Three-Unit Mixed-Use
New
For Sale
$579,000
496 Nash Road, New Bedford, MA 02746
A storefront and residential space share a corner-lot property with driveway and rear parking.
Property Size2,518 SF
Price / SF$229.94
Days on Market4
Property Features for 496 Nash Road
General Information
Standard status
Active
Size
2,518 SF
Property subtype
Multi-family
Site & Location
Corner Location
Yes
Mixed-Use Components
residential, business
Amenities
side yard
park area
on-street parking
driveway and back parking
Building Details
Year Built
1924
Listing Agency:
Coldwell Banker Realty - Duxbury
Listed By:
Janine Sistrand · License #CN227219
Source:
Trufantre
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 5:34AM
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 Coldwell Banker Realty - Duxbury
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Investment Insights
Based on property information with market context.
At 496 Nash Road in New Bedford, this 2,518-square-foot property combines residential space with a business storefront across three units. Built in 1924, it occupies a corner lot beside a park area. Parking options include the driveway and space behind the building, with additional on-street parking serving the storefront.
The property is near stores and restaurants, and the commuter rail connection to Boston is described as nearby.
The property is near stores and restaurants, and the commuter rail connection to Boston is described as nearby.
Key Highlights
- Three‑unit property with residential and business space
- 2,518 square feet; built in 1924
- Corner parcel beside a park area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,195
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,900
$723.9K
Cap Rate 7%
$517,071
$517.1K
Cap Rate 9%
$402,167
$402.2K
Market Conditions
NOI Build-Up for 2,518 SF
Gross rent
$55.9K $22.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$51.7K $20.54/SF
− OpEx
−$15.5K −$6.16/SF
NOI
$36.2K $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%
$723,900
Cap Rate 7%
$517,071
Cap Rate 9%
$402,167
Alternative Uses
Best Use
Multifamily LT 5
$517.1K
$452.4K – $603.3K
NOI $36,195 @ 7.0% cap · market cap 6.25%
Second Best
Retail
$486.5K
$425.7K – $567.6K
NOI $34,053 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$742.5K
$649.7K – $866.2K
NOI $51,972 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A storefront and residential space share a corner-lot property with driveway and rear parking.
Where is this mixed-use property located?
The property is located at 496 Nash Road New Bedford, MA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Three‑unit property with residential and business space; 2,518 square feet; built in 1924; Corner parcel beside a park area
