Mixed-Use Retail and
734-738 Brock Ave New Bedford, MA 02744
New
734-738 Brock Ave, New Bedford, MA, 02744
$719,999
For Sale
$719,999
Well-maintained three-unit residential building plus a detached, vacant former barber shop offers flexible mixed-use options.
Property Size4,305 SF
Price / SF$167.25
Days on Market7
Property Features for 734-738 Brock Ave
General Information
- Standard status
- Active
- Size
- 4,305 SF
- Property subtype
- 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1906
Listing agency
RE/MAX Vantage
(508) 999-4424
Listed by
Josiah Cordero
Source
Paulgrover
Added: Jul 15 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM
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 well-maintained mixed-use property includes a three-unit residential building along with a separate detached commercial building. The first and second floor apartments are vacant and have been recently refreshed with fresh paint, restored flooring, and new appliances, creating move-in-ready spaces. The third-floor unit is currently occupied by a tenant at will, providing immediate rental income while allowing for flexibility going forward.
The detached building was formerly operated as a barber shop and is now vacant, presenting an opportunity for a variety of commercial uses. The property is currently offered for sale as a single package, with both residential and commercial components under one ownership.
Overall, the configuration provides an owner-operator or investor with income from the occupied third-floor unit and additional space through the vacant residential apartments and the standalone commercial building.
The detached building was formerly operated as a barber shop and is now vacant, presenting an opportunity for a variety of commercial uses. The property is currently offered for sale as a single package, with both residential and commercial components under one ownership.
Overall, the configuration provides an owner-operator or investor with income from the occupied third-floor unit and additional space through the vacant residential apartments and the standalone commercial building.
Key Highlights
- Mixed‑use property with a three‑unit residential building plus a separate detached, vacant commercial building
- Year built: 1906 residential building
- First- and second‑floor apartments are vacant and recently refreshed with fresh paint, restored flooring, and new appliances
Local 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 | $95.6k | $22.20 |
| − Vacancy | −$7.2k | −$1.67 |
| EGI | $88.4k | $20.54 |
| − OpEx | −$26.5k | −$6.16 |
| NOI | $61.9k | $14.37 |
4,305 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$884.0K
$773.5K – $1.03M
NOI $61,882 @ 7.0% cap · market cap 8.59%
Second Best
Retail
$831.7K
$727.8K – $970.4K
NOI $58,221 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,855 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit residential building plus a detached, vacant former barber shop offers flexible mixed-use options.
Where is this triplex located?
The property is located at 734-738 Brock Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $719,999.
What are key features of this property?
This property features: Mixed‑use property with a three‑unit residential building plus a separate detached, vacant commercial building; Year built: 1906 residential building; First- and second‑floor apartments are vacant and recently refreshed with fresh paint, restored flooring, and new appliances
