Well-Maintained Two-Family
New
For Sale
$769,900
507-509 Nash Rd, New Bedford, MA 02746
Versatile residential property with a reverse-cottage first floor, two-car garage, yard, and off-street parking.
Property Size2,508 SF
Price / SF$306.98
Days on Market5
Property Features for 507-509 Nash Rd
General Information
Standard status
Active
Size
2,508 SF
Total Parking Spaces
10
Property subtype
Residential Income
Zoning
Res
Taxes and HOA fees
Annual Taxes
$6,019
Building Details
Building Size
2,508 SF
Year Built
1924
Stories
3
Listing Agency:
Home Advantage Real Estate, Inc.
(508) 496-3778
Listed By:
Shawn Sousa
Source:
Insightrealtygroup
Added: Aug 16
Changed: Aug 18
Last Checked: Aug 20 at 4:05AM
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 Home Advantage Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1924, this 2,508-square-foot duplex at 507-509 Nash Rd features a reverse-cottage configuration on the first floor and a layout suited to two-family use. The property includes a two-car garage, a large yard, and additional off-street parking. Residential zoning supports the existing multifamily format.
The New Bedford property offers access to shopping, dining, highways, and area amenities. Its combination of established construction, garage capacity, outdoor space, and flexible two-family design provides a practical residential income property configuration.
The New Bedford property offers access to shopping, dining, highways, and area amenities. Its combination of established construction, garage capacity, outdoor space, and flexible two-family design provides a practical residential income property configuration.
Key Highlights
- 2,508‑square‑foot duplex built in 1924
- Two‑family property with reverse‑cottage setup on the first floor
- Two‑car garage included
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
$36,051
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
4.68%
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%
$721,020
$721.0K
Cap Rate 7%
$515,014
$515.0K
Cap Rate 9%
$400,567
$400.6K
Market Conditions
NOI Build-Up for 2,508 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
$55.7K $22.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$51.5K $20.54/SF
− OpEx
−$15.5K −$6.16/SF
NOI
$36.1K $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%
$721,020
Cap Rate 7%
$515,014
Cap Rate 9%
$400,567
Alternative Uses
Best Use
Multifamily LT 5
$515.0K
$450.6K – $600.9K
NOI $36,051 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,097 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$739.5K
$647.1K – $862.8K
NOI $51,765 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
506
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Versatile residential property with a reverse-cottage first floor, two-car garage, yard, and off-street parking.
Where is this duplex located?
The property is located at 507-509 Nash Rd New Bedford, MA.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: 2,508‑square‑foot duplex built in 1924; Two‑family property with reverse‑cottage setup on the first floor; Two‑car garage included
