This Property is No Longer Available
629 Purchase St, New Bedford, MA 02740
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$660,000
*Sale Price
6 Unit
7 Beds
6 Baths
5765 SQFT
0.13 Acre

Property Description

Property is mixed use (2 buildings on 1 Lot) w/ a 5 family residence & a stand alone loft building currently permitted for residential use. 629 (5 units) & 623 (stand alone unit) Purchase Street share a large, fully fenced, private back yard with locking gates and deck. Tenants pay all of their own utilities. Many upgrades including newer architectural & brand new rubber membrane roof, high efficiency mini-splits in all units, replacement windows, circuit breakers, rehabbed interiors and coin-op laundry for extra income. The buildings are in a desirable downtown location close to restaurants, shops, museums & MBTA station. All public utilities, all units fully applianced with separate electrical services.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Total Fireplaces: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Stables, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Interior Features: Programmable Thermostat, Tile Floor

Financial

  • APOD Available: Yes
  • Gross Operating Income: 73800
  • Net Operating Income: 64200

Utilities

  • Heat Zones: 10
  • Cooling Zones: 6
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1922
  • Type: 5-9 Family
  • Construction Type: Aluminum, Block, Brick, Frame, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73313350
  • Last Updated: 02/28/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/28/2025Sold$660,000$114MLSPIN
01/06/2025Under Agreement$680,000$118MLSPIN
12/23/2024Contingent$680,000$118MLSPIN
11/20/2024Active$680,000$118MLSPIN
11/16/2024New$680,000$118MLSPIN

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Seller's Representative: Nick Helgesen, Better Living Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-28 16:11:00

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