32 Franklin Street New Bedford — Photo 1 of 22
Recent Drop: $50,000
$459,000
Investment Analysis — 32 Franklin Street
New Bedford, MA 02740
Based on rent reported on the MLS listing, a 3-unit multi-family in 02740 carries $4,500/mo in gross rent — about a 7.80% cap rate and $35,791/yr in estimated NOI at the $459,000 list price. Adjust every assumption in the calculator below.
Beds
11
Baths
4
SqFt
2,234
Style
3 Family
Built
1912
OPEN HOUSE THIS SUNDAY, SEPTEMBER 13THF FROM 10AM-11AM. PRICE JUST REDUCED AGAIN.....MOTIVATED SELLER! OPPORTUNITY KNOCKS: HANDYMAN & INVESTORS....PRICED TO SELL QUICKLY! This 3 FAMILY, with 4 floors of living space is located just minutes to the New Bedford-Boston Commuter Train. Featuring a TOTAL of 11 Bedrooms, 4 Full baths, 2900 sq. feet of living space, roof shingles 6 years, vinyl siding 6 years & a fully fenced in back yard. Appliances: stove & refrigerator for all 3 units. All tenants are Tenants At Will with no signed lease, each floor pays $1500 rent per month. Unit 1: 3 bedrooms, hardwood floors, 1 full bath. Unit 2: 6 bedrooms, 2 full baths. Unit 3 Basement: Finished basement with 2 bedrooms, 1 full bath. Great opportunity to expand your portfolio here!
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 MLS and other third-party data may be inaccurate or out of date.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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$459,000
Was $480,000
Sep 10, 2026
MLS® 73568118
$480,000
Was $509,000
Sep 2, 2026
MLS® 73568118
$509,000
Aug 25, 2026
MLS® 73568118
Listing Agent: Jane Kalife Paul
Listing Office: Conway - Mattapoisett
MLS® Number: 73568118