Five-Unit Apartment
For Sale
$729,900
52 Ashley St, New Bedford, MA 02744
Residential Income, New Bedford, MA
Property Size4,842 SF
Lot Size0.09 Acres
Price / SF$150.74
Days on Market93
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
Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 9, Bedroom 10, Bathroom 5, Bedroom 12, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 11, Bathroom 2
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
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: Aug 20
Last Checked: Aug 26 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This 4,842-square-foot apartment property contains five units within a 1910 building. Four apartments are described as well maintained, while the remaining unit presents a need for cosmetic updating. Across the property, residences offer generous floor plans, natural light, and adaptable living areas. Vinyl siding and separately metered utilities are also in place.
The property is located at 52 Ashley St in New Bedford’s South End, near the waterfront, beaches, and neighborhood amenities. Public transit and commuter access points are nearby. The 0.088-acre parcel carries RC zoning, providing additional context for evaluating the existing apartment configuration and future ownership plans.
The property is located at 52 Ashley St in New Bedford’s South End, near the waterfront, beaches, and neighborhood amenities. Public transit and commuter access points are nearby. The 0.088-acre parcel carries RC zoning, providing additional context for evaluating the existing apartment configuration and future ownership plans.
Key Highlights
- Five‑unit apartment property with 4,842 square feet of building area
- Four units are well maintained; one unit requires cosmetic updates
- Built in 1910 on a 0.088‑acre parcel
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
$63,898
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
8.75%
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%
$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
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
$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 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%
$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 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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Separately metered utilities, vinyl siding, and flexible layouts support practical ownership and ongoing rental operations.
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 $729,900.
What are key features of this property?
This property features: Five‑unit apartment property with 4,842 square feet of building area; Four units are well maintained; one unit requires cosmetic updates; Built in 1910 on a 0.088‑acre parcel
