Spacious Three-Family Property in New
592 Cottage Street, New Bedford, MA 02740
Well-sized three-family property with strong rental potential in New Bedford.
Type:Multi-family / 3 Family
Property size:
2,810 SFPrice / SF:
$249/SF- Added:
- Nov 30, 2025
- Days on Market:
- 184
- Last Refresh:
- Mar 13 at 3:32 pm
Property Features for 592 Cottage Street
General Information
- Standard status
- Active
- Size
- 2,810 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1891
Listing agent Adam Gonzalez License #1002345 (508) 726-3492
Listing office Century 21 Limitless (508) 726-3492
Listing date Nov 30, 2025
Source Compass
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 Century 21 Limitless
HighLights
- Three spacious units, each with 3 bedrooms and 1 full bathroom
- Strong rental potential in a growing New Bedford market
- Convenient location near local amenities, schools, public transportation, and major routes
- Approximately 2,810 square feet of total living space
- Opportunity for owner‑occupancy with rental income potential
- Full, finished basement
Overview
This three-family property is located at 592 Cottage St, New Bedford, MA. The multifamily property features three units, each with 3 bedrooms and 1 full bathroom. The property provides approximately 2,810 square feet of total living space. Each unit is separately laid out. The property is located near local amenities, schools, public transportation, and major routes. This multifamily property is suitable for investors seeking space, location, and income potential.
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 | $62.4k | $22.20 |
| − Vacancy | −$4.7k | −$1.67 |
| EGI | $57.7k | $20.54 |
| − OpEx | −$17.3k | −$6.16 |
| NOI | $40.4k | $14.37 |
2,810 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$577.0K
$504.9K – $673.2K
NOI $40,392 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$529.8K
$463.5K – $618.1K
NOI $37,083 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$828.5K
$725.0K – $966.6K
NOI $57,998 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9352753
- Latitude
- 41.6466789
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-sized three-family property with strong rental potential in New Bedford.
Where is this triplex located?
The property is located at 592 Cottage Street New Bedford, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three spacious units, each with 3 bedrooms and 1 full bathroom; Strong rental potential in a growing New Bedford market; Convenient location near local amenities, schools, public transportation, and major routes
