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    Property profile & analytics

    242 Walnut St New Bedford, MA 02740-7902

    • Residential income homes
    • 4,325 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $525,000
    Last Sale
    Mar 09, 2023
    $475,000
    Location Intelligence
    Property ID
    US38-1839113
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 242 Walnut St

    Year built
    1877
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    4,325 SF
    Zone code
    RA
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    NEWB M:0046 L:0133
    APU
    NEWBM0046L0133

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $520,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $565,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $585,000
      Mixed-Use
      $565,000
      Hospitality
      $505,000
      Educational
      $495,000
      Residential Income
      $470,000
      Energy
      $490,000
      Income-Based Land
      $570,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.9277
    Latitude
    41.6314
    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
    $5,575
    $82,100
    $382,500
    $464,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $140,000
      3,214 SF

      434 Cottage St

      BOARDING/ROOMING HOUSE • 3,214 SF
      434 Cottage St, New Bedford, MA 02740-5379
      View Details
    • Value Estimation
      $600,000
      2,359 SF

      39 Sycamore St

      BOARDING/ROOMING HOUSE • 2,359 SF
      39 Sycamore St, New Bedford, MA 02740-6535
      View Details
    • Value Estimation
      $275,000
      3,062 SF

      1050 Pleasant St

      BOARDING/ROOMING HOUSE • 3,062 SF
      1050 Pleasant St, New Bedford, MA 02740-6626
      View Details
    • Value Estimation
      $300,000
      5,721 SF

      499 Purchase St

      BOARDING/ROOMING HOUSE • 5,721 SF
      499 Purchase St, New Bedford, MA 02740-4907
      View Details
    • Value Estimation
      $820,000
      15,348 SF

      414 Rivet St, Unit 430

      BOARDING/ROOMING HOUSE • 15,348 SF
      414 Rivet St, New Bedford, MA 02740-2045
      View Details
    • Value Estimation
      $335,000
      3,580 SF

      550 County St

      BOARDING/ROOMING HOUSE • 3,580 SF
      550 County St, New Bedford, MA 02740-6502
      View Details

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    242 Walnut St
    New Bedford, MA 02740-7902
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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
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