Charming Three-Family
For Sale
$489,000
Pending
81 Thompson St., New Bedford, MA 02740
Well-maintained three-unit property near beaches and amenities.
Property Size2,472 SF
Days on Market114
Property Features for 81 Thompson St.
General Information
Standard status
Pending
Size
2,472 SF
Property subtype
3 Family
Building Details
Year Built
1920
Listing Agency:
LAER Realty Partners
(617) 212-9598
Listed By:
The stevedoug.com Team
(617) 212-9598
Source:
Lockandkeyre
Added: Apr 9
Changed: Jul 10
Last Checked: Apr 20 at 6:51PM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This well-maintained three-family home features three two-bedroom units. The property includes a fenced-in yard and off-street parking. The roof is approximately 7-8 years old. Updated kitchens and baths are present in the units. The property is situated a short distance from local beaches and the ocean, as well as local amenities including shopping, a hospital, churches, and schools. Floor plans for units 1 and 2 are available.
Key Highlights
- Income property opportunity with three 2‑bedroom units.
- Updated kitchens and baths.
- Off‑street parking.
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 | $54.9k | $22.20 |
| − Vacancy | −$4.1k | −$1.67 |
| EGI | $50.8k | $20.54 |
| − OpEx | −$15.2k | −$6.16 |
| NOI | $35.5k | $14.37 |
2,472 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$507.6K
$444.2K – $592.2K
NOI $35,534 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$466.0K
$407.8K – $543.7K
NOI $32,622 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$728.9K
$637.8K – $850.4K
NOI $51,022 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,415
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit property near beaches and amenities.
Where is this triplex located?
The property is located at 81 Thompson St. New Bedford, MA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Income property opportunity with three 2‑bedroom units.; Updated kitchens and baths.; Off‑street parking.
