Off Market
393 Pleasant St, New Bedford, MA
New Bedford · MA 02740
- $724,995
- Price
- 6
- Beds
- 6
- Baths
- 2558
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1890
Units:
6 Units
Lot size:
2,191 Sq.Ft Lot
Price per square foot:
$283 / Sq.Ft
Parking:
No Parking
About this home
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
Neighborhood & Transit
393 Pleasant St, New Bedford · MA 02740
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 302 days
- Listing Price:
- $724,995
- Price per Sq.Ft:
- $283
- Tax Assessment:
- $518,300 in 2025
- Taxes:
- $489 / Monthly
Home Facts
Interior Features
- Bedrooms
- 6
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 2,558 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4326
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 2,191 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Wood
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Candor Investment Group
- Listing office
- eXp Realty LLC
- MLS PIN #
- 73465645
- Disclosure
- Owners are licensed MA real estate professionals. Buyer/buyer’s agent to perform due diligence. Owner has multiple New Bedford properties and may sell as a package. P&L and rent roll uploaded. Listing agent has an ownership interest
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