Three-Story Multifamily
New
For Sale
$450,000
366 Earle St, New Bedford, MA 02740
Five bedrooms and three full bathrooms are arranged across a three-level layout.
Property Size1,798 SF
Lot Size0.09 Acres
Price / SF$250.28
Days on Market3
Property Features for 366 Earle St
General Information
Standard status
Active
Size
1,798 SF
Lot size
0.09 Acres
Property subtype
Multi-Family
Building Details
Year Built
1908
Stories
3
Listing Agency:
Raquel Medina, Lock And Key Realty Inc
Listed By:
The Ponte Group
(508) 642-4802
Source:
Pontegroupne
Added: Oct 28
Last Checked: Oct 30 at 2:42PM
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 Raquel Medina, Lock And Key Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1908, this multifamily residence contains 1,798 square feet across 3.0 stories. The interior includes five bedrooms and three full bathrooms, with the vertical layout separating living areas by level. The property occupies a 3,716-square-foot lot in New Bedford, Massachusetts.
Key Highlights
- 1,798 square feet of interior space
- 3.0‑story multifamily residence built in 1908
- Five bedrooms and three full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,728
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,560
$474.6K
Cap Rate 7%
$338,971
$339.0K
Cap Rate 9%
$263,644
$263.6K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$3.2K −$1.81/SF
EGI
$43.1K $23.99/SF
− OpEx
−$19.4K −$10.80/SF
NOI
$23.7K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,560
Cap Rate 7%
$338,971
Cap Rate 9%
$263,644
Alternative Uses
Best Use
Apartment 5plus
$339.0K
$296.6K – $395.5K
NOI $23,728 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.2K
$463.9K – $618.5K
NOI $37,111 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Multifamily property - Five bedrooms and three full bathrooms are arranged across a three-level layout.
Where is this multifamily property located?
The property is located at 366 Earle St New Bedford, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,798 square feet of interior space; 3.0‑story multifamily residence built in 1908; Five bedrooms and three full bathrooms
