New Bedford Multifamily Investment
52 Ashley Street New Bedford, MA 02744
52 Ashley Street, New Bedford, MA, 02744
$729,900
For Sale
$729,900
Income-producing 5-unit property in New Bedford's South End.
Property Size4,842 SF
Price / SF$150.74
Days on Market90
Property Features for 52 Ashley Street
General Information
- Standard status
- Active
- Size
- 4,842 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1910
Listing Agency
Lamacchia Realty, Inc.
(508) 677-3629
Listed by
Bradford Thelin · License #9550939
(508) 677-3629
Source
Compass
Added: Apr 23 Updated: Jul 10 at 1:40 pm Checked: Jul 20 at 6:27 am
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This income-producing 5-unit property is located in New Bedford’s South End. The property offers spacious floor plans and strong rental potential. Four units are well maintained with solid tenant history, while one unit provides a chance for cosmetic updates. All units feature generous layouts with natural light and flexible living space. Located in a high-demand rental area near the waterfront, beaches, and vibrant South End amenities, the property is close to public transit and commuter access points. Separately metered utilities and low-maintenance vinyl siding contribute to keeping operating costs down. The property size is 4842 square feet.
Key Highlights
- Income‑producing 5‑unit property in New Bedford's desirable South End.
- Strong rental potential with a history of solid tenants and four well‑maintained units.
- Value‑add opportunity: one unit ready for cosmetic updates to increase cash flow.
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 | $124.9k | $25.80 |
| − Vacancy | −$8.7k | −$1.81 |
| EGI | $116.2k | $23.99 |
| − OpEx | −$52.3k | −$10.80 |
| NOI | $63.9k | $13.20 |
4,842 SF · lease $25.80/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,939 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Income-producing 5-unit property in New Bedford's South End.
Where is this apartment building located?
The property is located at 52 Ashley Street New Bedford, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Income‑producing 5‑unit property in New Bedford's desirable South End.; Strong rental potential with a history of solid tenants and four well‑maintained units.; Value‑add opportunity: one unit ready for cosmetic updates to increase cash flow.
