Two-Family Home with Off-Street
New
For Sale
$539,900
76 Atlantic St, New Bedford, MA 02740
Modernized kitchens and bathrooms, hardwood flooring, and replacement windows serve both residences.
Property Size2,152 SF
Days on Market6
Property Features for 76 Atlantic St
General Information
Standard status
Active
Size
2,152 SF
Total Parking Spaces
3
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,509
Amenities
coin-operated washer and dryer
Building Details
Building Size
2,152 SF
Year Built
1886
Listing Agency:
Keller Williams Realty
Listed By:
Robert Chestnut · License #9059718
(508) 294-0281
Source:
Allisonmazer
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 4:49AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,152-square-foot duplex in New Bedford has two residences with modernized kitchens and bathrooms, replacement windows, and hardwood flooring. The exterior was painted last year, and the roof was replaced two years ago. Improvements also include PVC waste lines and three 60-amp circuit breaker panels. A third-floor walk-up may offer expansion potential, subject to required approvals. A coin-operated washer and dryer are included, and off-street parking accommodates two to three vehicles.
The property is seven blocks from Buttonwood Park and two blocks from St. Luke’s Hospital.
The property is seven blocks from Buttonwood Park and two blocks from St. Luke’s Hospital.
Key Highlights
- Two‑family property with 2,152 square feet
- Modernized kitchens and bathrooms, replacement windows, and hardwood flooring
- Third‑floor walk‑up with potential for expansion, subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,934
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,680
$618.7K
Cap Rate 7%
$441,914
$441.9K
Cap Rate 9%
$343,711
$343.7K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$47.8K $22.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$44.2K $20.54/SF
− OpEx
−$13.3K −$6.16/SF
NOI
$30.9K $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%
$618,680
Cap Rate 7%
$441,914
Cap Rate 9%
$343,711
Alternative Uses
Best Use
Multifamily LT 5
$441.9K
$386.7K – $515.6K
NOI $30,934 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$405.7K
$355.0K – $473.3K
NOI $28,399 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K
NOI $44,417 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,888
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
Frequently Asked Questions
What type of property is this?
Duplex - Modernized kitchens and bathrooms, hardwood flooring, and replacement windows serve both residences.
Where is this duplex located?
The property is located at 76 Atlantic St New Bedford, MA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two‑family property with 2,152 square feet; Modernized kitchens and bathrooms, replacement windows, and hardwood flooring; Third‑floor walk‑up with potential for expansion, subject to approvals
