1061 Pleasant St New Bedford, MA 02740-6728
Property profile & analytics
1061 Pleasant St New Bedford, MA 02740-6728
- Residential income homes
- 14,732 SF
- 0.81 lot acres
Property ID
US38-1386575
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Gabriela Velcea / Physician
- Hardesty Jody / Foster Care Service / Social Service Agency
- Shawnai Matos, BA / Physician
- Caitlin Vest / Foster Care Service / Social Service Agency
- Asha Keshavan / Physician
Property Details for 1061 Pleasant St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.81 lot acres
- Property size
- 14,732 SF
- Zone code
- RA
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- NEWB M:0065 L:0133
- APU
- NEWBM0065L0133
Description
This exceptional mixed-use development opportunity in New Bedford, Massachusetts, presents a unique chance to capitalize on the city's revitalization. The property, located at 1061 Pleasant Street, encompasses a historic building, the Russell-Howland House, constructed in 1830, boasting over 15,619 square feet of adaptable space situated on a substantial 35,127 square foot lot. Massachusetts Historical Commission approval is already secured for the conversion of the existing structure into 13 residential units, with plans also available for an additional 22 residential units across two new buildings. This prime location offers proximity to the soon-to-open MBTA Commuter Rail Station (March opening), enhancing accessibility to Boston. The property's strategic placement near historic downtown New Bedford, the working waterfront, and wind energy facilities further underscores its investment potential. This is an unparalleled opportunity for developers to complete this project, creating highly desirable residential units within a thriving and rapidly developing urban environment. The asking price is $2,500,000. The property is zoned for commercial and multifamily use.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,160,000
- ML approach
- $2,135,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,843,000
- AI Estimate
- $1,254,000
Market price range: $1.26M - $2.94MMarket price range: $929k - $2.16M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,360,000 Current use
- AUTO REPAIR, GARAGE
- $2,385,000 Change: +1% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,250,000 Change: -5% Conversion: Difficult
- RESTAURANT
- $2,245,000 Change: -5% Conversion: Difficult
- RETAIL STORES
- $2,205,000 Change: -7% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,950,000 Change: -17% Conversion: Difficult
- OFFICE BUILDING
- $1,935,000 Change: -18% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,915,000 Change: -19% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Bedford
- County
- Bristol
- State
- Massachusetts
- Longitude
- -70.9287
- Latitude
- 41.6429
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,827
$276,600
$959,000
$1,235,600
-
$0.00
$0.00
$0.00
