Two-Unit Duplex with Eat-In
For Sale
$389,000
69 Delano St, New Bedford, MA 02744
Residential income property with matching layouts and access to nearby shopping, dining, schools, parks, and beaches.
Property Size1,656 SF
Price / SF$234.90
Days on Market91
Property Features for 69 Delano St
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,025
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO
(508) 951-4104
Source:
Exprealty
Added: Jul 7
Changed: Oct 2
Last Checked: Oct 4 at 6:23PM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This duplex contains 1,656 square feet arranged as two residential units. Each unit includes two bedrooms, one full bathroom, a living room, and an eat-in kitchen, creating a consistent layout across the property. The configuration supports both owner occupancy and rental use, as described in the property information.
Located at 69 Delano St in New Bedford, the property is near shopping, restaurants, schools, parks, and beaches. Its surrounding amenities and commuter access add practical convenience for residents. The two-unit format provides a straightforward multifamily ownership structure with separately arranged living spaces.
Located at 69 Delano St in New Bedford, the property is near shopping, restaurants, schools, parks, and beaches. Its surrounding amenities and commuter access add practical convenience for residents. The two-unit format provides a straightforward multifamily ownership structure with separately arranged living spaces.
Key Highlights
- Two‑unit duplex with 1,656 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- Both units feature a living room and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,804
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,080
$476.1K
Cap Rate 7%
$340,057
$340.1K
Cap Rate 9%
$264,489
$264.5K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$36.8K $22.20/SF
− Vacancy
−$2.8K −$1.67/SF
EGI
$34.0K $20.54/SF
− OpEx
−$10.2K −$6.16/SF
NOI
$23.8K $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%
$476,080
Cap Rate 7%
$340,057
Cap Rate 9%
$264,489
Alternative Uses
Best Use
Multifamily LT 5
$340.1K
$297.6K – $396.7K
NOI $23,804 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,854 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$488.3K
$427.3K – $569.7K
NOI $34,180 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with matching layouts and access to nearby shopping, dining, schools, parks, and beaches.
Where is this duplex located?
The property is located at 69 Delano St New Bedford, MA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,656 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Both units feature a living room and eat‑in kitchen
