249 Central Ave New Bedford — Photo 1 of 35
$375,700
Investment Analysis — 249 Central Ave
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 3.32% cap rate and $12,488/yr in estimated NOI at the $375,700 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,368
Style
Single Family
Built
1917
Welcome home to 249 Central Ave, New Bedford! This spacious single-family home offers a versatile layout with plenty of room throughout. The first floor features an open floor plan with an oversized living room, dining room, eat-in kitchen, bedroom, and full bathroom. Upstairs, you’ll find two generously sized bedrooms along with a den that provides additional flexible living space. The basement offers even more possibilities with a mini kitchen and bonus space, perfect for entertaining, hobbies, or additional storage. With its spacious rooms and flexible floor plan, this home is ready for its next owner. A must-see!
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: 684 sq ft (the lesser of 900 sq ft or half the 1,368 sq ft principal dwelling). Lot size: 3,999 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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Paula Levasseur
Listing Office: Home Bound Realty
MLS® Number: 73579598
