Historic Duplex with Two-Story
For Sale
$430,000
Pending
33 Madison St, New Bedford, MA 02740
Historic two-story duplex offering multiple bedrooms, two full and two half baths, and a two-car garage.
Property Size2,484 SF
Lot Size11.53 Acres
Days on Market72
Property Features for 33 Madison St
General Information
Standard status
Pending
Size
2,484 SF
Total Parking Spaces
2
Lot size
11.53 Acres
Property subtype
Duplex
Building Details
Year Built
1839
Stories
2
Listing Agency:
Mosaic Realty Group, Inc.
(508) 542-4009
Listed By:
Miriam Watkins
(508) 496-5431
Source:
Lockandkeyre
Added: Jul 26
Changed: Oct 4
Last Checked: Oct 4 at 10:14AM
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 Mosaic Realty Group, Inc.
Investment Insights
Based on property information with market context.
Built in 1839, this historic two-story duplex at 33 Madison St in New Bedford, MA combines character with practical multi-occupant layout. The property is described as having six bedrooms, supported by two full bathrooms and two half bathrooms distributed across the living space.
The home also includes a two-car garage for secure parking and additional storage. The listing materials describe approximately 41,140 square feet of living area on a 502,000 square foot lot, reflecting a significant site and substantial interior footprint.
A private viewing is recommended to fully appreciate the scale of this historic residential income property and its configuration for multiple occupants.
The home also includes a two-car garage for secure parking and additional storage. The listing materials describe approximately 41,140 square feet of living area on a 502,000 square foot lot, reflecting a significant site and substantial interior footprint.
A private viewing is recommended to fully appreciate the scale of this historic residential income property and its configuration for multiple occupants.
Key Highlights
- Built in 1839
- Two‑story duplex layout with six bedrooms
- 2 full bathrooms and 2 half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,706
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,120
$714.1K
Cap Rate 7%
$510,086
$510.1K
Cap Rate 9%
$396,733
$396.7K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$55.1K $22.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$51.0K $20.54/SF
− OpEx
−$15.3K −$6.16/SF
NOI
$35.7K $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 Rate 5%
$714,120
Cap Rate 7%
$510,086
Cap Rate 9%
$396,733
Alternative Uses
Best Use
Multifamily LT 5
$510.1K
$446.3K – $595.1K
NOI $35,706 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$468.3K
$409.8K – $546.4K
NOI $32,781 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$732.4K
$640.9K – $854.5K
NOI $51,270 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Historic two-story duplex offering multiple bedrooms, two full and two half baths, and a two-car garage.
Where is this duplex located?
The property is located at 33 Madison St New Bedford, MA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Built in 1839; Two‑story duplex layout with six bedrooms; 2 full bathrooms and 2 half bathrooms
