Two-Family Home with Private
For Sale
$389,000
Pending
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
Days on Market112
Property Features for 72 Walden St
General Information
Standard status
Pending
Size
1,649 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,092
Building Details
Building Size
1,649 SF
Year Built
1876
Listing Agency:
Century 21 Signature Properties
Listed By:
Layla Nunez
(774) 634-8308
Source:
Paulgrover
Added: Jun 16
Changed: Oct 3
Last Checked: Oct 4 at 4:20PM
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 / Yr
$23,704
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
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
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 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 6.09%
Second Best
Apartment 5plus
$310.9K
$272.0K – $362.7K
NOI $21,761 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$486.2K
$425.4K – $567.3K
NOI $34,035 @ 7.0% cap · market cap 8.75%
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
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
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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 - 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 $389,000.
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.
