257 Austin St New Bedford — Photo 1 of 22
$299,900
Investment Analysis — 257 Austin St
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02740 carries an estimated $1,760/mo in gross rent — about a 4.26% cap rate and $12,766/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,291
Style
Single Family
Built
1887
Welcome to this charming 3-bedroom, 1-bath cottage in New Bedford’s desirable West End! Offering approximately 1,200 square feet of living space, this home combines character with practical living. Enjoy the benefit of solar panels designed to help keep energy costs affordable, along with a fenced outdoor space perfect for gardening, relaxing, or entertaining. With three bedrooms and a functional layout, there’s plenty of room to make this home your own. Conveniently located near neighborhood amenities, shopping, dining, and major routes. A great opportunity to own in New Bedford come see all this cottage has to offer!
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: 646 sq ft (the lesser of 900 sq ft or half the 1,291 sq ft principal dwelling). Lot size: 1,659 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 MLS and other third-party data may be inaccurate or out of date.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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Water Heater • Range • Refrigerator • Washer
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Listing Agent: Courtnee Lemieux
Listing Office: LPT Realty - Home & Key Group
MLS® Number: 73572655
