98 Parker St New Bedford — Photo 1 of 29
$374,900
Investment Analysis — 98 Parker St
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-bedroom in 02740 carries an estimated $1,760/mo in gross rent — about a 3.29% cap rate and $12,322/yr in estimated NOI at the $374,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,522
Style
Single Family
Built
1881
Welcome to 98 Parker Street in New Bedford! This charming 3-bedroom, 1.5-bath cottage offers the perfect blend of character and modern updates. The beautifully updated kitchen is the heart of the home, featuring stylish finishes and plenty of space for everyday living and entertaining. Hardwood floors and vinyl throughout the home.Step outside to enjoy a spacious backyard, complete with a deck—ideal for summer barbecues, relaxing, or entertaining guests. The above-ground pool is ready for its new owners to enjoy all season long. The roof was replaced in 2020.Conveniently located near local amenities, shopping, schools, and major routes, this home is a fantastic opportunity for first-time buyers. Don't miss your chance to make this wonderful property your new home!
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: 761 sq ft (the lesser of 900 sq ft or half the 1,522 sq ft principal dwelling). Lot size: 7,418 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 MLS and other third-party data may be inaccurate or out of date.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 • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park
Geography
Property History
$374,900
Jul 20, 2026
MLS® 73552431
$105,000
Nov 29, 2010
MLS® 71156972
$105,000
Oct 28, 2010
MLS® 71156972
Listing Agent: Gerald Raposa
Listing Office: Keller Williams South Watuppa
MLS® Number: 73552431
