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 (1/17) AND SUNDAY (1/18) FROM 12-2 PM.
- Basement:
- Unfinished
- Parking:
- Off Street
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Good credit and references required.
- Electric Feature:
- Individually Metered
- Garage Parking
- 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:
- 7
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $283
- Zoning:
- MUB
- No Units:
- 6
- Orig Price:
- $724,995
- Fireplaces:
- 1
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- New Bedford
- State:
- MA
- County:
- Bristol
- Postal Code:
- 02740
- Longitude:
- W71° 4' 24.4''
- Latitude:
- N41° 37' 55''
Residential Income
393 Pleasant St, New Bedford, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $724,995
- Bedrooms :
- 6
- Rooms :
- 15
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 2,558 Sqft
- Year Built :
- 1890
- Lot Area :
- 0.05 Acre
- Listing ID :
- 73465645
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
