Updated Two-Unit
New
For Sale
$549,999
4-6 Briggs Ct, New Bedford, MA 02740
Both residences feature hardwood floors, with laundry hookups located in the basement.
Property Size2,288 SF
Price / SF$240.38
Days on Market6
Property Features for 4-6 Briggs Ct
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
built-in microwave
modern walk-in showers
hardwood flooring
updated electrical
newer water heaters (tankless)
washer/dryer hookup in basement
private yard
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Benjamin Hause, Keller Williams Realty North Central
Listed By:
David Sampson Group
(617) 595-5082
Source:
Sampsonrealtygroup
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 16 at 9:02AM
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 Benjamin Hause, Keller Williams Realty North Central
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Investment Insights
Based on property information with market context.
This 2,288-square-foot duplex at 4-6 Briggs Ct has two residences and dates to 1915. Interior features include hardwood flooring in both units, a kitchen with stainless steel appliances and a built-in microwave, and two full bathrooms with walk-in showers. Electrical service has been updated, and the property has newer water heaters, including a tankless unit in one residence.
Basement washer and dryer hookups and a private yard round out the property’s features.
Basement washer and dryer hookups and a private yard round out the property’s features.
Key Highlights
- Two‑unit duplex with 2,288 square feet
- Built in 1915
- Hardwood flooring in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,889
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,780
$657.8K
Cap Rate 7%
$469,843
$469.8K
Cap Rate 9%
$365,433
$365.4K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$50.8K $22.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$47.0K $20.54/SF
− OpEx
−$14.1K −$6.16/SF
NOI
$32.9K $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%
$657,780
Cap Rate 7%
$469,843
Cap Rate 9%
$365,433
Alternative Uses
Best Use
Multifamily LT 5
$469.8K
$411.1K – $548.2K
NOI $32,889 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$431.3K
$377.4K – $503.2K
NOI $30,194 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$674.6K
$590.3K – $787.1K
NOI $47,224 @ 7.0% cap · market cap 8.59%
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
2,338
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 - Both residences feature hardwood floors, with laundry hookups located in the basement.
Where is this duplex located?
The property is located at 4-6 Briggs Ct New Bedford, MA.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,288 square feet; Built in 1915; Hardwood flooring in both units
