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Sold for $615,000
  • $615,000

    488-490 S 2nd St, New Bedford, MA 02744

    11beds
    3,630sqft
    Multi Family
    Built in 2024
    -- sqft lot
    $644,800 Zestimate®
    $169/sqft
    $2,029 Estimated rent

    Home value

    $644,800

    $587,000 - $703,000

    $2,029/mo

    Zestimate® history
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    $3,880/mo

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    What's special

    Corner lotOff street parking
    Large 3 Family Home on a corner lot with 11 Bedrooms and 4 full bathrooms. Close to all conveniences that New Bedford has to offer. Perfect for owner occupied or investment opportunity! Available storage area in the basement. Plenty of off street parking. Whether you're expanding your portfolio or stepping into real estate investment for the first time, this property offers style and strong income potential. Walking distance to New Bedford Harbor Walk Path and 5-10 minute drive to Davy's Beach, 0'tools Beach, East Beach, Tober Beach and Martha’s Vineyard Ferry.

    Zillow last checked:

    Listing updated:

    Listed by:

    Charles Marine 401-692-9582,

    Heavens Realty

    Bought with:

    Non-Mls Member

    Non-Mls Member

    Source: StateWide MLS RI,MLS#: 1388747MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 4
    • Full bathrooms: 4
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Electric, Natural Gas, Baseboard, Individual Control, Other
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Microwave, Oven/Range, Refrigerator
    • Laundry: Off Site
    Features
    • Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Plumbing (PEX), Plumbing (PVC), Insulation (Unknown)
    • Flooring: Ceramic Tile, Vinyl, Carpet
    • Basement: Full,Interior Entry,Unfinished,Storage Space,Utility
    • Has fireplace: No
    Interior area
    • Total structure area: 3,630
    • Total interior livable area: 3,630 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: No Garage, Driveway
    • Has uncovered spaces: Yes
    Features
    • Fencing: Fenced
    • Waterfront features: Walk to Salt Water, Walk To Water
    Lot
    • Size: 2,678 Square Feet
    • Features: Corner Lot, Paved, Sidewalks
    Details
    • Foundation area: 1210
    • Parcel number: NEWBM0025L0115
    • Zoning: MUB
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Ceramic, Dry Wall, Plaster, Vinyl Siding
    • Foundation: Brick/Mortar, Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 2024

    Utilities & green energy

    • Electric: 100 Amp Service, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Municipal, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Near Public Transport, Commuter Bus
    HOA
    • Has HOA: No
    Location
    • Region: New Bedford

    Financial & listing details

    • Price per square foot: $169/sqft
    • Tax assessed value: $544,200
    • Annual tax amount: $5,889
    • Date on market: 6/27/2025
    • Total actual rent: 3700
    • Tenant pays: Heat

    Price history

    DateEventPrice
    9/5/2025Sold$615,000+6%$169/sqft
    Source: StateWide MLS RI #1388747 Report a problem
    7/14/2025Pending sale$580,000$160/sqft
    Source: StateWide MLS RI #1388747 Report a problem
    6/27/2025Listed for sale$580,000+121%$160/sqft
    Source: StateWide MLS RI #1388747 Report a problem
    7/11/2003Sold$262,500+407.6%$72/sqft
    Source: Public Record Report a problem
    1/13/1998Sold$51,709$14/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,155 +10.7%$544,200 +17.5%
    2024$5,558 +14.8%$463,200 +36.7%
    2023$4,841 +11.6%$338,800 +21.3%
    2022$4,339 +2.6%$279,200 +2.9%
    2021$4,228 +2.2%$271,200 +5.9%
    2020$4,137 +17.4%$256,000 +19.6%
    2019$3,525 +5.7%$214,000 +6.7%
    2018$3,334 +8.9%$200,500 +9.3%
    2017$3,061 +3.7%$183,400 +2.5%
    2016$2,952 +6.6%$179,000 +1.6%
    2015$2,770 +3.7%$176,100
    2014$2,670 -2.8%$176,100 -8.1%
    2013$2,746 -1.5%$191,600 -5.4%
    2012$2,788 -6.8%$202,600 -12.8%
    2011$2,992 -7.2%$232,300 -13.3%
    2010$3,223 +0.9%$267,900 -3.9%
    2009$3,193 +4.2%$278,900 -4%
    2008$3,064 +2.3%$290,400
    2007$2,994 +12.6%$290,400 +18.7%
    2006$2,659 +6.7%$244,600 +11.5%
    2005$2,493 +9.1%$219,300 +18.7%
    2004$2,286 +51.1%$184,800 +79.1%
    2003$1,513 $103,200 +8.4%
    2002-- $95,200 +17.8%
    2000-- $80,800 -22.8%
    1996-- $104,700
    Find assessor info on the county website

    Neighborhood: 02744

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $644,800
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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
    $644,800