55 Salisbury St, New Bedford, MA 02744
MULTI_FAMILY - New Bedford, MA
- Added:
- May 20, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 55 Salisbury St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 9, Bedroom 5, Bedroom 8
- Standard status
- Active
- APN
- M:0013 L:0102,2884153
- Size
- 3,378 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6062
Building Details
- Year built
- 1897
- Floors in Building
- 3
- Number of units
- 3
Listing agent Clifford Ponte License #9554597 (508) 677-3233
Listing office Keller Williams South Watuppa 275 Martine Street, Unit 109, Fall River, MA (508) 677-3233
Listing date May 20, 2026
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.
HighLights
- Three‑family property built in 1897 with 3,378 sq. ft. of living space
- All units include 3 bedrooms each, offering flexible layout and rental appeal
- First‑floor unit will be delivered vacant for owner‑occupancy or immediate rental use
- First‑floor unit includes a brand‑new heating system
- Upper units have long‑term tenants for rental stability
- Private yard space and patio area included
Overview
Set on a 0.0708-acre lot, the exterior offers a private yard space and a patio area suitable for outdoor use. The listing notes convenient access to highway connections and proximity to local amenities, with MBTA commuter rail nearby for commuting.
For buyers seeking a manageable multifamily structure, the current mix of one vacant unit and two long-term occupied units may appeal for those looking for flexibility while retaining rental continuity. The three-bedroom layout in every unit can simplify tenant targeting across the building. Zoning is listed as RC, supporting consideration for use consistent with the area’s residential framework. Schedule a showing to review interior condition, finishes, and unit layouts firsthand.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.915692
- Latitude
- 41.613278
