Active
3 Days on market
515 Rivet St New Bedford — Photo 1 of 21

515 Rivet St New Bedford — Photo 1 of 21

$599,900

515 Rivet St, New Bedford, MA 02740

New Bedford, MA 02740

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$270/sqft
Local Avg (New Bedford)$227/sqft
19% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within New Bedford, MA.

Property Details

Financials

Original Price$599,900
Annual Taxes$4,804.86

Parking

Garage4
Off-Street7

Interior Specifications

Total Rooms10
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRC

Property & Lot

Acres0.1
SqFt Lot4,260
Lot Features--

Geography

Population

46,281

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$55K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

60.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,079 housing units permitted in the last 12 months (+41% vs the prior 12 months) — 501 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Jermaine A. Hurley

Listing Office: Cameron Real Estate Group

MLS® Number: 73579144

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