147 8th Street

New Bedford, MA 02740

$1,300,000
Price
17
Beds
5,729 Sq. Ft.
$227 / Sq. Ft.
5,729
Sq. Ft.
$227
per Sq. Ft.

Description

Fantastic Investment Opportunity! Cash cow! $193,000 annual income! Exceptional investment opportunity with a diverse range of possibilities for usage of this property. Currently operating as a licensed 17 unit rooming house in close proximity to the train station, downtown amenities, shopping, medical, highway, schools & much more! This gorgeous property features 7 1/2 bathrooms, 2, 1-br apartments, 9 full kitchen, (2) coin-op laundry services in basement/Coke machine (as is condition). Brand new...Fantastic Investment Opportunity! Cash cow! $193,000 annual income! Exceptional investment opportunity with a diverse range of possibilities for usage of this property. Currently operating as a licensed 17 unit rooming house in close proximity to the train station, downtown amenities, shopping, medical, highway, schools & much more! This gorgeous property features 7 1/2 bathrooms, 2, 1-br apartments, 9 full kitchen, (2) coin-op laundry services in basement/Coke machine (as is condition). Brand new sprinkler system, new fire escape, a new 200 amp electric service, roof approx 11 years old, newer heating systems and hot water tanks. Solid/steady rental history - fully occupied as of July 2024 (weekly and monthly incomes). Expense data/rent roll are available upon request. Serious buyers only. Seller anticipates completing a 1031 Tax Exchange of relinquished property. Prospective buyers should consult with their lender(s) prior to making an appointment.
  1. Listed by Janice Hathaway • Venture

Property Details for 147 8th Street

Town
New Bedford
MLS Area
Center
Area
MA-New Bedford-Center, MA-New Bedford
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 01/11/2025 10:50 PM

Property Details for 147 8th Street

StatusActive
MLS #73269285
Days on Market132
Taxes$6,119 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - Rooming House
Year Built1870
CountyBristol County

Building Information for 147 8th Street

Stories3Residences17Year Built1870Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 147 8th Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Marina, Private School, Public School
  • Living Area: 5729.0
  • Color: Blue
  • SqFt with Basement: No
  • Total Units: 17
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Microwave, Refrigerator
  • Basement Features: Full, Interior Access, Concrete Floor
  • Num of Baths: 8.0
  • Num of Full Baths: 7
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 7.50
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Varies
  • Laundry Features: Washer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Fenced Yard, Porch
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Cleared, Gentle Sloping
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: Washer Hookup
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Disclosures: 2005 EPA CLEANUP OF U/G OIL TANKK SPILL - TANKS WERE REMOVED AND SITE CLEANED AND TESTED 2 X A YEAR BY CORECO ENGINEERING. REFER TO DEP WEBSITE FOR FURTHER INFORMATION.
Tax Information
  • Tax ID: M:0052 L:0175,2891891
  • Assessments: $509,900
  • Book: 3321
  • Lot: 175
  • Map: 52
  • Tax Year: 2024
  • Zoning: MUB
Building / Association Information
Living Characteristics
  • Beds Total: 17
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Granite
  • Heat Units: 2
Income / Expenses
  • GOI: $193,000.00
  • GRE: $46,000
  • NOI: $142,000.00
  • Operating Expense: $46,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $1,740.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1

Property History for 147 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 147 8th Street

Taxable ValueLand$100,600Additions$409,300Total$509,900
Tax Record2024$6,119 ($510 / month)
Home Facts
Baths7.5Total Finished SqFt5,452 SqFtAbove Grade Finished SqFt5,452 SqFtUnfinished Basement SqFt2,310 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1870ZoningMUBCountyBRISTOLAPNNEWB M:0052 L:0175Fireplace TypeHas Fireplace

Schools near 147 8th Street

This home is within New Bedford School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Sgt Wm H Carney Academy
PublicPK to 5

Keith Middle School
Public6 to 8

New Bedford High School
Public9 to 12

Whaling City Junior/Senior High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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147 8th Street is a multi-family home for sale in New Bedford, MA 02740. This property was listed for sale on July 25, 2024 by Venture, it's currently listed at $1,300,000. This listing's school district is New Bedford School District. Nearby schools include Sgt Wm H Carney Academy, Keith Middle School and New Bedford High School. 147 8th Street is a 17-bed, 7.5-bath, 5,729 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Venture, Janice Hathaway

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.