Presenting a prime investment opportunity at 531 Rivet Street, New Bedford, MA 02740. Each unit offers two bedrooms and one bathroom, making it ideal for rental income or multi-generational living. The property features vinyl siding, replacement windows, and a two-year-old roof—ensuring durability and reduced maintenance costs. Additional amenities include off-street parking for three vehicles and washer/dryer hookups in each unit. Situated on a corner lot just one block east of Dartmouth Street, the location provides convenient access to public transportation, shopping, parks, and schools.Don’t miss out on this exceptional investment in a thriving community. The first-floor unit will be delivered vacant.
Sold for $570,000
$570,000
531 Rivet St, New Bedford, MA 02740
6beds
2,750sqft
3 Family
Built in 1892
-- sqft lot
$593,300 Zestimate®
$207/sqft
$1,733 Estimated rent
Home value
$593,300
$534,000 - $659,000
$1,733/mo
Zestimate® history
Owner options
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$1,733/mo
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$1,733/mo
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$3,602/mo
Est. payment
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$3,602/mo
Est. payment
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List your homeWhat's special
Replacement windowsCorner lotWasher and dryer hookupsOff-street parking
Zillow last checked:
Listing updated:
Listed by:
Luis Rodrigues 508-642-2958,
Realty One Group Dream Makers 508-269-3006
Bought with:
Leovanni Baessa
Compass
Source: MLS PIN,MLS#: 73336453
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
- Finished area above ground: 2,750
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive
- Uncovered spaces: 4
Lot
- Size: 2,770 Square Feet
Details
- Parcel number: M:0028 L:0141,2886634
- Zoning: RB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Stone
Condition
- Year built: 1892
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Bedford
Financial & listing details
- Price per square foot: $207/sqft
- Tax assessed value: $418,500
- Annual tax amount: $5,022
- Date on market: 9/13/2025
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $570,000+1.8%$207/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 6/11/2025 | Price change | $559,900-4.3%$204/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 5/13/2025 | Price change | $585,000-2.5%$213/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 3/9/2025 | Price change | $599,900-2.5%$218/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 2/19/2025 | Listed for sale | $615,000+80.9%$224/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 10/8/2021 | Sold | $340,000+750%$124/sqft |
Source: MLS PIN #72881822 Report a problem | ||
| 1/4/1995 | Sold | $40,000$15/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,612 +11.7% | $496,200 +18.6% |
| 2024 | $5,022 +8.4% | $418,500 +29% |
| 2023 | $4,634 +36.2% | $324,300 +48.1% |
| 2022 | $3,403 +2.3% | $219,000 +2.7% |
| 2021 | $3,325 +2.3% | $213,300 +6.1% |
| 2020 | $3,250 +15.7% | $201,100 +17.9% |
| 2019 | $2,810 +5% | $170,600 +6% |
| 2018 | $2,676 +8% | $160,900 +8.4% |
| 2017 | $2,478 +3.1% | $148,500 +1.9% |
| 2016 | $2,404 +6% | $145,800 +1.1% |
| 2015 | $2,268 +3.8% | $144,200 |
| 2014 | $2,186 -3.9% | $144,200 -9.1% |
| 2013 | $2,274 -1.2% | $158,700 -5.1% |
| 2012 | $2,301 -4.6% | $167,200 -10.7% |
| 2011 | $2,411 -6.5% | $187,200 -12.7% |
| 2010 | $2,579 +1.4% | $214,400 -3.5% |
| 2009 | $2,544 +4.6% | $222,200 -3.6% |
| 2008 | $2,431 +4.2% | $230,400 +1.8% |
| 2007 | $2,333 +19.8% | $226,300 +26.4% |
| 2006 | $1,947 +3.8% | $179,100 +8.5% |
| 2005 | $1,876 +6% | $165,000 +15.3% |
| 2004 | $1,770 +23.3% | $143,100 +46.2% |
| 2003 | $1,435 +5.8% | $97,900 +11.3% |
| 2002 | $1,356 +4.7% | $88,000 +10.3% |
| 2000 | $1,295 +4% | $79,800 -14.9% |
| 1996 | $1,245 | $93,800 |
Find assessor info on the county website
Neighborhood: 02740
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Nearby schools
GreatSchools rating
- 7/10James B Congdon Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Roosevelt Middle SchoolGrades: 6-8Distance: 1.3 mi
- 1/10New Bedford High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$593,300
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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
$593,300
- Massachusetts
- Bristol County
- New Bedford
- 02740
- 531 Rivet St
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