3-Unit
New
For Sale
$679,900
47 Holly St, New Bedford, MA 02746
Three apartments offer large bedrooms, eat-in kitchens, and double parlors.
Property Size4,167 SF
Days on Market4
Property Features for 47 Holly St
General Information
Standard status
Active
Size
4,167 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,188
Building Details
Building Size
4,167 SF
Year Built
1908
Stories
3
Units
3
Listed By:
Carlos Mota
(508) 400-0005
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 9:53AM
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 Carlos Mota
Investment Insights
Based on property information with market context.
The three-unit residential property contains more than 4,100 square feet of living area. Its apartments feature large bedrooms, eat-in kitchens, and double parlors. The vinyl-sided building also has off-street parking and was built in 1908.
At 47 Holly St in New Bedford, the property is within a few miles of Church Street MBTA station. Shopping, dining, and public transportation are among the area conveniences. The recorded Walk Score is 84, Bike Score is 52, and Transit Score is 36.
At 47 Holly St in New Bedford, the property is within a few miles of Church Street MBTA station. Shopping, dining, and public transportation are among the area conveniences. The recorded Walk Score is 84, Bike Score is 52, and Transit Score is 36.
Key Highlights
- More than 4,100 square feet of total living area
- Three apartments with large bedrooms, eat‑in kitchens, and double parlors
- Off‑street parking and vinyl‑sided exterior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,980
$1.2M
Cap Rate 7%
$855,700
$855.7K
Cap Rate 9%
$665,544
$665.5K
Market Conditions
NOI Build-Up for 4,167 SF
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.
Gross rent
$92.5K $22.20/SF
− Vacancy
−$6.9K −$1.67/SF
EGI
$85.6K $20.54/SF
− OpEx
−$25.7K −$6.16/SF
NOI
$59.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,980
Cap Rate 7%
$855,700
Cap Rate 9%
$665,544
Alternative Uses
Best Use
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,899 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$785.6K
$687.4K – $916.5K
NOI $54,991 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,007 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
945
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three apartments offer large bedrooms, eat-in kitchens, and double parlors.
Where is this triplex located?
The property is located at 47 Holly St New Bedford, MA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: More than 4,100 square feet of total living area; Three apartments with large bedrooms, eat‑in kitchens, and double parlors; Off‑street parking and vinyl‑sided exterior
