Two-Family Home with Private
For Sale
$429,000
72 Walden St, New Bedford, MA 02740
Two-family layout with a private one-bedroom entrance, providing flexible living or rental options and a private backyard.
Property Size1,649 SF
Price / SF$260.16
Days on Market66
Property Features for 72 Walden St
General Information
Standard status
Active
Size
1,649 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1876
Listing Agency:
Century 21 Signature Properties
(774) 634-8308
Listed By:
Layla Nunez
(774) 634-8308
Source:
Lockandkeyre
Added: Jun 16
Changed: Jul 10
Last Checked: Jul 25 at 11:54AM
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 Century 21 Signature Properties
Investment Insights
Based on property information with market context.
This two-family home offers the feel of a single-family residence with two distinct living spaces. The front unit includes three bedrooms, one full bathroom, and a cozy fireplace. The separate one-bedroom apartment has its own private entrance, supporting flexible use for extended family, guests, or rental arrangements. Outside, the property includes a private backyard for relaxing or entertaining.
The home is conveniently located near downtown New Bedford, with nearby shopping and restaurants. It also sits close to the new South Coast Rail train station, which can support easier commuting.
The property is being sold as-is. Electricity and gas are currently off in the first unit, so interested buyers should plan for utilities to be restored and verify service conditions during due diligence. With its separate entrances and self-contained apartment configuration, the home is well suited for buyers seeking multi-generational living or an income-producing setup.
The home is conveniently located near downtown New Bedford, with nearby shopping and restaurants. It also sits close to the new South Coast Rail train station, which can support easier commuting.
The property is being sold as-is. Electricity and gas are currently off in the first unit, so interested buyers should plan for utilities to be restored and verify service conditions during due diligence. With its separate entrances and self-contained apartment configuration, the home is well suited for buyers seeking multi-generational living or an income-producing setup.
Key Highlights
- Built in 1876, this two‑family home offers separate living for a front 3‑bedroom/1‑bath unit and a separate 1‑bedroom apartment.
- Front home includes 3 bedrooms, 1 full bath, and a fireplace.
- Separate 1‑bedroom apartment has its own private entrance.
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
$23,704
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
5.53%
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%
$474,080
$474.1K
Cap Rate 7%
$338,629
$338.6K
Cap Rate 9%
$263,378
$263.4K
Market Conditions
NOI Build-Up for 1,649 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
$36.6K $22.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$33.9K $20.54/SF
− OpEx
−$10.2K −$6.16/SF
NOI
$23.7K $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%
$474,080
Cap Rate 7%
$338,629
Cap Rate 9%
$263,378
Alternative Uses
Best Use
Multifamily LT 5
$338.6K
$296.3K – $395.1K
NOI $23,704 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$310.9K
$272.0K – $362.7K
NOI $21,761 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$486.2K
$425.4K – $567.3K
NOI $34,035 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,112
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout with a private one-bedroom entrance, providing flexible living or rental options and a private backyard.
Where is this duplex located?
The property is located at 72 Walden St New Bedford, MA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Built in 1876, this two‑family home offers separate living for a front 3‑bedroom/1‑bath unit and a separate 1‑bedroom apartment.; Front home includes 3 bedrooms, 1 full bath, and a fireplace.; Separate 1‑bedroom apartment has its own private entrance.
