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Off market
  • $885,900

    259-265 Rivet St, New Bedford, MA 02744

    12beds
    7,379sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $885,900 Zestimate®
    $120/sqft
    $1,384 Estimated rent

    Home value

    $885,900

    $788,000 - $983,000

    $1,384/mo

    Zestimate® history
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    Owner options

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    $1,384/mo

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    $1,384/mo

    Rent Zestimate®

    Refinance and save

    $5,586/mo

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    $5,586/mo

    Est. payment

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    What's special

    **ATTENTION INVESTORS** Come check out this incredible 8 Unit CASH COW investment opportunity in the South End of New Bedford! At full occupancy, this building will bring in approximately $84,000 a year! It consists of 2 storefronts and 6-2 bedroom apartments, all in great shape. Property is on a corner lot and has fenced in off street parking behind the building. Exterior siding and roof in good shape. Tenants all pay separate utilities. Each apartment has its own breaker panel in the unit. For heating systems, building has 8 hot water boilers in the basement. This would be a turn key operation for any investor. First showings will begin on Saturday, August 29 at 11am. We will be doing group tours. Call, text, or email list agent if you would like to attend and we will put you on the list.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 8
    • Full bathrooms: 6
    • 1/2 bathrooms: 2
    Heating
    • Baseboard, Gas
    Appliances
    • Included: Refrigerator
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 7,379 sqft

    Property

    Parking
    • Total spaces: 6
    Features
    • Exterior features: Other
    Lot
    • Size: 3,484 Square Feet
    Details
    • Parcel number: NEWBM0030L0285

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1900

    Community & HOA

    Location
    • Region: New Bedford

    Financial & listing details

    • Price per square foot: $120/sqft
    • Tax assessed value: $645,100

    Price history

    DateEventPrice
    12/15/2020Sold$530,000+6%$72/sqft
    Source: Public Record Report a problem
    9/3/2020Listing removed$499,900$68/sqft
    Source: RE/MAX Vantage #72713592 Report a problem
    8/21/2020Listed for sale$499,900+399.9%$68/sqft
    Source: RE/MAX Vantage #72713592 Report a problem
    11/18/1998Sold$100,000$14/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $645,100 +17.1%
    2024-- $550,900 +10.4%
    2023-- $499,100 +17.4%
    2022-- $425,000 +24.9%
    2021-- $340,200 +2%
    2020-- $333,400 -2.7%
    2019-- $342,700 +4.1%
    2018-- $329,300 +0.6%
    2017-- $327,400 +9.5%
    2016-- $299,100
    2015-- $299,100 -13.7%
    2011-- $346,400 -2.6%
    2010-- $355,700 -0.5%
    2009-- $357,600
    2008-- $357,600
    2007-- $357,600 +12.5%
    2006-- $317,800 +20.7%
    2005-- $263,200 +14.7%
    2004-- $229,400 +33.6%
    2003$2,517 $171,700 +2.6%
    2002-- $167,400 +16.2%
    2000-- $144,100 -4.1%
    1996-- $150,200
    Find assessor info on the county website

    Neighborhood: 02744

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $885,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $885,900