Three-Unit Duplex
For Sale
$629,000
6 Sears, New Bedford, MA 02740
All floors are rented, with a private deck serving each level and a substantial rear yard.
Property Size2,632 SF
Price / SF$238.98
Days on Market10
Property Features for 6 Sears
General Information
Standard status
Active
Size
2,632 SF
Property subtype
Multi-family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
Third floor is unfinished
Additional Details
Gross Income
$86,400
Amenities
private deck
back yard
Building Details
Year Built
1907
Stories
3
Listing Agency:
Keller Williams South Watuppa
Listed By:
Richard W. Hopps II
(508) 287-2906
Source:
Residentialproperties
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 20 at 11:10PM
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 Keller Williams South Watuppa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property contains 2,632 square feet and was built in 1907. The third floor is unfinished and configured as a cottage setup, while each floor has its own large deck. A large backyard adds outdoor space to the property.
The building is fully rented.
The building is fully rented.
Key Highlights
- 2,632 square feet of building area
- Built in 1907
- Fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,834
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,680
$756.7K
Cap Rate 7%
$540,486
$540.5K
Cap Rate 9%
$420,378
$420.4K
Market Conditions
NOI Build-Up for 2,632 SF
Gross rent
$58.4K $22.20/SF
− Vacancy
−$4.4K −$1.67/SF
EGI
$54.0K $20.54/SF
− OpEx
−$16.2K −$6.16/SF
NOI
$37.8K $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%
$756,680
Cap Rate 7%
$540,486
Cap Rate 9%
$420,378
Alternative Uses
Best Use
Multifamily LT 5
$540.5K
$472.9K – $630.6K
NOI $37,834 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$496.2K
$434.2K – $578.9K
NOI $34,734 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$776.1K
$679.1K – $905.4K
NOI $54,324 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
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
Frequently Asked Questions
What type of property is this?
Duplex - All floors are rented, with a private deck serving each level and a substantial rear yard.
Where is this duplex located?
The property is located at 6 Sears New Bedford, MA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 2,632 square feet of building area; Built in 1907; Fully rented
