Updated Three-Family
491 N Front St New Bedford, MA 02746
491 N Front St, New Bedford, MA, 02746
$650,000
For Sale
$650,000
Well-maintained three-family with an updated first-floor two-bedroom unit featuring an eat-in kitchen with granite countertops.
Property Size3,306 SF
Price / SF$196.61
Days on Market75
Property Features for 491 N Front St
General Information
- Standard status
- Active
- Size
- 3,306 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Freedom Realty Group LLC
(508) 292-6954
Listed by
Gary Gagne Jr. · License #9588828
Source
Hometown-team
Added: May 9 Updated: Jul 21 at 5:26PM Checked: Jul 21 at 5:26PM
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 Freedom Realty Group LLC
Investment Insights
Based on property information with market context.
This well-maintained three-family residence includes a thoughtfully updated first-floor unit and additional income-producing apartments. The first-floor “owner’s unit” has been redesigned into a spacious two-bedroom layout with oversized closets and a private master bathroom, complemented by an eat-in kitchen with granite countertops and ample cabinetry.
A notable operational advantage is that the first and second floors will be delivered vacant, allowing for immediate owner-occupancy and tenant selection or updated rental setup. Each unit is supported by separate utilities.
Overall, the property offers functional, tenant-friendly layouts with generous room sizes and natural light throughout, making it a practical option for owner-occupants and investors focused on multi-family management.
A notable operational advantage is that the first and second floors will be delivered vacant, allowing for immediate owner-occupancy and tenant selection or updated rental setup. Each unit is supported by separate utilities.
Overall, the property offers functional, tenant-friendly layouts with generous room sizes and natural light throughout, making it a practical option for owner-occupants and investors focused on multi-family management.
Key Highlights
- 1910‑built, well‑maintained 3‑family property
- Updated first‑floor unit: redesigned into a spacious 2‑bedroom layout
- First‑floor includes private master bathroom and oversized closets
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 | $73.4k | $22.20 |
| − Vacancy | −$5.5k | −$1.67 |
| EGI | $67.9k | $20.54 |
| − OpEx | −$20.4k | −$6.16 |
| NOI | $47.5k | $14.37 |
3,306 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$678.9K
$594.0K – $792.0K
NOI $47,522 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$623.3K
$545.4K – $727.1K
NOI $43,628 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$974.8K
$853.0K – $1.14M
NOI $68,236 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family with an updated first-floor two-bedroom unit featuring an eat-in kitchen with granite countertops.
Where is this triplex located?
The property is located at 491 N Front St New Bedford, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1910‑built, well‑maintained 3‑family property; Updated first‑floor unit: redesigned into a spacious 2‑bedroom layout; First‑floor includes private master bathroom and oversized closets
