Two-Family Duplex with Fenced
New
For Sale
$619,900
34 Dunbar Street, New Bedford, MA 02740
Two residences offer open living and dining areas, hardwood floors, and a partially finished basement with laundry hookups.
Property Size2,208 SF
Price / SF$280.75
Days on Market6
Property Features for 34 Dunbar Street
General Information
Standard status
Active
Size
2,208 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
hardwood floors
partially finished basement with washer and dryer hookups
fenced in yard
Building Details
Year Built
1911
Buildings
1
Listing Agency:
RE/MAX Vantage
Listed By:
Cristina Pereira
(508) 995-2676
Source:
Trufantre
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 16 at 9:18AM
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 RE/MAX Vantage
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Investment Insights
Based on property information with market context.
This two-family duplex contains 2,208 square feet and was built in 1911. Both floors have hardwood flooring, with open living and dining areas. The basement is partially finished and includes washer and dryer hookups.
The property has a fenced yard and a driveway with space for two cars. It is located in southwest New Bedford, a short distance from shopping, a school, and other facilities.
The property has a fenced yard and a driveway with space for two cars. It is located in southwest New Bedford, a short distance from shopping, a school, and other facilities.
Key Highlights
- Two‑family property with 2,208 square feet
- Built in 1911
- Hardwood flooring on both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,739
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,780
$634.8K
Cap Rate 7%
$453,414
$453.4K
Cap Rate 9%
$352,656
$352.7K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$49.0K $22.20/SF
− Vacancy
−$3.7K −$1.67/SF
EGI
$45.3K $20.54/SF
− OpEx
−$13.6K −$6.16/SF
NOI
$31.7K $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%
$634,780
Cap Rate 7%
$453,414
Cap Rate 9%
$352,656
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.7K – $529.0K
NOI $31,739 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$416.3K
$364.2K – $485.6K
NOI $29,138 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$651.0K
$569.7K – $759.6K
NOI $45,573 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,259
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer open living and dining areas, hardwood floors, and a partially finished basement with laundry hookups.
Where is this duplex located?
The property is located at 34 Dunbar Street New Bedford, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two‑family property with 2,208 square feet; Built in 1911; Hardwood flooring on both floors
