3-Unit Triplex with
543 Coggeshall Street, New Bedford, MA 02746
For Sale
$689,000
Each residence includes three bedrooms, a porch, and a kitchen-dining area.
Property Size3,447 SF
Price / SF$199.88
Days on Market90
Property Features for 543 Coggeshall Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Amenities
laundry hookups
fenced yard
Building Details
Year Built
Buildings
Listing Agency:
Conway - Wareham
Listed By:
Francis Gropman · License MA #9506689
(774) 263-8989
Source:
Lindorealtygroup
Added: Aug 17
Changed: Nov 5
Last Checked: Nov 12 at 8:31AM
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
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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 / Yr
$49,549
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
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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
$324,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New Bedford, MA
Properties on Market for Triplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
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
