118 Parker St New Bedford — Photo 1 of 23
Recent Drop: $7,400
$382,500
Investment Analysis — 118 Parker St
New Bedford, MA 02740 — West
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 4-bedroom in 02740 carries an estimated $2,200/mo in gross rent — about a 4.23% cap rate and $16,161/yr in estimated NOI at the $382,500 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,467
Style
Single Family
Built
1925
Price Adjustment: Welcome to 118 Parker Street, a spacious and practical home in New Bedford that’s ready for you to move right in. This house offers plenty of space with four bedrooms and two full bathrooms, providing a comfortable layout for everyone. The kitchen is designed for convenience and includes a laundry hookup, making chores a breeze. Outside, you’ll find a great fenced-in yard that’s perfect for relaxing or enjoying some fresh air in your own private space. One of the best features of this home is the large walk-up attic. It includes an extra room that could easily be used as a home office, a hobby space, or just extra storage. This location is also close to all area amenities and highway access. If you’re looking for a solid home with room to grow, this is a must see.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 734 sq ft (the lesser of 900 sq ft or half the 1,467 sq ft principal dwelling). Lot size: 2,940 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Vinyl, Lighting - Overhead
Dining Room
Lvl Main,FirstFlooring - Vinyl, Lighting - Overhead
Kitchen
Lvl Main,FirstCloset, Flooring - Vinyl, Dining Area, Dryer Hookup - Electric, Exterior Access, Stainless Steel Appliances, Lighting - Overhead
Master Bedroom
Lvl SecondCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 4
Lvl SecondCloset, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Lighting - Overhead
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Shower Stall, Lighting - Overhead
Property History
$382,500
Was $389,900
Sep 8, 2026
MLS® 73567581
$389,900
Aug 24, 2026
MLS® 73567581
Listing Agent: The Mathew J. Arruda Group
Listing Office: Compass
MLS® Number: 73567581
