187 Pitman St. New Bedford — Photo 1 of 35
$629,000
Investment Analysis — 187 Pitman St.
New Bedford, MA 02746
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02746 carries an estimated $1,790/mo in gross rent — about a 2.42% cap rate and $15,210/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,000
Style
Single Family
Built
2026
Welcome home to this beautifully crafted new construction offering a bright, spacious layout and stylish modern finishes throughout. The open concept main living area features beautiful light hardwood floors and a stunning kitchen with white cabinetry, quartz countertops, stainless steel appliances, a quartz waterfall center island, and contemporary lighting. Generously sized living spaces provide plenty of room for everyday living and entertaining. The finished lower level adds even more versatility with a large bonus room and full bath perfect for a home office, recreation room, guest space, or additional living area. Thoughtfully designed baths, modern fixtures, an attached two car garage, and a fresh, clean exterior complete this impressive home. Enjoy the comfort, space, and convenience of brand new construction without the wait!
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: 900 sq ft (the lesser of 900 sq ft or half the 2,000 sq ft principal dwelling). Lot size: 5,035 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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Electric Water Heater • Range • Dishwasher • Microwave • Refrigerator • Plumbed For Ice Maker
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Listing Agent: Brooke Clayton
Listing Office: RE/MAX Vantage
MLS® Number: 73577901
