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    New Bedford Two-Family Home Title is generated by Realmo AI

    407 Park St, New Bedford, MA 02740

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    Claim this Listing
    Pending
    $469,900

    MULTI_FAMILY - New Bedford, MA

    Property size:
    2,402 SF
    Lot size:
    0.12 Acres
    Added:
    May 6, 2026
    Days on Market:
    62
    Last Refresh:
    Jul 6 at 5:06 am

    Property Features for 407 Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RA
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2
    Parking
    2
    Fireplace
    1
    Standard status
    Pending
    APN
    2893894
    Size
    2,402 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4998

    Building Details

    Year built
    1913
    Floors in Building
    2
    Number of units
    2

    We can help!

    Contact an agent
    Scott Morris

    Listing agent Scott Morris

    Listing office Keller Williams Realty 574 Washington Street, South Easton, MA

    Listing date May 6, 2026

    MLS# 73513761 Listing URL

    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.

    HighLights

    • 2‑family home built in 1913 in New Bedford’s West End
    • First floor layout: 2 bedrooms, full bath, living room, dining room, and eat‑in kitchen
    • Second floor layout: 3 bedrooms, full bath, living room, dining room, and eat‑in kitchen
    • Includes 2 full bathrooms total and 5 bedrooms across both floors
    • Off‑street parking and a fenced‑in yard

    Overview

    This two-family home is located in the West End of New Bedford. The first floor features two bedrooms, a full bath, a living room, a dining room, and an eat-in kitchen. The second floor includes three bedrooms, a full bath, a living room, a dining room, and a sizable eat-in kitchen. The property has a fenced-in yard and off-street parking. The lot size is 0.12 acres and the property size is 2402 square feet.

    Local Financial Insights For Multifamily LT 5

    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 $53.3k $22.20
    − Vacancy −$4.0k −$1.67
    EGI $49.3k $20.54
    − OpEx −$14.8k −$6.16
    NOI $34.5k $14.37
    2,402 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $493.3K
    $431.6K – $575.5K (±1% cap)
    NOI $34,528 @ 7.0% cap · market cap 7.35%
    Second Best
    Apartment 5plus
    $452.8K
    $396.2K – $528.3K (±1% cap)
    NOI $31,698 @ 7.0% cap · market cap 6.75%
    Theoretical Best
    Office A
    $708.2K
    $619.7K – $826.3K (±1% cap)
    NOI $49,577 @ 7.0% cap · market cap 10.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Grocery & Convenience Store Parking Lot & Garage Cafe & Coffee Shop Computer & Electronic Repair Food Market Travel Agency (Bike/Boat/Book/etc) Store Bakery Cosmetic Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.939607
    Latitude
    41.640552

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    FAQs

    What type of property is this?
    Duplex - Two-family home in New Bedford's West End with fenced yard.
    Where is this duplex located?
    The property is located at 407 Park St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: 2‑family home built in 1913 in New Bedford’s West End; First floor layout: 2 bedrooms, full bath, living room, dining room, and eat‑in kitchen; Second floor layout: 3 bedrooms, full bath, living room, dining room, and eat‑in kitchen
    (508) 238-5000
    We can help!
    Contact an agent
    Scott Morris
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