Five-Unit Multifamily
51 County Street New Bedford, MA 02744
51 County Street, New Bedford, MA, 02744
$750,000
For Sale
$750,000
Vacant five-unit property with two-bedroom, one-bedroom, and a three-bedroom apartment mix for flexible rental configuration.
Property Size4,500 SF
Price / SF$166.67
Days on Market341
Property Features for 51 County Street
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Century 21 Limitless
Listed by
Kyle Seyboth
(617) 846-8000
Source
Highlandre
Added: Aug 15, 2025 Updated: Jul 20 at 6:02PM Checked: Jul 20 at 6:02PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This versatile five-unit multifamily building offers a mix of apartment sizes, including two two-bedroom units, two one-bedroom units, and one three-bedroom unit. The property is currently vacant, giving an owner the flexibility to set occupancy and rental terms.
Located at 51 County Street in New Bedford, MA, the building provides easy access to nearby highways and local amenities, supporting convenient day-to-day living for prospective tenants.
The layout is designed to accommodate multiple household types through its varied unit mix, making it suitable for an investor seeking straightforward, income-focused diversification within a single property.
Located at 51 County Street in New Bedford, MA, the building provides easy access to nearby highways and local amenities, supporting convenient day-to-day living for prospective tenants.
The layout is designed to accommodate multiple household types through its varied unit mix, making it suitable for an investor seeking straightforward, income-focused diversification within a single property.
Key Highlights
- Vacant 5‑unit multi‑family home in New Bedford, MA
- Unit mix includes two 2‑bedroom units, two 1‑bedroom units, and one 3‑bedroom unit
- Year built: 1880
Local Financial Insights For Apartment 5plus
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 | $116.1k | $25.80 |
| − Vacancy | −$8.1k | −$1.81 |
| EGI | $108.0k | $23.99 |
| − OpEx | −$48.6k | −$10.80 |
| NOI | $59.4k | $13.20 |
4,500 SF · lease $25.80/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$848.4K
$742.3K – $989.8K
NOI $59,385 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,880 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Vacant five-unit property with two-bedroom, one-bedroom, and a three-bedroom apartment mix for flexible rental configuration.
Where is this apartment building located?
The property is located at 51 County Street New Bedford, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Vacant 5‑unit multi‑family home in New Bedford, MA; Unit mix includes two 2‑bedroom units, two 1‑bedroom units, and one 3‑bedroom unit; Year built: 1880
