393 Pleasant St, New Bedford, MA 02740
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$724,995
6 Unit
6 Beds
6 Baths
2558 SQFT
0.05 Acre

Property Description

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 5 1-bedroom / 1-bath units, and a studio, 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. Please reach out to set up showings

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 6
  • Total Fireplaces: 1
  • Amenities: Conservation Area, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator

Financial

  • APOD Available: No
  • Gross Operating Income: 71304
  • Net Operating Income: 71304

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Other (See Remarks)
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73465645
  • Last Updated: 01/29/26
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/10/2026Active$724,995$283MLSPIN
01/06/2026New$724,995$283MLSPIN

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Seller's Representative: Candor Investment Group, eXp Realty
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 2026-01-29 07:46:00