Three-Unit Residential Income
New
For Sale
$700,000
433 Cedar Grove St, New Bedford, MA 02746
MULTI_FAMILY - New Bedford, MA
Property Size3,450 SF
Lot Size0.13 Acres
Price / SF$202.90
Days on Market2
Property Features for 433 Cedar Grove St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bathroom 3, Bedroom 3, Bedroom 7, Bedroom 1, Bedroom 9, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
Parking
8
Directions
GPS Please
Standard status
Active
APN
M:0090 L:0129,2897973
Size
3,450 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7426
Amenities
washer and dryer hookups
updated hot water heaters
full basement
2 car garage
storage shed
backyard
Building Details
Year built
1912
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 12:06PM
MLS# 73556325
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.
Investment Insights
Based on property information with market context.
This well-maintained three-family property offers a straightforward layout with three separate units. Each unit features three bedrooms and one full bathroom. The home also includes washer and dryer hookups, three updated hot water heaters, and a full basement for additional utility and storage needs. Exterior features include a two-car garage, a storage shed, and a backyard.
Located in New Bedford, Massachusetts, the property sits on a 0.1298-acre lot. The listing is under zoning designation RC.
The configuration supports day-to-day residential use across all three units, with shared ownership of common elements such as the basement and garage while maintaining independent unit living spaces.
Located in New Bedford, Massachusetts, the property sits on a 0.1298-acre lot. The listing is under zoning designation RC.
The configuration supports day-to-day residential use across all three units, with shared ownership of common elements such as the basement and garage while maintaining independent unit living spaces.
Key Highlights
- Well‑maintained 3‑family property built in 1912
- Approximately 3,450 sq ft of living space with 3 bedrooms and 1 full bathroom per unit
- 3 updated hot water heaters plus washer and dryer hookups
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 | $76.6k | $22.20 |
| − Vacancy | −$5.7k | −$1.67 |
| EGI | $70.8k | $20.54 |
| − OpEx | −$21.3k | −$6.16 |
| NOI | $49.6k | $14.37 |
3,450 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
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
Property Profile
Current Use
Lease Details
3
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family with three bedrooms and one bath per unit, plus full basement and 2-car garage.
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: Well‑maintained 3‑family property built in 1912; Approximately 3,450 sq ft of living space with 3 bedrooms and 1 full bathroom per unit; 3 updated hot water heaters plus washer and dryer hookups
