3-Unit Triplex with
New
For Sale
$689,000
543 Coggeshall Street, New Bedford, MA 02746
Each residence includes three bedrooms, a porch, and a kitchen-dining area.
Property Size3,447 SF
Price / SF$199.88
Days on Market6
Property Features for 543 Coggeshall Street
General Information
Standard status
Active
Size
3,447 SF
Total Parking Spaces
3
Property subtype
Multi-family
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
laundry hookups
fenced yard
Building Details
Year Built
1916
Buildings
1
Listing Agency:
Conway - Wareham
Listed By:
Francis Gropman
(781) 635-9022
Source:
Lindorealtygroup
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 6:45AM
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 Conway - Wareham
Investment Insights
Based on property information with market context.
Built in 1916, this 3,447-square-foot triplex contains three apartments. Each has a pantry, kitchen and dining area, living room, three bedrooms, hardwood floors, and a front porch. Updates include newer windows and hot water heaters, 200-amp electrical service, and a transferable solar contract. The floors have been sanded and refinished; all units have newer ceiling fans and dishwashers, and the second-floor kitchen has been updated.
A full basement includes washer and dryer hookups. Outside, the property has a fenced yard and a three-car garage, which offers parking or an additional rental component. The building occupies a corner lot in New Bedford, Massachusetts.
A full basement includes washer and dryer hookups. Outside, the property has a fenced yard and a three-car garage, which offers parking or an additional rental component. The building occupies a corner lot in New Bedford, Massachusetts.
Key Highlights
- Three apartments, each with three bedrooms and a front porch
- 3,447‑square‑foot building constructed in 1916
- Three‑car garage and fenced yard
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
$49,549
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
7.19%
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%
$990,980
$991.0K
Cap Rate 7%
$707,843
$707.8K
Cap Rate 9%
$550,544
$550.5K
Market Conditions
NOI Build-Up for 3,447 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
$76.5K $22.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$70.8K $20.54/SF
− OpEx
−$21.2K −$6.16/SF
NOI
$49.5K $14.37/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$990,980
Cap Rate 7%
$707,843
Cap Rate 9%
$550,544
Alternative Uses
Best Use
Multifamily LT 5
$707.8K
$619.4K – $825.8K
NOI $49,549 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$649.8K
$568.6K – $758.2K
NOI $45,489 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.02M
$889.3K – $1.19M
NOI $71,146 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes three bedrooms, a porch, and a kitchen-dining area.
Where is this triplex located?
The property is located at 543 Coggeshall Street New Bedford, MA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Three apartments, each with three bedrooms and a front porch; 3,447‑square‑foot building constructed in 1916; Three‑car garage and fenced yard
