278 Palmer St New Bedford — Photo 1 of 37
$369,000
Investment Analysis — 278 Palmer St
New Bedford, MA 02740 — West End
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 4-bedroom in 02740 carries an estimated $2,200/mo in gross rent — about a 4.26% cap rate and $15,724/yr in estimated NOI at the $369,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,550
Style
Single Family
Built
1893
Buyers Lending may Fall through!!! MOTIVATED SELLERS!! Welcome to New Bedfords lovely West End This Lovely 4 bedroom 1 bath Home is perfect for the Large Family and entertaining its generous driveway, Swimming pool and 2 car garage. EV vehicle Hook up wired in. ideally located in New Bedford’s desirable West End. This home offers a perfect blend of convenience and lifestyle Students/Professionals/History and Nature lovers are just steps from Buttonwood Park and Zoo, minutes from the city’s historic downtown, and a short drive to sandy beaches. Commuters will appreciate quick access to the new MBTA South Coast Rail station with direct service to Boston, while nearby shops, restaurants, and medical facilities keep daily needs close at hand. Location Highlights: • Buttonwood Park & Zoo 0.3 miles / 5 min walk • St. Luke’s Hospital – ~1.0 mile / 5 min drive or 20 min walk • Downtown New Bedford & Waterfront 2.5 miles / 8–10 min drive • East Beach 3.5 Close to Elementary, Middle, High Schools
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: 775 sq ft (the lesser of 900 sq ft or half the 1,550 sq ft principal dwelling).
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
Electric Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • House of Worship
Geography
Property History
$369,000
Was $359,000
Sep 12, 2026
MLS® 73525663
$359,000
Was $379,900
Jul 1, 2026
MLS® 73525663
$379,900
Was $384,000
Jun 25, 2026
MLS® 73525663
$384,000
Was $384,900
Jun 20, 2026
MLS® 73525663
$384,900
Was $389,000
Jun 16, 2026
MLS® 73525663
$389,000
May 28, 2026
MLS® 73525663
$130,000
Apr 15, 2011
MLS® 71149269
$149,000
Oct 11, 2010
MLS® 71149269
Listing Agent: Brian Tregoning
Listing Office: StartPoint Realty
MLS® Number: 73525663