Two-Unit Residential Income
For Sale
$389,000
69 Delano St, New Bedford, MA 02744
Residential Income, New Bedford, MA
Property Size1,656 SF
Lot Size0.07 Acres
Price / SF$234.90
Days on Market92
Property Features for 69 Delano St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Directions
Please Use GPS
Standard status
Active
APN
M:0025 L:0157,2886272
Size
1,656 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4025
Building Details
Year built
1893
Floors in Building
2
Number of units
1
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Jul 7
Changed: Sep 18
Last Checked: Oct 6 at 6:06PM
MLS# 73545560
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.
Investment Insights
Based on property information with market context.
This two-family residence contains 1,656 square feet arranged as two separate units. Each unit includes two bedrooms, one full bathroom, a living room, and an eat-in kitchen, creating a consistent layout throughout the property. Built in 1893, the home is zoned RC and occupies a 0.0703-acre lot.
The property is located at 69 Delano St in New Bedford, near shopping, restaurants, schools, parks, and beaches. Its two-unit configuration is suited to an owner-occupant or an investor seeking a residential income property.
The property is located at 69 Delano St in New Bedford, near shopping, restaurants, schools, parks, and beaches. Its two-unit configuration is suited to an owner-occupant or an investor seeking a residential income property.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 full bathroom
- 1,656 square feet on a 0.0703‑acre lot
- Each unit includes 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Classic two-family layout with matching two-bedroom units and convenient access to everyday amenities.
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 separate units, each with 2 bedrooms and 1 full bathroom; 1,656 square feet on a 0.0703‑acre lot; Each unit includes a living room and eat‑in kitchen
