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    51 County St New Bedford, MA 02744
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    Property profile & analytics

    51 County St New Bedford, MA 02744

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    • Small apartment buildings
    • 4,500 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US38-0846818
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 51 County St

    Lot size
    0.06 lot acres
    Property size
    4,500 SF
    Property type
    Small apartment buildings

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

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

    Comparable in this City

    • $1,800,000

      Income-Producing Mixed-Use Property

      Well-maintained, fully leased property with diversified income streams in New Bedford.
      114-116 County St, New Bedford, MA 02744
      View Details
    • $630,000
      Pending

      New Bedford Triplex Opportunity

      Well-maintained triplex with detached garage in convenient New Bedford location.
      9 Stapleton St, New Bedford, MA 02744
      View Details
    • Contact for pricing
      Pending

      Renovated Three-Family with Parking

      Three-family property featuring renovated units and off-street parking.
      9 Cleveland St, New Bedford, MA 02744
      View Details
    • New
      $699,900
      3,378 SF

      Well-Maintained Three-Family Property

      Three-family property with strong rental potential in New Bedford.
      55 Salisbury St, New Bedford, MA 02744
      View Details
    • New
      $574,900
      1,812 SF

      Renovated Two-Family with Cottage Potential

      Completely renovated two-family with possible cottage-style setup in New Bedford.
      150 Blackmer St, New Bedford, MA 02744
      View Details
    • Contact for pricing
      2,417 SF

      Rare Multifamily Investment Opportunity

      Three-unit multifamily property with value-add potential near the Cove.
      9 Abbott St, New Bedford, MA 02744
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Income-Producing Mixed-Use Property

      Well-maintained, fully leased property with diversified income streams in New Bedford.
      114-116 County St, New Bedford, MA 02744
      View Details
    • $630,000
      Pending

      New Bedford Triplex Opportunity

      Well-maintained triplex with detached garage in convenient New Bedford location.
      9 Stapleton St, New Bedford, MA 02744
      View Details
    • Contact for pricing
      Pending

      Renovated Three-Family with Parking

      Three-family property featuring renovated units and off-street parking.
      9 Cleveland St, New Bedford, MA 02744
      View Details
    • New
      $699,900
      3,378 SF

      Well-Maintained Three-Family Property

      Three-family property with strong rental potential in New Bedford.
      55 Salisbury St, New Bedford, MA 02744
      View Details
    • Contact for pricing
      2,417 SF

      Rare Multifamily Investment Opportunity

      Three-unit multifamily property with value-add potential near the Cove.
      9 Abbott St, New Bedford, MA 02744
      View Details
    • Contact for pricing
      Pending

      Vacant Three-Family Property

      Three-family property with updated units and recent improvements.
      27 Nelson St, New Bedford, MA 02744
      View Details
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    New Bedford, MA 02744
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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