Three-Unit Multifamily
For Sale
$700,000
Pending
433 Cedar Grove St, New Bedford, MA 02746
Each residence offers a three-bedroom layout, full bath, laundry hookups, and access to shared property amenities.
Property Size3,450 SF
Days on Market69
Property Features for 433 Cedar Grove St
General Information
Standard status
Pending
Size
3,450 SF
Total Parking Spaces
2
Property subtype
3 Family
Amenities
washer and dryer hookups
three updated hot water heaters
full basement
storage shed
backyard
Building Details
Year Built
1912
Tenancy
Multi
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Leilani Paz
(774) 434-7465
Source:
Lockandkeyre
Added: Jul 29
Changed: Oct 4
Last Checked: Oct 4 at 10:07AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
Built in 1912, this multifamily property contains three residences within approximately 3,450 square feet of living area. Each unit includes three bedrooms and one full bathroom, creating consistent layouts across the building. The property also features washer and dryer hookups, three updated hot water heaters, and a full basement for additional storage or utility use.
Exterior improvements include a two-car garage, a storage shed, and a backyard. The property is located at 433 Cedar Grove Street in New Bedford, Massachusetts, providing a defined residential setting for an owner-occupant arrangement or continued rental use. Its combination of unit uniformity, supporting storage areas, parking, and updated hot water equipment gives the building a practical multifamily configuration.
Exterior improvements include a two-car garage, a storage shed, and a backyard. The property is located at 433 Cedar Grove Street in New Bedford, Massachusetts, providing a defined residential setting for an owner-occupant arrangement or continued rental use. Its combination of unit uniformity, supporting storage areas, parking, and updated hot water equipment gives the building a practical multifamily configuration.
Key Highlights
- Three units with three bedrooms and one full bathroom per residence
- Approximately 3,450 square feet of living space
- Three updated hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,592
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,840
$991.8K
Cap Rate 7%
$708,457
$708.5K
Cap Rate 9%
$551,022
$551.0K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$76.6K $22.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$70.8K $20.54/SF
− OpEx
−$21.3K −$6.16/SF
NOI
$49.6K $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%
$991,840
Cap Rate 7%
$708,457
Cap Rate 9%
$551,022
Alternative Uses
Best Use
Multifamily LT 5
$708.5K
$619.9K – $826.5K
NOI $49,592 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$650.4K
$569.1K – $758.8K
NOI $45,529 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,208 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers a three-bedroom layout, full bath, laundry hookups, and access to shared property amenities.
Where is this triplex located?
The property is located at 433 Cedar Grove St 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: Three units with three bedrooms and one full bathroom per residence; Approximately 3,450 square feet of living space; Three updated hot water heaters
