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Fully gut-renovated multifamily opportunity in New Bedford renovated in 2022 offering strong income potential for both investors and owner-occupants alike. This oversized property features two spacious 4 bed/1 bath units on the 1st and 2nd floors, plus two 1 bed/1 bath units on the 3rd floor. Bonus finished 4th-floor living space with an additional bathroom offers flexibility for storage, office, or extended use. Property includes 5 off-street parking spaces, updated kitchens and baths, modern finishes, and strong rental upside with vacant units allowing immediate market rents. Ideal setup for FHA buyers looking to offset their mortgage with rental income or investors seeking a turn-key asset with future value-add potential. Preliminary concepts for a potential 8-unit conversion have already been explored. Conveniently located near highways, shopping, restaurants, and commuter access.

More Info

Basic Information

  • Gross Income $46,800
  • Lot Features Corner Lot
  • Mls StatusBack on Market
  • Parcel Number 2900409

Tax Information

  • Tax Assessed Value $551,500
  • Tax Year 2026
  • Taxes$6,237

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces5

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms10
  • Full Bath5

Basic Information

  • List Price$899,000
  • MLS Number73522270
  • Modification Date07/22/2026
  • Property SubType4 Family - 4 Units Up/Down

Location

  • Address539-541 North Front Street
  • Building Number539-541
  • CountyBristol
  • NeighborhoodNorth
  • StateMA
  • StreetNorth Front Street
  • SubdivisionNorth
  • TownNew Bedford
  • Zip02745

Building

  • BasementFull, Walk-Out Access, Interior Entry, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Covered
  • Rooms17
  • Stories5
  • Units4
  • Year Built2022
  • Year Built Details Renovated Since
  • Year Built Source Builder

Property

  • Acreage0.07

Exterior

  • RoofShingle

Utilities

  • Electric 100 Amp Service
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Measured
  • Living Area 4,118
  • Lot Size Square Feet 2,914
  • Lot Size Units Acres
  • Square Feet4,118

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • ZoningMUB

Other

  • Date Listed05/21/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Niko Stafford of Block Realty

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