Three-Unit Multifamily
For Sale
$649,900
82 Eugenia Street, New Bedford, MA 02745
Triplex with two vacant units, private outdoor space, and a curb cut supporting future garage planning.
Property Size3,360 SF
Price / SF$193.42
Days on Market9
Property Features for 82 Eugenia Street
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Listing Agency:
Compass
(850) 554-3142
Listed By:
The Mathew J. Arruda Group · License #BK3153120
Source:
Highlandre
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 30 at 6:10PM
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 Compass
Investment Insights
Based on property information with market context.
This 3,360-square-foot triplex, constructed in 1910, contains three separate residential units with a combined total of nine bedrooms and three bathrooms. Two units are vacant, providing immediate flexibility for occupancy or leasing while the property retains its three-unit configuration.
The property includes a backyard and a curb cut that may support planning for a garage addition. Located at 82 Eugenia Street in New Bedford, Massachusetts, the building offers a multifamily layout suited to residential income use or an owner-occupant arrangement.
The property includes a backyard and a curb cut that may support planning for a garage addition. Located at 82 Eugenia Street in New Bedford, Massachusetts, the building offers a multifamily layout suited to residential income use or an owner-occupant arrangement.
Key Highlights
- Three‑unit multifamily property with 9 bedrooms and 3 bathrooms
- 3,360 square feet across three residential units
- Two of three units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,298
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$965,960
$966.0K
Cap Rate 7%
$689,971
$690.0K
Cap Rate 9%
$536,644
$536.6K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$74.6K $22.20/SF
− Vacancy
−$5.6K −$1.67/SF
EGI
$69.0K $20.54/SF
− OpEx
−$20.7K −$6.16/SF
NOI
$48.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$965,960
Cap Rate 7%
$689,971
Cap Rate 9%
$536,644
Alternative Uses
Best Use
Multifamily LT 5
$690.0K
$603.7K – $805.0K
NOI $48,298 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$633.4K
$554.3K – $739.0K
NOI $44,341 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$990.7K
$866.9K – $1.16M
NOI $69,350 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with two vacant units, private outdoor space, and a curb cut supporting future garage planning.
Where is this triplex located?
The property is located at 82 Eugenia Street New Bedford, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑unit multifamily property with 9 bedrooms and 3 bathrooms; 3,360 square feet across three residential units; Two of three units are currently vacant
