393 Pleasant St, New Bedford, MA 02740

Local realty services provided by:ERA The Castelo Group
393 Pleasant St,New Bedford, MA 02740
$724,995
  • 6 Beds
  • 6 Baths
  • 2,558 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Jan 10
    12:00 pm - 02:00 pm
  • Sun, Jan 11
    12:00 pm - 02:00 pm
Listed by: candor investment group, andrew freed
Office: exp realty
MLS#:73465645
Source:MLSPIN

Price summary

  • Price:$724,995
  • Price per sq. ft.:$283.42

About this home

Turnkey 6-Unit Multifamily with Strong Cash Flow & Clear Upside. 393 Pleasant Street presents a rare opportunity to acquire a well-maintained 6-unit multifamily in the heart of New Bedford’s growing rental market. The property consists of six 1-bedroom / 1-bath units, offering in-place cash flow with upside through lease-up and rent optimization. The building currently produces approximately $66,228 in annual gross rent due to one vacant unit, while market rents support approximately $99,600 annually, allowing investors to increase income through a rent-to-market strategy. Projected NOI based on market rents is $76,631, providing attractive yield and long-term appreciation. The property features a consistent unit mix, solid layout, and updated exterior elements, making it efficient to manage and scale. Ideal for investors seeking predictable cash flow with value-add potential. OPEN HOUSE SCHEDULED FOR SATURDAY (1/10) AND SUNDAY (1/11) FROM 12-2 PM.

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Home facts

  • Year built:1890
  • Listing ID #:73465645
  • Updated:January 06, 2026 at 09:50 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:2,558 sq. ft.

Structure and exterior

  • Year built:1890
  • Building area:2,558 sq. ft.
  • Lot area:0.05 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$724,995
  • Price per sq. ft.:$283.42
  • Tax amount:$5,862 (2025)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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