Income-Producing 6-Unit Multifamily
826 County Street New Bedford, MA 02740
826 County Street, New Bedford, MA, 02740
$689,900
For Sale
$689,900
Turnkey, updated 6-unit property with strong returns and low maintenance.
Property Size3,169 SF
Price / SF$217.70
Days on Market97
Property Features for 826 County Street
General Information
- Standard status
- Active
- Size
- 3,169 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Keller Williams South Watuppa
Listed by
The J. Pavao Team
(617) 396-3100
Source
Longwoodresidential
Added: Apr 17 Updated: Jul 10 at 1:31PM Checked: Jul 17 at 10:58AM
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 South Watuppa
Investment Insights
Based on property information with market context.
This income-producing 6-unit property is suitable for investors. The property grosses $7,700 per month. This turnkey asset has been almost entirely updated within the last few years. The property features separate heat and electric for each unit and off-street parking. Professional property management is already in place and the current management company can potentially continue for a hands-off transition. The property size is 3169 square feet.
Key Highlights
- Strong income‑producing property grossing $7,700 per month.
- Turnkey asset with recent updates.
- Low maintenance requirements.
Local Financial Insights For Apartment 5plus
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 | $81.8k | $25.80 |
| − Vacancy | −$5.7k | −$1.81 |
| EGI | $76.0k | $23.99 |
| − OpEx | −$34.2k | −$10.80 |
| NOI | $41.8k | $13.20 |
3,169 SF · lease $25.80/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$597.4K
$522.8K – $697.0K
NOI $41,820 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$934.4K
$817.6K – $1.09M
NOI $65,408 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey, updated 6-unit property with strong returns and low maintenance.
Where is this apartment building located?
The property is located at 826 County Street New Bedford, MA.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Strong income‑producing property grossing $7,700 per month.; Turnkey asset with recent updates.; Low maintenance requirements.
