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Jennifer McQuarrie

jennifer.mcquarrie@engelvoelkers.com +1(978) 432-9488

$ 724,995

Est. payment -/mo

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Open Sat 12PM-2PM

393 Pleasant St New Bedford, MA 02740

6 Beds

6 Baths

2,558 SqFt

Open House

Sat Jan 10, 12:00pm - 2:00pm

Sun Jan 11, 12:00pm - 2:00pm

UPDATED:

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 six 1-bedroom / 1-bath units, 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. OPEN HOUSE SCHEDULED FOR SATURDAY (1/10) AND SUNDAY (1/11) FROM 12-2 PM.

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

Jennifer McQuarrie

Advisor | License ID: 9550485

+1(978) 432-9488

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