Multifamily Property with Off-Street
For Sale
$709,000
Pending
320 Davis Street, New Bedford, MA 02746
The building includes unfinished concrete basement space with interior access.
Property Size3,396 SF
Days on Market42
Property Features for 320 Davis Street
General Information
Standard status
Pending
Size
3,396 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
RC
Taxes and HOA fees
Annual Taxes
$6,399
Amenities
Park
Full, Interior Entry, Concrete, Unfinished
Paved, Off Street
Building Details
Building Size
3,396 SF
Year Built
1910
Stories
3
Listing Agency:
RE/MAX Vantage
Listed By:
Melisa Gagne · License #9551506
(508) 264-6905
Source:
Evrealestate
Added: Aug 25
Changed: Sep 28
Last Checked: Oct 4 at 8:55AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This multifamily property contains 3,396 square feet and was built in 1910. Its basement is unfinished, with a concrete floor and interior entry. Paved off-street parking is also part of the property.
Key Highlights
- 3,396‑square‑foot multifamily property
- Built in 1910
- Unfinished concrete basement with interior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,816
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,320
$896.3K
Cap Rate 7%
$640,229
$640.2K
Cap Rate 9%
$497,956
$498.0K
Market Conditions
NOI Build-Up for 3,396 SF
Gross rent
$87.6K $25.80/SF
− Vacancy
−$6.1K −$1.81/SF
EGI
$81.5K $23.99/SF
− OpEx
−$36.7K −$10.80/SF
NOI
$44.8K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,320
Cap Rate 7%
$640,229
Cap Rate 9%
$497,956
Alternative Uses
Best Use
Apartment 5plus
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$876.2K – $1.17M
NOI $70,093 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The building includes unfinished concrete basement space with interior access.
Where is this multifamily property located?
The property is located at 320 Davis Street New Bedford, MA.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 3,396‑square‑foot multifamily property; Built in 1910; Unfinished concrete basement with interior entry
