
563 Union St New Bedford — Photo 1 of 22
$480,000
Investment Analysis — 563 Union St
New Bedford, MA 02740
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 3.31% cap rate and $15,869/yr in estimated NOI at the $480,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,510
Style
Single Family
Built
1910
Pictures don't do this view justice—you have to step out onto the deck to appreciate it. Experience the elevated park views and light-filled rooms in person this week. Private tours available daily by appointment This 4 Bedroom Home with off street parking where classic charm meets modern convenience. Spacious living areas filled with natural light, perfect for cozy evenings & entertaining. The entrance brings you to an open foyer that leads to generous living areas that you can entertain guests in the living room, formal dining room, which exudes warmth and character and then a well-appointed kitchen which boasts modern appliances and ample storage with a walk in pantry, making it a chef’s dream and the heart of your home. With a floor plan design that you are looking for brings you upstairs to a 2nd level with 3/4 bedrooms & full bath all with Hardwood floors! For those who work from home you will get the added bonus room that may not reflect the square footage.Love the location, but worried about current interest rates? Ask us how the seller's rate incentive can lower your monthly payment below typical market rates for this neighborhood. and explore payment options
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: 755 sq ft (the lesser of 900 sq ft or half the 1,510 sq ft principal dwelling). Lot size: 3,820 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood
Dining Room
Lvl FirstFlooring - Wood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Remodeled, Storage, Decorative Molding
Office
Lvl SecondMaster Bedroom
Lvl SecondFlooring - Wood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wood
Bedroom 4
Lvl ThirdFlooring - Vinyl
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Property History
$480,000
Aug 26, 2026
MLS® 73568516
$1,425
Apr 1, 2007
MLS® 70490812
$1,425
Nov 16, 2006
MLS® 70490812
Listing Agent: Peter Costa
Listing Office: Spencer Home Realty
MLS® Number: 73568516
