12-Room Apartment
For Sale
$699,000
39 Sycamore St, New Bedford, MA 02740
Residential Income, New Bedford, MA
Property Size2,329 SF
Lot Size0.09 Acres
Price / SF$300.13
Days on Market9
Property Features for 39 Sycamore St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
12
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 9, Bedroom 6, Bathroom 2, Bedroom 11, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 12, Bathroom 3, Bedroom 8, Bedroom 7, Bathroom 4
Directions
State st to Sycamore
Standard status
Active
APN
M:0065 L:0209,2894142
Size
2,329 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6110
Amenities
backyard
Building Details
Year built
1876
Floors in Building
5
Number of units
12
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
Listed By:
Clifford Ponte
(508) 677-3233
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 24 at 9:06PM
MLS# 73592513
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.
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 12 rooms and 2,329 square feet, with 2 full bathrooms and 2 half bathrooms. Built in 1876, the building sits on a 0.0865-acre corner lot with a backyard. RB zoning is listed for the property. A property manager oversees day-to-day operations.
Located at 39 Sycamore St in New Bedford, the property is offered for sale.
Located at 39 Sycamore St in New Bedford, the property is offered for sale.
Key Highlights
- 12 rooms across a two‑story building
- 2,329 square feet on a 0.0865‑acre corner lot
- 2 full bathrooms and 2 half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,735
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,700
$614.7K
Cap Rate 7%
$439,071
$439.1K
Cap Rate 9%
$341,500
$341.5K
Market Conditions
NOI Build-Up for 2,329 SF
Gross rent
$60.1K $25.80/SF
− Vacancy
−$4.2K −$1.81/SF
EGI
$55.9K $23.99/SF
− OpEx
−$25.1K −$10.80/SF
NOI
$30.7K $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%
$614,700
Cap Rate 7%
$439,071
Cap Rate 9%
$341,500
Alternative Uses
Best Use
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,735 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$686.7K
$600.9K – $801.2K
NOI $48,071 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,823
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
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story layout includes shared bathrooms and a backyard on a corner lot.
Where is this apartment building located?
The property is located at 39 Sycamore St New Bedford, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 12 rooms across a two‑story building; 2,329 square feet on a 0.0865‑acre corner lot; 2 full bathrooms and 2 half bathrooms
