Three-Unit Residential Income
328 Sawyer Street New Bedford, MA 02746
328 Sawyer Street, New Bedford, MA, 02746
$650,000
For Sale
$650,000
Well-maintained triplex with three matching unit layouts and off-street parking.
Property Size3,165 SF
Price / SF$205.37
Days on Market95
Property Features for 328 Sawyer Street
General Information
- Standard status
- Active
- Size
- 3,165 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1903
Listing agency
LPT Realty - Home & Key Group
(774) 365-2673
Listed by
Maria Adamides
Source
Milburyre
Added: Apr 19 Updated: Jul 21 at 4:03PM Checked: Jul 22 at 7:30AM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
328 Sawyer Street is a well-maintained three-unit residential income property featuring three units with the same thoughtfully designed layout. The configuration supports consistent day-to-day functionality across the building, offering bright, inviting living spaces within a practical floor plan.
The property includes off-street parking. It is described as conveniently located near shopping, dining, schools, and major routes, providing straightforward access to everyday amenities.
The asset is offered for sale as a triplex, with the three-unit structure supporting income potential and owner-occupant flexibility, depending on how you intend to use the property.
The property includes off-street parking. It is described as conveniently located near shopping, dining, schools, and major routes, providing straightforward access to everyday amenities.
The asset is offered for sale as a triplex, with the three-unit structure supporting income potential and owner-occupant flexibility, depending on how you intend to use the property.
Key Highlights
- Well‑maintained triplex built in 1903 with three units
- Each unit has the same matching layout for consistent functionality across the property
- Off‑street parking included for residents and tenants
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 | $70.3k | $22.20 |
| − Vacancy | −$5.3k | −$1.67 |
| EGI | $65.0k | $20.54 |
| − OpEx | −$19.5k | −$6.16 |
| NOI | $45.5k | $14.37 |
3,165 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$649.9K
$568.7K – $758.3K
NOI $45,495 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$596.7K
$522.1K – $696.1K
NOI $41,768 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$933.2K
$816.6K – $1.09M
NOI $65,326 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained triplex with three matching unit layouts and off-street parking.
Where is this triplex located?
The property is located at 328 Sawyer 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: Well‑maintained triplex built in 1903 with three units; Each unit has the same matching layout for consistent functionality across the property; Off‑street parking included for residents and tenants
