Triplex with
For Sale
$549,000
65 Arlington Street, New Bedford, MA 02745
Three residential units include one vacancy and off-street parking with a garage.
Property Size3,462 SF
Price / SF$158.58
Days on Market9
Property Features for 65 Arlington Street
General Information
Standard status
Active
Size
3,462 SF
Elevators
No
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
No
Building Details
Year Built
1917
Abandoned
No
Listing Agency:
Longwood Residential,LLC
Listed By:
Derek Young
(781) 878-2478
Source:
Trufantre
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 10:30AM
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 Longwood Residential,LLC
Investment Insights
Based on property information with market context.
Located at 65 Arlington Street in New Bedford, this triplex contains 3,462 square feet and was built in 1917. The property is arranged as three 3-bedroom, 1-bathroom units, providing a consistent unit layout across the building. One unit is currently vacant, while the property also includes a driveway, off-street parking, and a garage.
The property is near shopping, restaurants, major highways, New Bedford’s waterfront, and downtown. Its three-unit configuration and existing parking and garage improvements create a straightforward multifamily format for evaluating residential occupancy and leasing plans.
The property is near shopping, restaurants, major highways, New Bedford’s waterfront, and downtown. Its three-unit configuration and existing parking and garage improvements create a straightforward multifamily format for evaluating residential occupancy and leasing plans.
Key Highlights
- Three 3‑bedroom, 1‑bathroom units
- 3,462 square feet built in 1917
- One unit is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,765
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,300
$995.3K
Cap Rate 7%
$710,929
$710.9K
Cap Rate 9%
$552,944
$552.9K
Market Conditions
NOI Build-Up for 3,462 SF
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.
Gross rent
$76.9K $22.20/SF
− Vacancy
−$5.8K −$1.67/SF
EGI
$71.1K $20.54/SF
− OpEx
−$21.3K −$6.16/SF
NOI
$49.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,300
Cap Rate 7%
$710,929
Cap Rate 9%
$552,944
Alternative Uses
Best Use
Multifamily LT 5
$710.9K
$622.1K – $829.4K
NOI $49,765 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$652.7K
$571.1K – $761.5K
NOI $45,687 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$1.02M
$893.2K – $1.19M
NOI $71,456 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include one vacancy and off-street parking with a garage.
Where is this triplex located?
The property is located at 65 Arlington Street New Bedford, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Three 3‑bedroom, 1‑bathroom units; 3,462 square feet built in 1917; One unit is currently vacant
