343 Purchase St New Bedford — Photo 1 of 20
$499,900
Investment Analysis — 343 Purchase St
New Bedford, MA 02740
Based on HUD Small Area Fair Market Rent for New Bedford, MA HUD Metro FMR Area, a 2-unit multi-family in 02740 carries an estimated $3,230/mo in gross rent — about a 4.99% cap rate and $24,940/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,039
Style
2 Family - 2 Units Up/Down
Built
1878
Welcome to 343 Purchase Street, a well-maintained and thoughtfully updated two-family offering flexibility, character, and inviting outdoor space. The second-floor unit features a unique cottage-style layout with additional finished living space in the attic, providing 2–3 bedrooms and plenty of room to spread out. The property has benefited from updates and steady maintenance, along with solar panels serving the second-floor unit.Outside, a secure fenced yard and deck create a private outdoor sanctuary—perfect for relaxing, entertaining, gardening, or enjoying summer evenings at home. With its combination of updates, versatile living space, and pride of ownership, this two-family is an excellent opportunity for an owner-occupant or investor looking for a property that has been very well cared for.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Michelle Gerez
Listing Office: RE/MAX Impact
MLS® Number: 73572453