Duplex With Fenced Yard
62 Topham Street New Bedford, MA 02746
62 Topham Street, New Bedford, MA, 02746
$574,900
For Sale
$574,900
Well-kept duplex on a corner lot with a huge fenced yard and 4-car parking, plus a second-floor 1-bedroom apartment.
Property Size2,275 SF
Price / SF$252.70
Days on Market90
Property Features for 62 Topham Street
General Information
- Standard status
- Active
- Size
- 2,275 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1930
Listing agency
Lamacchia Realty, Inc.
(508) 677-3629
Listed by
Michelle Saltmarsh · License #9517530
(508) 677-3629
Source
Compass
Added: Apr 24 Updated: Jul 22 at 12:38AM Checked: Jul 22 at 12:38AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex is exceptionally well-kept and presented in clean, bright condition. The main floor includes an eat-in kitchen with tile flooring, a dining room, and a large living room, along with three spacious bedrooms featuring hardwood floors. A partially finished basement adds flexible space, including home gym potential. The second floor contains an additional 1-bedroom apartment that can help provide income.
Set on a massive corner lot, the property includes a huge fenced yard and room for 4-car parking. The home has been owned for more than 40 years and is currently in probate.
Overall, the layout combines owner-occupied living space with a separate 1-bedroom unit above, supported by practical outdoor and parking features.
Set on a massive corner lot, the property includes a huge fenced yard and room for 4-car parking. The home has been owned for more than 40 years and is currently in probate.
Overall, the layout combines owner-occupied living space with a separate 1-bedroom unit above, supported by practical outdoor and parking features.
Key Highlights
- 1930 frame home on a corner lot with a huge fenced yard, rain gutters, and a porch
- Main level features: eat‑in kitchen with tile flooring, dining room, and a large living room
- Hardwood flooring on the first‑floor bedrooms (3 rooms) plus tile, vinyl, carpet, and stone/ceramic tile throughout
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 | $50.5k | $22.20 |
| − Vacancy | −$3.8k | −$1.67 |
| EGI | $46.7k | $20.54 |
| − OpEx | −$14.0k | −$6.16 |
| NOI | $32.7k | $14.37 |
2,275 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$428.9K
$375.3K – $500.4K
NOI $30,022 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$670.8K
$587.0K – $782.6K
NOI $46,956 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-kept duplex on a corner lot with a huge fenced yard and 4-car parking, plus a second-floor 1-bedroom apartment.
Where is this duplex located?
The property is located at 62 Topham Street New Bedford, MA.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 1930 frame home on a corner lot with a huge fenced yard, rain gutters, and a porch; Main level features: eat‑in kitchen with tile flooring, dining room, and a large living room; Hardwood flooring on the first‑floor bedrooms (3 rooms) plus tile, vinyl, carpet, and stone/ceramic tile throughout
