Three-Unit Residential Income
For Sale
$540,000
73 Linden Street, New Bedford, MA 02740
Three similar units offer two bedrooms plus living, dining, kitchen, and bath, with paved driveway parking for up to three cars.
Property Size2,450 SF
Price / SF$220.41
Days on Market119
Property Features for 73 Linden Street
General Information
Standard status
Active
Size
2,450 SF
Total Parking Spaces
3
Property subtype
Multi-family / 3 Family - 3 Units Up/Down
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1880
Listing Agency:
Rosewood Realty
(508) 567-0692
Listed By:
Bryan Nadeau · License #9575794
(508) 567-0692
Source:
Compass
Added: Apr 4
Changed: Jul 21
Last Checked: Jul 21 at 7:05AM
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 Rosewood Realty
Investment Insights
Based on property information with market context.
This three-unit residential income property includes three units with a similar layout, each offering two bedrooms, a living room, dining room, kitchen, and bath. The first floor is currently occupied by the owners and is described as soon to be vacant upon sale, while the second and third floors are occupied. The exterior features a paved driveway providing off-street parking for up to three parking spots, along with a fenced yard and an area intended for backyard enjoyment.
Convenient access is noted to the highway and close proximity to the T Train Station. The property also has updated electric and a roof.
Private showings are available with 24 hours’ advance notice.
Convenient access is noted to the highway and close proximity to the T Train Station. The property also has updated electric and a roof.
Private showings are available with 24 hours’ advance notice.
Key Highlights
- Three‑family home built in 1880 with three units with similar layouts, each offering 2 bedrooms plus living, dining, kitchen, and bath
- 3 full baths total; interior includes living room, dining room, and kitchen features
- Exterior includes fenced/enclosed yard and frame construction with a shingle roof; updated electric and roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $22.20 |
| − Vacancy | −$4.1k | −$1.67 |
| EGI | $50.3k | $20.54 |
| − OpEx | −$15.1k | −$6.16 |
| NOI | $35.2k | $14.37 |
2,450 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.1K
$440.2K – $587.0K
NOI $35,218 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$461.9K
$404.2K – $538.9K
NOI $32,332 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$722.4K
$632.1K – $842.8K
NOI $50,568 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
757
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?
Triplex - Three similar units offer two bedrooms plus living, dining, kitchen, and bath, with paved driveway parking for up to three cars.
Where is this triplex located?
The property is located at 73 Linden Street New Bedford, MA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Three‑family home built in 1880 with three units with similar layouts, each offering 2 bedrooms plus living, dining, kitchen, and bath; 3 full baths total; interior includes living room, dining room, and kitchen features; Exterior includes fenced/enclosed yard and frame construction with a shingle roof; updated electric and roof
