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4 Days on market
309 Cottage St New Bedford — Photo 1 of 18

309 Cottage St New Bedford — Photo 1 of 18

$370,000

Investment Analysis — 309 Cottage St

New Bedford, MA 02740 — West

Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-unit multi-family in 02740 carries an estimated $2,940/mo in gross rent — about a 6.19% cap rate and $22,890/yr in estimated NOI at the $370,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,234

Style

Multi Family

Built

1873

Located on a fenced-in corner lot, 309 Cottage Street presents a high-utility opportunity for portfolio investors and owner-occupants seeking a value-add entry into the New Bedford market. This two-family residence is being delivered completely vacant, offering a clean slate for immediate modernization. It’s the perfect canvas for those looking to bring their vision to a property with significant upside potential. Each unit features a consistent two-bedroom layout designed for functional living. The first-floor apartment offers a distinct lifestyle advantage with a private deck that leads directly to the backyard, while the exterior is wrapped in low-maintenance vinyl siding to help streamline future upkeep. While the interior is ready for a full aesthetic refresh, the bones of this home provide a solid foundation for a custom renovation that could maximize both equity and rental yields. By leveraging the area’s strong rental demand through targeted updates, you can maximize your equity and secure a robust long-term asset.

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$370,000
Annual Taxes$3,923

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms8
FireplacesNone
FlooringCarpet, Varies, Laminate, Hardwood
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingCentral, Unit Control, Space Heater
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite
ZoningRC

Property & Lot

Acres0.07
SqFt Lot2,997
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: The Mathew J. Arruda Group

Listing Office: Compass

MLS® Number: 73572830