224-232 Caroline, New Bedford, MA 02740
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$700,000
6 Unit
8 Beds
6 Baths
5638 SQFT
0.15 Acre

Property Description

Motivated Seller!! Don’t miss this rare opportunity to own a high-performing 6-family property, consisting of a 4-family and 2-family on the same lot located in a quiet residential neighborhood on the West End of New Bedford. This well-maintained investment features a total of 8 bedrooms and 6 bathrooms with many updates done to each unit. Five of the six units are currently occupied, some with long term tenants providing immediate cash flow. One unit is vacant and ready to be finished for additional leasing. Positioned near the brand-new South Coast Rail Station, New Bedford High School, and major highways, this property offers unbeatable access for commuters and residents alike. This is your rare chance to own a stabilized multi-family asset with room to grow in one of New Bedford’s most established and appreciating areas. A standout addition to any portfolio

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 5
  • Total Bedrooms: 8
  • Total Full Baths: 6
  • Amenities: Public School, Public Transportation, Shopping, T-Station
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated
  • Gross Operating Income: 66000
  • Gross Expenses: 480
  • Electric Expenses: 480
  • Water/Sewer: 180
  • Net Operating Income: 65340

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: City

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5-9 Family
  • Foundation Info: Concrete Block, Poured Concrete, Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73383213
  • Last Updated: 06/26/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/26/2025Price Change$700,000$124MLSPIN
06/13/2025Active$774,900$137MLSPIN
06/09/2025Price Change$774,900$137MLSPIN
06/04/2025Active$850,000$151MLSPIN
05/31/2025New$850,000$151MLSPIN

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Seller's Representative: Roosevelt Shider, Here Realty 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 2025-06-26 19:10:00

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