5 Tallman Lane, New Bedford, MA 02740
Well-maintained three-family home with central heat and three-bedroom units on a private street setting.
- Added:
- Apr 8, 2026
- Days on Market:
- 90
- Last Refresh:
- Jun 16 at 3:56 am
Property Features for 5 Tallman Lane
General Information
- Standard status
- Active
- Size
- 3,132 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1882
Listing office RE/MAX Vantage
Listing date Apr 8, 2026
Source Jmulkerinrealty
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 RE/MAX Vantage
HighLights
- Well‑maintained three‑family home built in 1882
- Three spacious units, each with 3 bedrooms
- Central heat throughout the building
- Located on a private street in New Bedford
- Convenient to highways and nearby local amenities including grocery stores and churches
Overview
Located in New Bedford, the property is positioned for convenient access to area highways and everyday needs, including grocery stores and local churches. It sits on a private street, which helps set a quieter, more residential feel compared with more heavily trafficked thoroughfares.
The unit configuration and size make this an appealing fit for investors considering a multi-family rental strategy, as well as owner-occupants who may want to offset expenses by living in one unit while renting the others. With three distinct, three-bedroom homes under one roof and consistent heating throughout, the property supports straightforward management and multi-generational use.
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 | $69.5k | $22.20 |
| − Vacancy | −$5.2k | −$1.67 |
| EGI | $64.3k | $20.54 |
| − OpEx | −$19.3k | −$6.16 |
| NOI | $45.0k | $14.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9241023
- Latitude
- 41.6266721
