1359 Purchase St New Bedford — Photo 1 of 17
Recent Drop: $30,000
$340,000
Investment Analysis — 1359 Purchase St
New Bedford, MA 02740
Based on rent reported on the MLS listing, a 2-unit multi-family in 02740 carries $3,000/mo in gross rent — about a 6.77% cap rate and $23,004/yr in estimated NOI at the $340,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
2
SqFt
2,242
Style
Multi Family
Built
1870
PRICE JUST REDUCED AGAIN...MOTIVATED SELLER! PREMIUM LOCATION: Located directly across the street from the new "Boston T" train bridge, & priced below assessed value, this 2 family home features 7 bedrooms & 2 full baths. Roof is 3 years young, home boasts gas heat, & interior access from the 2nd floor to the 3rd floor attic with heat, adding more livable space. Top it off with a full basement & small side yard. Least expensive 2 family in New Bedford on MLS right now.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Medical Facility • Laundromat • Highway Access • House of Worship
Geography
Property History
$340,000
Was $370,000
Sep 10, 2026
MLS® 73571932
$370,000
Sep 4, 2026
MLS® 73571932
$399,900
Aug 27, 2026
MLS® 73532009
$399,900
Jun 8, 2026
MLS® 73532009
Listing Agent: Jane Kalife Paul
Listing Office: Conway - Mattapoisett
MLS® Number: 73571932
