279 Caroline St New Bedford — Photo 1 of 27
$489,900
Investment Analysis — 279 Caroline 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 2.54% cap rate and $12,420/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,027
Style
Single Family
Built
1969
Welcome to 279 Caroline Street! This newly renovated 3-bedroom Ranch features a bright, open layout with updates throughout. The kitchen has been completely updated with shaker-style cabinets, quartz countertops, under-cabinet lighting, and a center island for additional prep space and seating. The open design connects the kitchen and living area and makes great use of the space. The updates go well beyond the finishes, with new vinyl replacement windows, new doors, a brand-new heating system, and new water heater. Downstairs, the basement offers high ceilings and plenty of potential for future expansion, whether you're looking for additional living space, a home office, gym, rec room, or extra storage. Modern finishes, major mechanical updates, and room to grow make this home truly move-in ready.
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: 514 sq ft (the lesser of 900 sq ft or half the 1,027 sq ft principal dwelling). Lot size: 5,558 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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Jacob Almeida
Listing Office: Century 21 Signature Properties
MLS® Number: 73573715
