Two-Family
921-923 Belleville Avenue, New Bedford, MA 02745
For Sale
New
$399,000
The property contains five bedrooms and two bathrooms across its two-family configuration.
Property Size2,184 SF
Price / SF$182.69
Days on Market6
Property Features for 921-923 Belleville Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Century 21 Limitless
Listed By:
Ryan McGovern
(401) 533-6017
Source:
Longwoodresidential
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:05AM
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 Century 21 Limitless
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex has approximately 2,184 square feet of living area, with five bedrooms and two bathrooms across the property. The zoning designation is RB.
The address is on Belleville Avenue in New Bedford, with Dartmouth, Fairhaven, and Acushnet identified among the nearby communities. The property is offered as-is, with cash or hard-money financing specified.
The address is on Belleville Avenue in New Bedford, with Dartmouth, Fairhaven, and Acushnet identified among the nearby communities. The property is offered as-is, with cash or hard-money financing specified.
Key Highlights
- Two‑family property with 5 bedrooms and 2 baths
- Approximately 2,184 sq ft of living space
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,394
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,880
$627.9K
Cap Rate 7%
$448,486
$448.5K
Cap Rate 9%
$348,822
$348.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$48.5K $22.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$44.8K $20.54/SF
− OpEx
−$13.5K −$6.16/SF
NOI
$31.4K $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 Rate 5%
$627,880
Cap Rate 7%
$448,486
Cap Rate 9%
$348,822
Alternative Uses
Best Use
Multifamily LT 5
$448.5K
$392.4K – $523.2K
NOI $31,394 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$411.7K
$360.3K – $480.4K
NOI $28,822 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,078 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 02745, MA
25,336
Population
10,649
Households
2.4
Avg Household Size
41
Median Age
20%
College-Educated
83%
High-School Grad
9.8 sq mi
ZIP Area
2,585
Density / Sq Mi
$73,154
Median Household Income
$46,978
Median Earnings
$1,104
Median Rent
$339,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in New Bedford, MA
Properties on Market for Duplexes in New Bedford
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains five bedrooms and two bathrooms across its two-family configuration.
Where is this duplex located?
The property is located at 921-923 Belleville Avenue New Bedford, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑family property with 5 bedrooms and 2 baths; Approximately 2,184 sq ft of living space; Built in 1924
