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414-430 Rivet St, New Bedford, MA

New Bedford · MA 02740

$825,000
Price
14
Beds
5.5
Baths
15345
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1921
Units: 9 Units
Lot size: 9,853 Sq.Ft Lot
Price per square foot: $62 / Sq.Ft
Parking: 4 Off Street Spaces

About this home

Significant Price Improvement: Presenting this architecturally significant landmark in the City of New Bedford: This historic gem, known as The Thomas Building, is believed to have been constructed in 1921. Originally housing a beloved department store, it has long served as an anchor to Goulart Square and the vibrant South End community. Comprising of five storefront units, including a spacious 2500+ sqft area most recently utilized as a restaurant, this property offers diverse commercial potential. Additionally, the second and third floors boast four residential units, two four bedrooms and two three bedrooms, providing a perfect blend of work and living spaces. Situated in a neighborhood sharing the city's exciting and exponential growth, the Thomas Building is a rare property and a truly coveted investment opportunity.

Neighborhood & Transit

South

414-430 Rivet 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:
1224 days
Listing Price:
$950,000
Price per Sq.Ft:
$62
Tax Assessment:
$892,600 in 2024
Taxes:
$904 / Monthly

Home Facts

Interior Features

Bedrooms
14
Full Bathrooms
4
Half Bathrooms
3
Living Area
15,345 Sq.Ft
Broker Disclosure about Living Area
Property consists of additional 6,843 sqft of commercial space & 8502 of residential space.
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
15345
Flooring
Unknown
Lead paint
Certified Treated, Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
9,853 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
4 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
The Mathew J. Arruda Group
Listing office
Compass
MLS PIN #
73130620
Disclosure
Second and third floor residential units on the western wing of the building were in the process of renovation. Currently incomplete and being sold as is. Subject to seller finding suitable housing.
Disclosure
Property consists of additional 6,843 sqft of commercial space & 8502 of residential space.