Turnkey Fully Renovated
539-541 North Front Street New Bedford, MA 02745
539-541 North Front Street, New Bedford, MA, 02745
$899,000
For Sale
$899,000
Fully gut-renovated quadplex with four rental units, updated kitchens and baths, and five off-street parking spaces.
Property Size4,118 SF
Price / SF$218.31
Days on Market65
Property Features for 539-541 North Front Street
General Information
- Standard status
- Active
- Size
- 4,118 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2022
Listing agency
Block Realty
(774) 808-1091
Listed by
Niko Stafford · License #9555394
Source
Reishomesearch
Added: May 19 Updated: Jul 20 at 5:18PM Checked: Jul 20 at 5:18PM
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 Block Realty
Investment Insights
Based on property information with market context.
This fully gut-renovated multifamily property offers four residential units with updated kitchens and baths and modern finishes. The layout includes two spacious 4 bed/1 bath units on the 1st and 2nd floors, plus two 1 bed/1 bath units on the 3rd floor. A finished 4th-floor living space with an additional bathroom adds further flexibility for storage, office use, or extended living needs.
The property includes five off-street parking spaces. It is located in New Bedford with convenient access to highways, shopping, restaurants, and commuter routes.
In addition to the existing unit configuration, preliminary concepts for a potential 8-unit conversion have been explored, providing a possible path for future reconfiguration while retaining the renovated turnkey setup.
The property includes five off-street parking spaces. It is located in New Bedford with convenient access to highways, shopping, restaurants, and commuter routes.
In addition to the existing unit configuration, preliminary concepts for a potential 8-unit conversion have been explored, providing a possible path for future reconfiguration while retaining the renovated turnkey setup.
Key Highlights
- Fully gut‑renovated quadplex built in 2022 with updated kitchens and bathrooms throughout
- Unit mix: two 4 bed/1 bath units on the 1st and 2nd floors and two 1 bed/1 bath units on the 3rd floor
- Bonus finished 4th‑floor living space with an additional bathroom for storage, office, or extended use
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 | $91.4k | $22.20 |
| − Vacancy | −$6.9k | −$1.67 |
| EGI | $84.6k | $20.54 |
| − OpEx | −$25.4k | −$6.16 |
| NOI | $59.2k | $14.37 |
4,118 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$845.6K
$739.9K – $986.6K
NOI $59,194 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$776.3K
$679.3K – $905.7K
NOI $54,344 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,996 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully gut-renovated quadplex with four rental units, updated kitchens and baths, and five off-street parking spaces.
Where is this quadplex located?
The property is located at 539-541 North Front Street New Bedford, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully gut‑renovated quadplex built in 2022 with updated kitchens and bathrooms throughout; Unit mix: two 4 bed/1 bath units on the 1st and 2nd floors and two 1 bed/1 bath units on the 3rd floor; Bonus finished 4th‑floor living space with an additional bathroom for storage, office, or extended use
