324 Cottage St, New Bedford, MA 02740
MULTI_FAMILY - New Bedford, MA
- Added:
- Jun 21, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 23 at 1:06 am
Property Features for 324 Cottage St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3
- Parking
- 3
- Fireplace
- 1
- Standard status
- Active
- APN
- M:0058 L:0245,2893148
- Size
- 3,385 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5715
Building Details
- Year built
- 1891
- Floors in Building
- 3
- Number of units
- 3
Listing agent Clifford Ponte License #9554597 (508) 677-3233
Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA (508) 677-3233
Listing date Jun 21, 2026
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.
HighLights
- Well‑maintained 3‑family home built in 1891 with a full basement
- Unit 1: 2 bedrooms, double parlor with potential 3rd BR conversion, plus in‑unit laundry
- Unit 2: 3 bedrooms plus a flexible bonus room for a 4th BR or home office
- Unit 3: 2 spacious bedrooms with ample living space
- Major updates include brand‑new PVC waste piping in the basement and separate utilities for each unit
- Private backyard with off‑street driveway parking for up to 3 cars
Overview
The home is located in New Bedford, Massachusetts, on Cottage St. Exterior features include a private backyard and off-street driveway parking for up to three cars.
For buyers or operators seeking a manageable residential income asset, this layout supports a range of tenant preferences with multiple bedroom options across the units. The combination of in-unit laundry in Unit 1, additional laundry hookups in the basement, and separate utilities for each unit can simplify day-to-day living for tenants and reduce shared-service issues.
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 | $75.1k | $22.20 |
| − Vacancy | −$5.6k | −$1.67 |
| EGI | $69.5k | $20.54 |
| − OpEx | −$20.9k | −$6.16 |
| NOI | $48.7k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.933856
- Latitude
- 41.638695
