Homes for sale - 393 Pleasant St, New Bedford, MA 02740

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HomeSmart Professionals Real Estate

broker@therhodehome.com +1(401) 921-5011

$ 724,995

Est. payment | -/mo

6 Beds

6 Baths

2,558 SqFt

Save

$ 724,995

Est. payment | -/mo

Save

6 Beds

6 Baths

2,558 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,558 sqft

Price per Sqft $283

MLS Listing ID 73465645

Bedrooms 6

Full Baths 6

Year Built 1890

Annual Tax Amount $5,862

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

Turnkey 6-Unit Multifamily with Strong Cash Flow & Clear Upside. 393 Pleasant Street presents a rare opportunity to acquire a well-maintained 6-unit multifamily in the heart of New Bedford's growing rental market. The property consists of 5 1-bedroom / 1-bath units, and a studio, offering in-place cash flow with upside through lease-up and rent optimization. The building currently produces approximately $66,228 in annual gross rent due to one vacant unit, while market rents support approximately $99,600 annually, allowing investors to increase income through a rent-to-market strategy. Projected NOI based on market rents is $76,631, providing attractive yield and long-term appreciation. The property features a consistent unit mix, solid layout, and updated exterior elements, making it efficient to manage and scale. Ideal for investors seeking predictable cash flow with value-add potential. Please reach out to set up showings

Location

State MA

County Bristol

Zoning MUB

Direction Please use GPS.

Rooms

Basement Unfinished

Interior

Interior Features Living Room, Kitchen

Flooring Wood

Fireplaces Number 1

Appliance Range, Refrigerator

Exterior

Fence Fenced/Enclosed

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station, University

Roof Type Other

Garage No

Building

Lot Description Level, Other

Story 4

Foundation Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by eXp Realty

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

8

James B Congdon

Public | KG - 5
7

William H Taylor

Public | KG - 5
6

Joseph Demello

Public | 1 - 5
6

Alma del Mar Charter School

Public | KG - 4
5

James M. Quinn School

Public | KG - 5
5

Thomas R Rodman

Public | PK - 5
5

Betsey B Winslow

Public | KG - 5
4

Elizabeth Carter Brooks

Public | PK - 5
4

Carlos Pacheco

Public | PK - 5
4

Abraham Lincoln

Public | KG - 5
4

Global Learning Charter Public School

Public | 5 - 12
3

Ellen R Hathaway

Public | KG - 5
3

Charles S Ashley

Public | KG - 5
3

Sgt Wm H Carney Academy

Public | PK - 5
2

Hayden/Mcfadden

Public | PK - 5
2

Alfred J Gomes

Public | PK - 5
1

John Avery Parker

Public | PK - 5
1

John B Devalles

Public | KG - 5
1

Renaissance Community School for the Arts

Public | PK - 2
1

John Hannigan

Public | 1 - 5

Middle Schools 6

4

Dartmouth Middle School

Public | 6 - 8
4

Hastings Middle School

Public | 6 - 8
2

Roosevelt Middle School

Public | 6 - 8
1

Keith Middle School

Public | 6 - 8
1

Trinity Day Academy

Public | 6 - 12
1

Whaling City Junior/Senior High School

Public | 6 - 12

High Schools 3

6

Fairhaven High School

Public | 9 - 12
2

New Bedford High School

Public | 9 - 12
0

Bishop Stang High School

Private | 9 - 12

School and business data provided by Attom Data.

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+1(401) 921-5011

broker@therhodehome.com

100 Quaker Lane, Warwick, RI, 02886

393 Pleasant St New Bedford, MA 02740