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    51 County St New Bedford, MA 02744

    Sponsored
    For Sale
    $667,500

    Prime Location, High Rental Potential

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a vacant, versatile five-unit multifamily property situated on a 0.06-acre lot at 51 County St, New Bedford, MA, 02744. The 4,500 square foot building offers a mix of unit sizes to cater to diverse rental needs: two two-bedroom units, two one-bedroom units, and one three-bedroom unit. Currently vacant, this property provides a unique opportunity for an investor to establish their own tenant base and rental rates, maximizing income potential. Its prime location in New Bedford offers convenient access to major roadways and local amenities, ensuring high tenant demand. The property is listed at $667,500 and presents a strong potential for steady rental income, making it an attractive addition to any real estate portfolio. This is a multifamily property with commercial zoning, offering flexibility for future uses. The property's layout and location make it an ideal investment for both seasoned investors and those new to the rental market. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving Massachusetts market.

    Property Features for 51 County St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,500 SF
    Lot Size
    2,614 SF

    HighLights

    • $667,500 asking price.
    • Multifamily property with 0 units, 4,500 square feet on a 0.06‑acre lot.
    • Located at 51 County St, New Bedford, MA 02744.
    • Property type: Multifamily, Land; Subtype: Apartment Building, Commercial, Duplex/Triplex/Quadruplex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9224975
    Latitude
    41.6165498

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, High Rental Potential
    Where is this multifamily property located?
    The property is located at 51 County St New Bedford, MA.
    What is the asking price?
    The asking price for this property is $667,500.
    What are key features of this property?
    This property features: $667,500 asking price.; Multifamily property with 0 units, 4,500 square feet on a 0.06-acre lot.; Located at 51 County St, New Bedford, MA 02744.
    Request Owner's contact information
    51 County St New Bedford, MA 02744
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    New Bedford, MA 02744
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 County St New Bedford, MA 02744
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