Two-Family Home with Three-Car
763-765 Rockdale Ave, New Bedford, MA 02740
For Sale
New
$525,000
Two vacant units each offer two bedrooms, hardwood floors, and a double parlor; the upper unit also has an enclosed porch.
Property Size2,144 SF
Price / SF$244.87
Days on Market5
Property Features for 763-765 Rockdale Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Nathan Sousa
(508) 642-4748
Source:
Lockandkeyre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:31PM
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
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Investment Insights
Based on property information with market context.
This 2,144-square-foot duplex, built in 1925, contains two residential units, both to be vacant at closing. Each has two bedrooms, hardwood flooring, and a double parlor. The second-floor apartment also includes an enclosed porch, while the third floor has finished space. A three-car garage serves the property, and each unit has a separate heating system, one of which is a high-efficiency boiler.
The home is near Buttonwood Park and offers access to Routes 140 and 195. Shopping, restaurants, and everyday services in Dartmouth are also nearby.
The home is near Buttonwood Park and offers access to Routes 140 and 195. Shopping, restaurants, and everyday services in Dartmouth are also nearby.
Key Highlights
- Two units, each with two bedrooms, hardwood floors, and a double parlor
- Both apartments to be vacant at closing
- Second‑floor unit includes an enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,819
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,380
$616.4K
Cap Rate 7%
$440,271
$440.3K
Cap Rate 9%
$342,433
$342.4K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$47.6K $22.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$44.0K $20.54/SF
− OpEx
−$13.2K −$6.16/SF
NOI
$30.8K $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%
$616,380
Cap Rate 7%
$440,271
Cap Rate 9%
$342,433
Alternative Uses
Best Use
Multifamily LT 5
$440.3K
$385.2K – $513.7K
NOI $30,819 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,294 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$632.2K
$553.2K – $737.5K
NOI $44,252 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
714
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
$303,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Bedford, MA
Properties on Market for Duplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units each offer two bedrooms, hardwood floors, and a double parlor; the upper unit also has an enclosed porch.
Where is this duplex located?
The property is located at 763-765 Rockdale Ave New Bedford, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two units, each with two bedrooms, hardwood floors, and a double parlor; Both apartments to be vacant at closing; Second‑floor unit includes an enclosed porch
