Three-Family Home with Oversized
New
For Sale
$679,900
85 Jouvette St, New Bedford, MA 02744
MULTI_FAMILY - New Bedford, MA
Property Size3,730 SF
Lot Size0.08 Acres
Price / SF$182.28
Days on Market5
Property Features for 85 Jouvette St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 9, Bedroom 7, Bedroom 4, Bathroom 1
Parking
4
Directions
please use GPS
Subdivision
South End
Standard status
Active
APN
M:0020 L:0235,2885373
Size
3,730 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5732
Building Details
Year built
1907
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Aug 4
Changed: Aug 8
Last Checked: Aug 8 at 10:06PM
MLS# 73558916
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.
This 3,730-square-foot triplex, built in 1907, contains three apartments with a combined total of 9 bedrooms and 3 full bathrooms. The layouts are described as spacious, and the property includes a full basement for additional storage along with off-street parking. The first-floor apartment will be delivered vacant, providing flexibility for an owner-occupant or a new tenant arrangement.
Located in New Bedford, Massachusetts, the property sits on a 0.0784-acre lot and carries RC zoning. Its three-unit configuration, bedroom count, parking, and basement space create a practical multifamily profile for both investment and owner-occupancy considerations.
Located in New Bedford, Massachusetts, the property sits on a 0.0784-acre lot and carries RC zoning. Its three-unit configuration, bedroom count, parking, and basement space create a practical multifamily profile for both investment and owner-occupancy considerations.
Key Highlights
- Three‑family property with 3,730 square feet of building area
- 9 bedrooms and 3 full bathrooms across three apartments
- First‑floor apartment to be delivered 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
$53,617
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
7.89%
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%
$1,072,340
$1.1M
Cap Rate 7%
$765,957
$766.0K
Cap Rate 9%
$595,744
$595.7K
Market Conditions
NOI Build-Up for 3,730 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
$82.8K $22.20/SF
− Vacancy
−$6.2K −$1.67/SF
EGI
$76.6K $20.54/SF
− OpEx
−$23.0K −$6.16/SF
NOI
$53.6K $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%
$1,072,340
Cap Rate 7%
$765,957
Cap Rate 9%
$595,744
Alternative Uses
Best Use
Multifamily LT 5
$766.0K
$670.2K – $893.6K
NOI $53,617 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$703.2K
$615.3K – $820.4K
NOI $49,224 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.10M
$962.3K – $1.28M
NOI $76,987 @ 7.0% cap · market cap 11.32%
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
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments provide nine bedrooms, off-street parking, and basement storage in a multifamily property.
Where is this triplex located?
The property is located at 85 Jouvette St New Bedford, MA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Three‑family property with 3,730 square feet of building area; 9 bedrooms and 3 full bathrooms across three apartments; First‑floor apartment to be delivered vacant
