Duplex with Two-Car
For Sale
$525,900
365 Hersom, New Bedford, MA 02745
Residential Income, New Bedford, MA
Property Size3,062 SF
Lot Size0.10 Acres
Price / SF$171.75
Days on Market10
Property Features for 365 Hersom
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res RB
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Parking
6
Elementary school
Ashley
Middle school
Normandin Middle
High school
New Bedford High
Directions
195 E towards New Bedford. take exit 4 for MA-140. follow Kings Highway and Park Ave to Hersom St
Standard status
Active
APN
2902733
Size
3,062 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5612
Amenities
washer/dryer hookups
basement half bath
walk-up attic
backyard
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Sep 18
Changed: Sep 25
Last Checked: Sep 27 at 1:06PM
MLS# 73579622
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.
Investment Insights
Based on property information with market context.
This 3,062-square-foot duplex, built in 1923, contains two residential units with two bedrooms and an additional den or office area in each. The second-floor unit also includes another room for office, recreation, or living use. The first-floor unit is vacant and requires updating, including paint and floor refinishing. A two-car garage, separate storage area, full walk-up attic, and basement shelving add practical utility.
The basement provides washer and dryer hookups for both units, along with a half bathroom and laundry or utility sink. A washer and dryer are included with the first-floor unit. The property occupies 0.1033 acres in New Bedford, Massachusetts, and is zoned res RB. A spacious backyard provides outdoor area for gatherings and gardening.
The basement provides washer and dryer hookups for both units, along with a half bathroom and laundry or utility sink. A washer and dryer are included with the first-floor unit. The property occupies 0.1033 acres in New Bedford, Massachusetts, and is zoned res RB. A spacious backyard provides outdoor area for gatherings and gardening.
Key Highlights
- Two‑family duplex with 3,062 square feet of property size
- Two bedrooms plus a den or office area in each unit
- First‑floor unit is vacant and ready for updating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,015
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$880,300
$880.3K
Cap Rate 7%
$628,786
$628.8K
Cap Rate 9%
$489,056
$489.1K
Market Conditions
NOI Build-Up for 3,062 SF
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.
Gross rent
$68.0K $22.20/SF
− Vacancy
−$5.1K −$1.67/SF
EGI
$62.9K $20.54/SF
− OpEx
−$18.9K −$6.16/SF
NOI
$44.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$880,300
Cap Rate 7%
$628,786
Cap Rate 9%
$489,056
Alternative Uses
Best Use
Multifamily LT 5
$628.8K
$550.2K – $733.6K
NOI $44,015 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$577.3K
$505.1K – $673.5K
NOI $40,408 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$902.9K
$790.0K – $1.05M
NOI $63,200 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible living space, basement laundry hookups, and a full walk-up attic.
Where is this duplex located?
The property is located at 365 Hersom New Bedford, MA.
What is the asking price?
The asking price for this property is $525,900.
What are key features of this property?
This property features: Two‑family duplex with 3,062 square feet of property size; Two bedrooms plus a den or office area in each unit; First‑floor unit is vacant and ready for updating
