Two-Family
40-42 Glennon St, New Bedford, MA 02745
For Sale
New
$520,000
Residential Income, New Bedford, MA
Property Size2,290 SF
Lot Size0.06 Acres
Price / SF$227.07
Days on Market3
Property Features for 40-42 Glennon St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 4:06AM
MLS# 73599546
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 2,290-square-foot duplex was built in 1923 and is configured for two households. The room count includes six bedrooms and two bathrooms, with RB zoning and a 0.0649-acre lot. Its two-family arrangement supports multigenerational occupancy or rental income.
Key Highlights
- 2,290 square feet with six bedrooms and two bathrooms
- Two‑family configuration on a 0.0649‑acre lot
- Built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,918
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,360
$658.4K
Cap Rate 7%
$470,257
$470.3K
Cap Rate 9%
$365,756
$365.8K
Market Conditions
NOI Build-Up for 2,290 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%
$658,360
Cap Rate 7%
$470,257
Cap Rate 9%
$365,756
Alternative Uses
Best Use
Multifamily LT 5
$470.3K
$411.5K – $548.6K
NOI $32,918 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$431.7K
$377.8K – $503.7K
NOI $30,220 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$675.2K
$590.8K – $787.8K
NOI $47,266 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
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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
$339,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Bedford, MA
Properties on Market for Duplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-household setup accommodates multigenerational living or rental use.
Where is this duplex located?
The property is located at 40-42 Glennon St New Bedford, MA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2,290 square feet with six bedrooms and two bathrooms; Two‑family configuration on a 0.0649‑acre lot; Built in 1923
