515 Rivet St New Bedford — Photo 1 of 21
$599,900
Investment Analysis — 515 Rivet St
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-unit multi-family in 02740 carries an estimated $3,520/mo in gross rent — about a 4.55% cap rate and $27,297/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,218
Style
2 Family - 2 Units Up/Down
Built
1893
First showings Saturday, September 19th after 11:00 AM!Beautifully renovated two-family property featuring four-car garage parking and spacious remodeled apartments. Both the first- and second-floor apartments offer three bedrooms, along with a versatile third-floor cottage area that provides additional space for storage, an office, or the potential to be converted into extra living space.Both apartments feature brand-new kitchens with white soft-close shaker cabinets, granite countertops, and stainless steel appliances. The bathrooms have been completely renovated with all-new fixtures, while new vinyl flooring runs throughout both units. Fresh modern gray paint and new lighting fixtures throughout the apartments and common hallways give the property a clean, contemporary feel.The four-car garage provides an excellent opportunity for additional storage or potential rental income.Property will be delivered vacant, offering flexibility for an owner-occupant or investor.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Jermaine A. Hurley
Listing Office: Cameron Real Estate Group
MLS® Number: 73579144
