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518 Cottage St, New Bedford, MA, 02740

5beds
3baths
2,160sqft
$550,000
$255price/sqft
$4,040/moest. monthly cost
$161,600/yrincome needed

About This Home

Fully Rented 3-Family Investment Opportunity in New Bedford. New Bedford investors take notice. This fully rented 5-bedroom, three-family property is generating income from day one and offers a strong opportunity to add a cash-flowing asset to your portfolio. Conveniently located near the commuter rail to Boston, major highways, schools, shopping, and local amenities, this property combines location, stability, and low-maintenance ownership. With all units occupied, this is an ideal opportunity for investors seeking immediate rental income and turnkey operation. Whether you’re expanding your portfolio or entering the multifamily market, this income-producing property is worth a look.Property being sold “As Is.”

Getting Around

65
WalkingSomewhat Walkable
41
TransitSome Transit
52
BikeBikeable

Schools

3/10
Keith Middle SchoolGrades 6-80.8 mi
1/10
New Bedford High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1892

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Stone

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Finished area above ground: 2,160

Interior Area

  • Total structure area: 2,160
  • Total interior livable area: 2,160 sqft

Property

Details

  • Parcel number: M:0071 L:0307,2895073
  • Zoning: RB

Features

  • Patio & porch: Porch
  • Fencing: Fenced

Lot

  • Lot size: 3,202 sqft
  • Features: Level

Parking

  • Parking features: Open
  • Has uncovered spaces: Yes