Updated Two-Level Income
336 Davis Street New Bedford, MA 02746
336 Davis Street, New Bedford, MA, 02746
$459,000
For Sale
$459,000
Updated two-level cottage includes 3 bedrooms and a full basement, plus a separate 1-bedroom unit with its own entrance.
Property Size1,589 SF
Price / SF$288.86
Days on Market51
Property Features for 336 Davis Street
General Information
- Standard status
- Active
- Size
- 1,589 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1901
Listing agency
Morning Star Realty INC.
(508) 287-5291
Listed by
Dawn Devlin · License #9563316
(508) 287-5291
Source
Compass
Added: Jun 3 Updated: Jul 21 at 7:09PM Checked: Jul 22 at 6:42AM
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 Morning Star Realty INC.
Investment Insights
Based on property information with market context.
This updated two-level cottage offers single-family comfort along with income-producing flexibility. The main residence features 3 bedrooms and 1 full bath, a fully applianced eat-in kitchen with a large granite island, and porcelain tile finishes in the kitchen and living room. Additional interior amenities include a formal dining room, oversized closets, and access to a full basement with a wet closet and abundant storage.
The property also includes a remodeled 1-bedroom, two-level apartment with a separate entrance and utilities, along with crawl space storage. Exterior features include an enclosed front porch, cedar impression vinyl siding, and a fenced-in corner lot with a small yard and off-street parking provided by a 2-car driveway.
The listing notes that the fireplace is not present and that window boxes do not stay with the property.
The property also includes a remodeled 1-bedroom, two-level apartment with a separate entrance and utilities, along with crawl space storage. Exterior features include an enclosed front porch, cedar impression vinyl siding, and a fenced-in corner lot with a small yard and off-street parking provided by a 2-car driveway.
The listing notes that the fireplace is not present and that window boxes do not stay with the property.
Key Highlights
- Updated two‑level cottage with 3 bedrooms, 1 full bath, and a full walk‑out basement with wet closet and abundant storage
- Kitchen with granite island and fully applianced eat‑in layout, plus porcelain tile in kitchen and living area
- Separate income‑producing 1‑bedroom apartment with its own entrance and crawl space storage
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 | $35.3k | $22.20 |
| − Vacancy | −$2.6k | −$1.67 |
| EGI | $32.6k | $20.54 |
| − OpEx | −$9.8k | −$6.16 |
| NOI | $22.8k | $14.37 |
1,589 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.7K
NOI $22,841 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$299.6K
$262.1K – $349.5K
NOI $20,970 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$468.5K
$410.0K – $546.6K
NOI $32,797 @ 7.0% cap · market cap 7.15%
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 - Updated two-level cottage includes 3 bedrooms and a full basement, plus a separate 1-bedroom unit with its own entrance.
Where is this duplex located?
The property is located at 336 Davis Street New Bedford, MA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Updated two‑level cottage with 3 bedrooms, 1 full bath, and a full walk‑out basement with wet closet and abundant storage; Kitchen with granite island and fully applianced eat‑in layout, plus porcelain tile in kitchen and living area; Separate income‑producing 1‑bedroom apartment with its own entrance and crawl space storage
