Three-Family Property Near
55 Salisbury St New Bedford, MA 02744
55 Salisbury St, New Bedford, MA, 02744
$675,000
For Sale
$675,000
Well-maintained three-family property with strong rental potential and convenient location.
Property Size3,378 SF
Price / SF$199.82
Days on Market58
Property Features for 55 Salisbury St
General Information
- Standard status
- Active
- Size
- 3,378 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1897
Listing Agency
(508) 916-0129
Listed by
Kristy Washburn
(508) 916-0129
Source
Elliman
Added: May 21 Checked: Jul 17 at 6:20 am
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 Kristy Washburn
Investment Insights
Based on property information with market context.
This well-maintained three-family property presents an investment opportunity, offering 3,378 sq. ft. of living space. Each unit features 3 bedrooms, providing rental potential and flexible living options. The first-floor unit will be delivered vacant, making it suitable for owner-occupancy or immediate rental income, and includes a new heating system. The upper units are occupied by long-term tenants, offering stability for investors. The property includes a private yard space and patio area. The location provides convenient access to the highway, local amenities, and the MBTA commuter rail.
Key Highlights
- First‑floor unit delivered vacant, ideal for owner‑occupancy or immediate rental income.
- Each unit features 3 bedrooms, providing strong rental potential and flexible living options.
- Conveniently located near highway access, local amenities, and the MBTA commuter rail.
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 | $75.0k | $22.20 |
| − Vacancy | −$5.6k | −$1.67 |
| EGI | $69.4k | $20.54 |
| − OpEx | −$20.8k | −$6.16 |
| NOI | $48.6k | $14.37 |
3,378 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.7K
$607.0K – $809.3K
NOI $48,557 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$636.8K
$557.2K – $743.0K
NOI $44,578 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$996.0K
$871.5K – $1.16M
NOI $69,722 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with strong rental potential and convenient location.
Where is this triplex located?
The property is located at 55 Salisbury St New Bedford, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: First‑floor unit delivered vacant, ideal for owner‑occupancy or immediate rental income.; Each unit features 3 bedrooms, providing strong rental potential and flexible living options.; Conveniently located near highway access, local amenities, and the MBTA commuter rail.
