Active
36 Days on market
258-260 Whitman St New Bedford — Photo 1 of 21

258-260 Whitman St New Bedford — Photo 1 of 21

$1,300,000

258-260 Whitman St, New Bedford, MA 02745

New Bedford, MA 02745

Beds

16

Baths

10

SqFt

9,101

Style

5+ Family - 5+ Units Up/Down

Built

1910

Exceptional opportunity to acquire a 10-unit multifamily portfolio consisting of two well-maintained five-unit properties located at 258–260 Whitman Street and 192 Belleville Road, just minutes apart in New Bedford. This package includes a diverse unit mix of 2 three-bedroom, 2 two-bedroom, and 6 one-bedroom apartments, providing broad tenant appeal and income stability. With two vacant units ready for immediate lease-up, investors have the opportunity to quickly increase cash flow and capture additional value from day one. Whether you're expanding an established portfolio or completing a 1031 exchange, this offering provides scale, operational efficiency, and significant long-term upside within one of Southeastern Massachusetts' most active rental markets. The close proximity of both assets allows for simplified management while benefiting from New Bedford's continued economic investment, strong rental demand, and favorable growth outlook. Separate parcels and buildings being offered together as one investment package. Full Rent roll and OM attached. Group Showing 8/8 10:00-10:30 & 10:30-11:00 respectively starting at 258 Whitman. Appointment required.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$143/sqft
Local Avg (New Bedford)$217/sqft
34% BelowMarket Average

* Analysis is based on 19 actively listed and recently sold comparable properties strictly within New Bedford, MA.

Property Details

Financials

Original Price$1,300,000
Annual Taxes$13,611

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms38
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningRC

Property & Lot

Acres0.47
SqFt Lot20,473
Lot FeaturesLevel

Geography

Population

24,519

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$74K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

39.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,041 housing units permitted in the last 12 months (+36% vs the prior 12 months) — 481 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Derek Young

Listing Office: Cameron Real Estate Group

MLS® Number: 73559551

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