6-Unit Apartment Building with Separate
New
For Sale
$680,000
826 County St, New Bedford, MA 02740
Six-unit income property with off-street parking and separate heat and electric for each unit.
Days on Market4
Property Features for 826 County St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Gross Income
$92,400
Multifamily Units
6
Amenities
separate heat and electric
off-street parking
Building Details
Building Size
3,169 SF
Year Built
1880
Listing Agency:
Keller Williams South Watuppa
(774) 319-1169
Listed By:
The J. Pavao Team
(774) 319-1169
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 12:39PM
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 6-unit apartment building is an income-producing property built in 1880. The property has been almost entirely updated within the last few years, and it includes separate heat and electric for each unit. Off-street parking is also provided, supporting convenient day-to-day operations for residents.
The building is located at 826 County St in New Bedford, MA 02740. Walkability is supported by a walkScore of 92, with bikeScore 57 and transitScore 37, reflecting a location that can work for residents who rely on active transportation or limited transit access.
Professional property management is already in place. The current management company can potentially continue for a hands-off transition, which may help streamline ownership continuity for a new investor.
The building is located at 826 County St in New Bedford, MA 02740. Walkability is supported by a walkScore of 92, with bikeScore 57 and transitScore 37, reflecting a location that can work for residents who rely on active transportation or limited transit access.
Professional property management is already in place. The current management company can potentially continue for a hands-off transition, which may help streamline ownership continuity for a new investor.
Key Highlights
- Separate heat and electric for each of the 6 units
- Off‑street parking for residents
- Almost entirely updated within the last few years
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 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$934.4K
$817.6K – $1.09M
NOI $65,408 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
757
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit income property with off-street parking and separate heat and electric for each unit.
Where is this apartment building located?
The property is located at 826 County St New Bedford, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Separate heat and electric for each of the 6 units; Off‑street parking for residents; Almost entirely updated within the last few years
