Mixed-Use Live-Work
446 County Street New Bedford, MA 02740
446 County Street, New Bedford, MA, 02740
$625,000
For Sale
$625,000
Mixed-use building with first-floor office space, two one-bedroom apartments, and shared laundry with on-site parking.
Property Size3,626 SF
Price / SF$172.37
Days on Market98
Property Features for 446 County Street
General Information
- Standard status
- Active
- Size
- 3,626 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1877
Listing agency
Compass
(978) 248-8081
Listed by
The Mathew J. Arruda Group
Source
Milburyre
Added: Apr 16 Updated: Jul 21 at 2:09AM Checked: Jul 21 at 7:06AM
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 Compass
Investment Insights
Based on property information with market context.
446 County Street offers a versatile mixed-use live-work setup with six rooms and three half baths. The property includes first-floor office space plus two one-bedroom apartments, with access to a shared laundry area. Heating is provided by gas heat with baseboard units, and the building also features a full basement for storage or potential expansion, along with a second level that includes a staff kitchen and potential office space.
The building provides parking for eight cars, supporting convenience for residents, staff, or clients.
Overall, the layout combines dedicated office space with residential units in a single property, making it well-suited for owner-occupants or investors seeking flexible mixed-use configuration.
The building provides parking for eight cars, supporting convenience for residents, staff, or clients.
Overall, the layout combines dedicated office space with residential units in a single property, making it well-suited for owner-occupants or investors seeking flexible mixed-use configuration.
Key Highlights
- Year built 1877 mixed‑use building with 5,474 sq. ft.
- First‑floor office space plus two one‑bedroom apartments.
- 3 half baths and shared laundry area for residents and occupants.
Local Financial Insights For Office B
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 | $87.0k | $24.00 |
| − Vacancy | −$13.9k | −$3.84 |
| EGI | $73.1k | $20.16 |
| − OpEx | −$18.3k | −$5.04 |
| NOI | $54.8k | $15.12 |
3,626 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$783.2K
$685.3K – $913.8K
NOI $54,825 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$683.6K
$598.1K – $797.5K
NOI $47,851 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.07M
$935.5K – $1.25M
NOI $74,841 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Pineau & Sons Inc
Plumbing Service
Master Urban Educators
High School
Heart Realty Inc
Plumbing Service
Pineau Jane
Law Firm
eBenefits USA
Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building with first-floor office space, two one-bedroom apartments, and shared laundry with on-site parking.
Where is this live-work space located?
The property is located at 446 County Street New Bedford, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Year built 1877 mixed‑use building with 5,474 sq. ft.; First‑floor office space plus two one‑bedroom apartments.; 3 half baths and shared laundry area for residents and occupants.
