Duplex with Private
New
For Sale
$629,000
6 Sears, New Bedford, MA 02740
Residential Income, New Bedford, MA
Property Size2,632 SF
Lot Size0.10 Acres
Price / SF$238.98
Days on Market2
Property Features for 6 Sears
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RB
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3
Directions
East on Hemlock until the end then straight onto Sears.
Standard status
Active
APN
2886995
Size
2,632 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4968
Amenities
large back yard
private deck
Building Details
Year built
1907
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:06PM
MLS# 73591495
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.
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Investment Insights
Based on property information with market context.
Built in 1907, this 2,632-square-foot duplex has six bedrooms and two bathrooms. The third floor contains an unfinished area configured as a cottage setup, and each floor has its own private deck. The property also includes a backyard and sits on a 0.1011-acre lot in New Bedford. Zoning is RB.
Key Highlights
- 2,632 square feet with six bedrooms and two bathrooms
- Private deck on each floor
- Unfinished third‑floor area configured as a cottage setup
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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Current Use
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 - The property is fully leased and includes an unfinished third-floor cottage setup.
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 with six bedrooms and two bathrooms; Private deck on each floor; Unfinished third‑floor area configured as a cottage setup
