Two-Family Home with
For Sale
$599,900
745 County St, New Bedford, MA 02740
Two-family home featuring a garage and fenced yard.
Property Size2,324 SF
Lot Size0.10 Acres
Days on Market319
Property Features for 745 County St
General Information
Standard status
Active
Size
2,324 SF
Lot size
0.10 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,139
Building Details
Building Size
2,324 SF
Year Built
1882
Stories
2
Units
2
Listed By:
Cheryl Hebert
(508) 813-2324
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 12 at 9:40PM
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 Cheryl Hebert
Investment Insights
Based on property information with market context.
This two-family home includes a one-car garage and a fenced-in yard. The first floor features two bedrooms, an eat-in kitchen, and a large double parlor with a fireplace. The second floor includes an eat-in kitchen, a dining room, and two bedrooms, with potential for a cottage setup. A full attic with a cedar closet is also present. The roof is approximately 2 years old. All appliances are to remain with the property. The first floor will be vacant at closing.
Key Highlights
- First floor will be vacant at closing, allowing for immediate occupancy or rental.
- Two‑family property offers potential for rental income or multi‑generational living.
- Relatively new roof (approximately 2 years old).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,406
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,120
$668.1K
Cap Rate 7%
$477,229
$477.2K
Cap Rate 9%
$371,178
$371.2K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$51.6K $22.20/SF
− Vacancy
−$3.9K −$1.67/SF
EGI
$47.7K $20.54/SF
− OpEx
−$14.3K −$6.16/SF
NOI
$33.4K $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%
$668,120
Cap Rate 7%
$477,229
Cap Rate 9%
$371,178
Alternative Uses
Best Use
Multifamily LT 5
$477.2K
$417.6K – $556.8K
NOI $33,406 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$685.2K
$599.6K – $799.5K
NOI $47,967 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
708
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
Check the figures for this property
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 home featuring a garage and fenced yard.
Where is this duplex located?
The property is located at 745 County St New Bedford, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: First floor will be vacant at closing, allowing for immediate occupancy or rental.; Two‑family property offers potential for rental income or multi‑generational living.; Relatively new roof (approximately 2 years old).
