5-Unit Apartment
For Sale
$699,000
52 Ashley St, New Bedford, MA 02744
Residential Income, New Bedford, MA
Property Size4,842 SF
Lot Size0.09 Acres
Price / SF$144.36
Days on Market159
Property Features for 52 Ashley St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 9, Bathroom 5, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 10, Bedroom 11, Bedroom 6, Bathroom 6, Bedroom 3, Bedroom 12
High school
New Bedford High
Directions
Use GPS.
Subdivision
South
Standard status
Active
APN
M:0014 L:0007,2884232
Size
4,842 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6269
Building Details
Year built
1910
Floors in Building
5
Number of units
5
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: May 26
Changed: Oct 26
Last Checked: Oct 31 at 11:06PM
MLS# 73523734
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains 4,842 square feet on a 0.088-acre lot. Four apartments are configured with two bedrooms each. Four units are described as well maintained, while one has potential for cosmetic updates. Electric service is separately metered, and the exterior is finished with vinyl siding. The building dates to 1910 and is zoned RC.
The property is a short walk from the South End beaches. Public transit and commuter access points are nearby.
The property is a short walk from the South End beaches. Public transit and commuter access points are nearby.
Key Highlights
- Five apartment units
- Four 2‑bedroom apartments
- 4,842 square feet on a 0.088‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,898
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,960
$1.3M
Cap Rate 7%
$912,829
$912.8K
Cap Rate 9%
$709,978
$710.0K
Market Conditions
NOI Build-Up for 4,842 SF
Gross rent
$124.9K $25.80/SF
− Vacancy
−$8.7K −$1.81/SF
EGI
$116.2K $23.99/SF
− OpEx
−$52.3K −$10.80/SF
NOI
$63.9K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,960
Cap Rate 7%
$912,829
Cap Rate 9%
$709,978
Alternative Uses
Best Use
Apartment 5plus
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,939 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
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Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments have two bedrooms, and electric service is separately metered.
Where is this apartment building located?
The property is located at 52 Ashley St New Bedford, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Five apartment units; Four 2‑bedroom apartments; 4,842 square feet on a 0.088‑acre lot
