84 Walden St New Bedford, MA 02740
MULTI_FAMILY - New Bedford, MA
Property Features for 84 Walden St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RB
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
- Standard status
- Active
- APN
- M:0058 L:0082,2892992
- Size
- 1,950 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4548
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
Listing agent Eddie Lopez (508) 999-4424
Listing office RE/MAX Vantage 77 State Road, Boston, MA (774) 992-0297
Listing date Apr 30, 2026
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 84 Walden St in New Bedford, Massachusetts (02740), the property is zoned RB. It also includes outdoor space with a private yard.
With two distinct three-bedroom layouts, the home can support a practical owner-occupant setup where one unit is lived in and the other is rented, or it can serve as a residential income property for investors. The documented upgrades, including the renovated second-floor unit and the property-wide heating, insulation, and plumbing work, help reduce near-term renovation needs and support straightforward occupancy planning.
Key Highlights
- 1880‑built 2‑family home in New Bedford with 3 bedrooms and 1 full bath in each unit
- Second‑floor unit has been completely renovated with a brand‑new kitchen (with new appliances) and fully updated bathroom
- Renovations include new flooring and fresh finishes in the second‑floor unit
Local 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 | $43.3k | $22.20 |
| − Vacancy | −$3.2k | −$1.67 |
| EGI | $40.0k | $20.54 |
| − OpEx | −$12.0k | −$6.16 |
| NOI | $28.0k | $14.37 |
