Updated 6-Unit Apartment
For Sale
Under Contract
$670,000
826 County St, New Bedford, MA 02740
Residential Income, New Bedford, MA
Property Size3,169 SF
Lot Size0.10 Acres
Price / SF$211.42
Days on Market62
Property Features for 826 County St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MUB
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 8, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 7, Bedroom 10, Bathroom 2, Bedroom 9, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 3
Parking
3
Directions
Linden to county
Standard status
Active Under Contract
APN
M:0078 L:0064,2896335
Size
3,169 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5472
Amenities
off-street parking
separate heat and electric
Building Details
Year built
1880
Floors in Building
3
Number of units
6
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Jul 28
Changed: Sep 21
Last Checked: Sep 27 at 12:06PM
MLS# 73555788
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 826 County St in New Bedford, this 6-unit apartment property contains 3,169 square feet on a 0.1011-acre lot. Built in 1880, the building has been substantially updated within the last few years and includes 6 bathrooms and 10 bedrooms.
Each unit has separate heat and electric service, supporting distinct utility responsibility across the property. Off-street parking is provided, and professional property management is currently in place. The property is zoned MUB and situated in New Bedford, Massachusetts, within Bristol County.
Each unit has separate heat and electric service, supporting distinct utility responsibility across the property. Off-street parking is provided, and professional property management is currently in place. The property is zoned MUB and situated in New Bedford, Massachusetts, within Bristol County.
Key Highlights
- 6‑unit apartment property with 3,169 square feet
- 0.1011‑acre lot at 826 County St, New Bedford, MA 02740
- Built in 1880 and almost entirely updated within the last few years
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
$41,820
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
6.24%
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%
$836,400
$836.4K
Cap Rate 7%
$597,429
$597.4K
Cap Rate 9%
$464,667
$464.7K
Market Conditions
NOI Build-Up for 3,169 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
$81.8K $25.80/SF
− Vacancy
−$5.7K −$1.81/SF
EGI
$76.0K $23.99/SF
− OpEx
−$34.2K −$10.80/SF
NOI
$41.8K $13.20/SF
Area
New Bedford, MA
Vacancy
7.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
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%
$836,400
Cap Rate 7%
$597,429
Cap Rate 9%
$464,667
Alternative Uses
Best Use
Apartment 5plus
$597.4K
$522.8K – $697.0K
NOI $41,820 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$934.4K
$817.6K – $1.09M
NOI $65,408 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Multifamily property with individually metered utilities, off-street parking, and property management already established.
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 $670,000.
What are key features of this property?
This property features: 6‑unit apartment property with 3,169 square feet; 0.1011‑acre lot at 826 County St, New Bedford, MA 02740; Built in 1880 and almost entirely updated within the last few years
