Five-Unit Apartment
89 Hathaway St, New Bedford, MA 02746
For Sale
$799,900
A refreshed four-bedroom first-floor unit offers an owner-occupancy option within this five-unit property.
Property Size4,599 SF
Price / SF$173.93
Days on Market10
Property Features for 89 Hathaway St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Conway - Dartmouth
Listed By:
Glenn Rapoza · License MA #451500166
(508) 889-4300
Source:
Insightrealtygroup
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 13 at 1:59AM
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 Conway - Dartmouth
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains 4,599 square feet and was built in 1890. The first-floor unit has four bedrooms and has recently been refreshed. RC zoning is noted for the property.
Located at 89 Hathaway St in New Bedford, the property is offered for sale.
Located at 89 Hathaway St in New Bedford, the property is offered for sale.
Key Highlights
- Five‑unit apartment property with 4,599 square feet
- Recently refreshed four‑bedroom first‑floor unit
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,692
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,840
$1.2M
Cap Rate 7%
$867,029
$867.0K
Cap Rate 9%
$674,356
$674.4K
Market Conditions
NOI Build-Up for 4,599 SF
Gross rent
$118.7K $25.80/SF
− Vacancy
−$8.3K −$1.81/SF
EGI
$110.3K $23.99/SF
− OpEx
−$49.7K −$10.80/SF
NOI
$60.7K $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 Rate 5%
$1,213,840
Cap Rate 7%
$867,029
Cap Rate 9%
$674,356
Alternative Uses
Best Use
Apartment 5plus
$867.0K
$758.7K – $1.01M
NOI $60,692 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,923 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
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Business Placement
Demographics for 02746, MA
17,355
Population
7,640
Households
2.3
Avg Household Size
33
Median Age
10%
College-Educated
67%
High-School Grad
2.8 sq mi
ZIP Area
6,198
Density / Sq Mi
$41,023
Median Household Income
$33,472
Median Earnings
$1,100
Median Rent
$324,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in New Bedford, MA
Properties on Market for Apartment buildings in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A refreshed four-bedroom first-floor unit offers an owner-occupancy option within this five-unit property.
Where is this apartment building located?
The property is located at 89 Hathaway St New Bedford, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Five‑unit apartment property with 4,599 square feet; Recently refreshed four‑bedroom first‑floor unit; Built in 1890
