Fantastic 8-Family in Prime New Bedford Location – Strong Cash Flow with Immediate Upside! This well-maintained property is a rare find for investors seeking a stabilized, income-producing asset in one of New Bedford’s most desirable rental markets. Featuring six 1-bedroom units and two studios, the property is currently generating $8,500/month with one unit delivered vacant, providing a clear path to over $11,000/month once fully stabilized. Many units have already been renovated, and recent property improvements include a newer roof and separately metered gas and electric, keeping operating costs low. Additional income potential exists through off-street parking and a detached garage. Located close to downtown, public transportation, and major highways, this property offers a strong in-place return with long-term growth potential. OPEN HOUSE: SATURDAY (8/23) AND SUNDAY (8/24) FROM 12-2 PM.
- Basement:
- Unfinished
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- and all information contained herein. Some photos virtually staged.
- Electric Feature:
- Individually Metered
- Garage Parking:
- 4
- Interior Features:
- Kitchen, Living Room
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Market Time:
- 17
- Parking Spaces:
- 8
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $274
- Zoning:
- RA
- No Units:
- 8
- Orig Price:
- $947,900
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- New Bedford
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02740
- Longitude:
- W71° 4' 21.4''
- Latitude:
- N41° 37' 51.9''
Residential Income
37 S 6th St, New Bedford, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $947,900
- Bedrooms :
- 6
- Rooms :
- 18
- Total Bathrooms :
- 9
- Full Bathrooms :
- 9
- Square Footage :
- 7,015 Sqft
- Year Built :
- 1834
- Lot Area :
- 0.29 Acre
- Listing ID :
- 73419187
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
