sale
$555,000
300 Maxfield, New Bedford, MA 02740
Residential Income, New Bedford, MA
Property Size1,785 SF
Lot Size0.14 Acres
Price / SF$310.92
Days on Market48
Property Features for 300 Maxfield
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4
Parking
2
Directions
Please Use GPS
Standard status
Active
APN
M57 0333,2892888
Size
1,785 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5102
Amenities
fenced backyard
above ground pool
fishpond
Building Details
Year built
1879
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 29 at 2:06PM
MLS# 73548925
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 duplex contains two distinct residential units. The first-floor apartment has one bedroom, a generously proportioned kitchen, and a comfortable living area. A second apartment occupies the upper two levels with four bedrooms, one full bathroom, a sizable living room, and a large kitchen with substantial cabinet and counter space. The property includes two bathrooms overall.
Outdoor improvements include a fenced backyard, an above-ground pool, and a fishpond. The roof was recently replaced, and the property uses leased solar panels. Built in 1879, the building is situated on a 0.1368-acre lot and contains 1,785 square feet. Zoning is RB. The property is located near shopping, dining, schools, and major commuter routes in New Bedford, Massachusetts.
Outdoor improvements include a fenced backyard, an above-ground pool, and a fishpond. The roof was recently replaced, and the property uses leased solar panels. Built in 1879, the building is situated on a 0.1368-acre lot and contains 1,785 square feet. Zoning is RB. The property is located near shopping, dining, schools, and major commuter routes in New Bedford, Massachusetts.
Key Highlights
- Two‑unit duplex with one‑bedroom and four‑bedroom layouts
- 1,785 square feet on a 0.1368‑acre lot
- Fenced backyard with above‑ground pool and fishpond
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
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 - Separate one- and four-bedroom layouts support flexible occupancy and rental use.
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‑unit duplex with one‑bedroom and four‑bedroom layouts; 1,785 square feet on a 0.1368‑acre lot; Fenced backyard with above‑ground pool and fishpond
