Multifamily Building with Studio
393 Pleasant Street New Bedford, MA 02740
393 Pleasant Street, New Bedford, MA, 02740
$700,000
For Sale
$700,000
Multistory multifamily building with four 1-bedroom units, two studio units, and on-street parking.
Property Size2,558 SF
Lot Size0.05 Acres
Price / SF$273.65
Days on Market72
Property Features for 393 Pleasant Street
General Information
- Standard status
- Active
- Size
- 2,558 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing agency
Horvath & Tremblay
(617) 688-9909
Listed by
Spencer Smith · License #9576051
Source
Eganrealtygroup
Added: May 11 Updated: Jul 20 at 7:16PM Checked: Jul 21 at 6:08AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Offered for sale, this multistory multifamily building includes four 1-bedroom/1-bath units and two studio units. The property totals 2,558 square feet of gross living area within 4,326 square feet of gross area.
The building is situated on a 0.05-acre parcel and offers on-street parking spaces.
This configuration supports a mixed residential income setup with both 1-bedroom and studio floorplans contained within a single investment property.
The building is situated on a 0.05-acre parcel and offers on-street parking spaces.
This configuration supports a mixed residential income setup with both 1-bedroom and studio floorplans contained within a single investment property.
Key Highlights
- Multistory multifamily at 393 Pleasant Street, New Bedford, MA
- Year built 1890
- 4,326 sq ft gross building area with 2,558 sq ft gross living area
Local Financial Insights For Apartment 5plus
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 | $66.0k | $25.80 |
| − Vacancy | −$4.6k | −$1.81 |
| EGI | $61.4k | $23.99 |
| − OpEx | −$27.6k | −$10.80 |
| NOI | $33.8k | $13.20 |
2,558 SF · lease $25.80/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$482.2K
$422.0K – $562.6K
NOI $33,757 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.2K
$660.0K – $880.0K
NOI $52,797 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Multistory multifamily building with four 1-bedroom units, two studio units, and on-street parking.
Where is this apartment building located?
The property is located at 393 Pleasant Street New Bedford, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Multistory multifamily at 393 Pleasant Street, New Bedford, MA; Year built 1890; 4,326 sq ft gross building area with 2,558 sq ft gross living area
