
1190 Pleasant St New Bedford — Photo 1 of 37
$649,900
Investment Analysis — 1190 Pleasant St
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 3-unit multi-family in 02740 carries an estimated $5,280/mo in gross rent — about a 6.61% cap rate and $42,977/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,180
Style
3 Family
Built
1900
VACANT 3-FAMILY IN ACUSHNET HEIGHTS! A fantastic opportunity for investors or owner-occupants looking for a well-maintained, recently updated multi-family property in a desirable location. Being sold completely vacant, this property offers the flexibility to place your own tenants, establish your own rents, or occupy a unit yourself from day one.Featuring three spacious 3-bedroom units and approximately 3,180 square feet of living space, this property offers substantially more space than its exterior may suggest, don’t let the curbside appearance fool you! All three units have been updated within the last couple of years, providing a move-in-ready opportunity with valuable improvements already completed.The first-floor unit has been completely remodeled from top to bottom, offering a fresh, modern feel throughout. The lower-level unit features a brand-new kitchen as well as legal egress improvements, bringing the apartment up to code and adding functionality and value. All three apartments offer spacious bedrooms and comfortable living areas, making them appealing rental options. Outside, the property offers a decent-sized rear yard, providing additional outdoor space for tenants or future occupants to enjoy.Located in Acushnet Heights, the property is conveniently situated near Clasky Common Park, the train station, downtown New Bedford, shopping, restaurants, and major commuter routes. The combination of three 3-bedroom units, recent renovations, generous square footage, and vacant delivery makes this a unique opportunity for an investor looking to add a strong multi-family property to their portfolio or an owner-occupant seeking flexibility and rental potential.
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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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator • Range Hood
Neighborhood
Public Transportation • Park • Laundromat • Highway Access • House of Worship • T-Station
Geography
Property History
$649,900
Sep 9, 2026
MLS® 73574659
$540,000
Jan 31, 2025
MLS® 73265323
$540,000
Jul 16, 2024
MLS® 73265323
Listing Agent: Abigail Macleod
Listing Office: RE/MAX Legacy
MLS® Number: 73574659