1015 Forbes St New Bedford — Photo 1 of 12
$599,900
Investment Analysis — 1015 Forbes St
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 1.73% cap rate and $10,369/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,980
Style
Single Family
Built
2004
Price reduction reflects motivation! Raised Ranch offers AC, large yard, vaulted ceilings large family room in lower level, 2 fireplaces, 2 car garage under, property is undergoing a fresh paint throughout! A real beauty, don't miss this one! 2 flat screen TVs to be conveyed with sale! Open floor plan with vaulted ceilings. Lower level features a Family Room, and half bath! Desirable North End location!
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 1,980 sq ft principal dwelling). Lot size: 16,161 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Medical Facility • Laundromat • Highway Access • House of Worship
Geography
Property History
$599,900
Aug 25, 2026
MLS® 73569495
$649,900
Aug 2, 2026
MLS® 73474642
$649,900
Feb 2, 2026
MLS® 73474642
Listing Agent: Kenneth A Mongeon
Listing Office: eXp Realty
MLS® Number: 73569495