Updated Four-Family Investment
51 Bonney Street New Bedford, MA 02740
51 Bonney Street, New Bedford, MA, 02740
$839,700
For Sale
$839,700
Fully updated four-family property with investment potential and owner-occupancy options.
Property Size3,902 SF
Price / SF$215.20
Days on Market76
Property Features for 51 Bonney Street
General Information
- Standard status
- Active
- Size
- 3,902 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1897
Listing Agency
Keller Williams South Watuppa
Listed by
The J. Pavao Team
(617) 396-3100
Source
Longwoodresidential
Added: May 3 Checked: Jul 7 at 12:35 pm
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
This is a four-family property offering investment potential and owner-occupant flexibility. One unit will be delivered vacant, featuring a 2-bedroom townhouse-style layout with two floors of living space. The property also includes a spacious 4-bedroom unit with two levels, an additional 2-bedroom townhouse-style unit, and a 1-bedroom unit. All units have been updated within the past 5 years, including hardwood floors throughout, modern kitchens, and renovated baths. Newer heating systems for each unit, updated windows, and vinyl siding are among the major improvements. The property is located in New Bedford, MA, and has a property size of 3902 square feet. It is suitable for investors or owner-occupants seeking immediate income and long-term value.
Key Highlights
- Fully updated 4‑family property with strong investment potential.
- One unit delivered vacant: features a desirable 2‑bedroom townhouse‑style layout with two floors.
- All units updated within the past 5 years: hardwood floors, modern kitchens, renovated baths.
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 | $86.6k | $22.20 |
| − Vacancy | −$6.5k | −$1.67 |
| EGI | $80.1k | $20.54 |
| − OpEx | −$24.0k | −$6.16 |
| NOI | $56.1k | $14.37 |
3,902 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$801.3K
$701.1K – $934.8K
NOI $56,089 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$735.6K
$643.7K – $858.2K
NOI $51,494 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,537 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully updated four-family property with investment potential and owner-occupancy options.
Where is this quadplex located?
The property is located at 51 Bonney Street New Bedford, MA.
What is the asking price?
The asking price for this property is $839,700.
What are key features of this property?
This property features: Fully updated 4‑family property with strong investment potential.; One unit delivered vacant: features a desirable 2‑bedroom townhouse‑style layout with two floors.; All units updated within the past 5 years: hardwood floors, modern kitchens, renovated baths.
