194-194 Riverside Ave #R, New Bedford, MA, 02746
About This Home
Presenting an exceptional opportunity to convert this industrial building into multi-family property located at 194-R Riverside Ave, New Bedford, MA. Constructed in 1925, this expansive residence offers a substantial 26,910 square feet of protentional living area, providing significant space for diverse residential configurations or strategic investment. Spanning two stories, the property is situated on a generous 126,759 square foot lot, offering considerable outdoor space and development opportunities. This distinguished property represents a compelling opportunity for discerning buyers seeking a significant multi-family asset in New Bedford. See attached due diligence progress. This property is located along the city's future Riverwalk Development initiative.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Granite,Slab
- Roof: Rubber
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: 5-9 Family
Interior
Features
- Finished area above ground: 26,910
Interior Area
- Total structure area: 26,910
- Total interior livable area: 26,910 sqft
Property
Details
- Parcel number: M:0105 L:0183,2900208
- Zoning: (IB)
Features
- Has view: Yes
- View description: Water,Public Water View
- Has water view: Yes
- Water view: Public,Water
- On waterfront: Yes
- Waterfront features: Waterfront,River
Lot
- Lot size: 2.91 Acres
- Features: Easements
Parking
- Total spaces: 60
- Parking features: Off Street
- Uncovered spaces: 60
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,090 | $97,080 |
| Home Insurance * | $1,164 | $13,968 |
| Property Taxes | $1,373 | $16,476 |
| Electricity | $5,306 | $63,677 |
| Total | $15,933 | $191,196 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-14 | Listed for sale | $1,600,000 |
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