
1533 Morton Avenue New Bedford — Photo 1 of 36
$649,000
Investment Analysis — 1533 Morton Avenue
New Bedford, MA 02745
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02745 carries an estimated $1,790/mo in gross rent — about a 1.66% cap rate and $10,758/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,636
Style
Single Family
Built
1952
Lakefront living takes center stage at this New Bedford cottage, where the backyard opens directly to the water and your own dock creates an incredible setting for enjoying life by the lake. Expansive windows and doors bring the water views into the main living space, while the deck extends the experience outdoors with a front-row seat to the shoreline. Inside, the kitchen features stone counters, a large island with seating, stainless steel appliances and a gas range, flowing into a spacious living area anchored by a fireplace. The flexible layout offers three bedrooms, two full baths and a bonus room, including a second-floor primary with a walk-in closet and private bath. A fenced yard, patio, storage shed and detached garage add even more versatility. Whether spending summer days on the water, relaxing on the deck or simply taking in the view, this is a rare opportunity to make waterfront living part of everyday life.
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: 818 sq ft (the lesser of 900 sq ft or half the 1,636 sq ft principal dwelling). Lot size: 7,675 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Conservation Area • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 12
Flooring - Wall to Wall Carpet, Cable Hookup, Exterior Access
Dining Room
Lvl First14 x 8
Flooring - Vinyl, Exterior Access
Kitchen
Lvl First9 x 20
Flooring - Vinyl, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Exterior Access, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl Second19 x 13
Bathroom - Full, Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet, Cable Hookup
Bedroom 2
Lvl Second16 x 8
Bedroom 3
Lvl First9 x 20
Flooring - Wall to Wall Carpet, Cable Hookup
Bathroom 1
Lvl Second8 x 9
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Jacuzzi / Whirlpool Soaking Tub, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl First7 x 8
Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Laminate
Listing Agent: Cheryl Perry
Listing Office: Lamacchia Realty, Inc
MLS® Number: 73577859

