Two-Family Residential Income
321 Arnold Street New Bedford, MA 02740
321 Arnold Street, New Bedford, MA, 02740
$650,000
For Sale
$650,000
Two separate units each offer two bedrooms, and the second-floor residence is fully renovated.
Property Size2,236 SF
Lot Size9,000.00 Acres
Price / SF$290.70
Days on Market13
Property Features for 321 Arnold Street
General Information
- Standard status
- Active
- Size
- 2,236 SF
- Lot size
- 9,000.00 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1897
Listing agency
Compass
(978) 248-8081
Listed by
The Mathew J. Arruda Group
Source
Elevatedboston
Added: Jul 10 Updated: Jul 21 at 6:11AM Checked: Jul 21 at 6:11AM
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 Compass
Investment Insights
Based on property information with market context.
This two-family residence features two separate units, each with two bedrooms and a spacious living area. The second-floor unit has been fully renovated with an updated design aesthetic and includes a dedicated office suite. Separate heating and electrical systems support independent operations.
Set on an oversized 9,000 SF lot, the property offers a large fenced-in backyard with mature trees, along with a private patio. A 5-car driveway provides off-street parking.
The property will be delivered fully vacant. It is centrally located with access to Downtown New Bedford and nearby highway access, and is close to St. Luke’s Hospital.
Set on an oversized 9,000 SF lot, the property offers a large fenced-in backyard with mature trees, along with a private patio. A 5-car driveway provides off-street parking.
The property will be delivered fully vacant. It is centrally located with access to Downtown New Bedford and nearby highway access, and is close to St. Luke’s Hospital.
Key Highlights
- Two‑family residence built in 1897 with two separate units
- Each unit offers 2 bedrooms and a spacious living area
- Second‑floor residence is fully renovated and includes a dedicated office suite
Local 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 | $49.6k | $22.20 |
| − Vacancy | −$3.7k | −$1.67 |
| EGI | $45.9k | $20.54 |
| − OpEx | −$13.8k | −$6.16 |
| NOI | $32.1k | $14.37 |
2,236 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$421.5K
$368.9K – $491.8K
NOI $29,508 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$659.3K
$576.9K – $769.2K
NOI $46,151 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units each offer two bedrooms, and the second-floor residence is fully renovated.
Where is this duplex located?
The property is located at 321 Arnold Street New Bedford, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family residence built in 1897 with two separate units; Each unit offers 2 bedrooms and a spacious living area; Second‑floor residence is fully renovated and includes a dedicated office suite
