Three-Unit Property with Fenced
New
For Sale
$709,000
320 Davis Street, New Bedford, MA 02746
Residential Income, New Bedford, MA
Property Size3,396 SF
Lot Size0.07 Acres
Price / SF$208.78
Days on Market2
Property Features for 320 Davis Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 9, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1
Parking
3
Directions
Please use GPS
Standard status
Active
APN
M:0103 L:0145,2899670
Size
3,396 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6399
Amenities
hardwood floors
vinyl replacement windows
full basement
laundry hookups
fenced-in yard
storage shed
central air
forced hot air gas heating
dishwasher
bidet
Building Details
Year built
1910
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 25
Changed: Aug 26
Last Checked: Aug 26 at 7:06AM
MLS# 73567743
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 3,396-square-foot triplex was built in 1910 and contains three units with three bedrooms per unit, totaling nine bedrooms. Interior features include hardwood flooring, vinyl replacement windows, and three laundry hookups. The full basement has exterior access through a full-size door, while the property also includes a fenced yard, storage shed, and driveway parking for approximately 3 cars.
The first-floor unit includes central air, gas-fired forced-hot-air heating, a dishwasher, and a bathroom bidet. Its heating system is approximately 5 years old. All kitchen appliances, including 3 refrigerators, transfer with the sale. The first-floor unit will be delivered vacant at closing. Lead-safe certificates are available for all 3 units. The property is zoned RC and occupies 0.0698 acres in New Bedford, MA.
The first-floor unit includes central air, gas-fired forced-hot-air heating, a dishwasher, and a bathroom bidet. Its heating system is approximately 5 years old. All kitchen appliances, including 3 refrigerators, transfer with the sale. The first-floor unit will be delivered vacant at closing. Lead-safe certificates are available for all 3 units. The property is zoned RC and occupies 0.0698 acres in New Bedford, MA.
Key Highlights
- 3,396 square feet with 3 units and 9 total bedrooms
- Three bedrooms in each unit
- Full basement with full‑size exterior door access
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
$48,816
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
6.89%
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%
$976,320
$976.3K
Cap Rate 7%
$697,371
$697.4K
Cap Rate 9%
$542,400
$542.4K
Market Conditions
NOI Build-Up for 3,396 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
$75.4K $22.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$69.7K $20.54/SF
− OpEx
−$20.9K −$6.16/SF
NOI
$48.8K $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%
$976,320
Cap Rate 7%
$697,371
Cap Rate 9%
$542,400
Alternative Uses
Best Use
Multifamily LT 5
$697.4K
$610.2K – $813.6K
NOI $48,816 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 6.32%
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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 - Three residences offer nine bedrooms, laundry hookups, driveway parking, and a full basement.
Where is this triplex 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 feet with 3 units and 9 total bedrooms; Three bedrooms in each unit; Full basement with full‑size exterior door access
