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Prime investor opportunity in New Bedford's South End! This income-producing 5-unit property offers spacious floor plans and strong rental potential. Four units are well maintained with solid tenant history, while one unit provides a chance for cosmetic updates to boost value and increase cash flow. All units feature generous layouts with natural light and flexible living space. Located in a high-demand rental area near the waterfront, beaches, and vibrant South End amenities. Close to public transit and commuter access points, making it attractive to a wide tenant base. Separately metered utilities and low-maintenance vinyl siding keep operating costs down. Whether you're expanding your portfolio or looking for a value-add opportunity in a growing market, this property delivers on both potential and location. A rare chance to own a 5-family in one of the city's most promising neighborhoods. Group showings only!

More Info

Basic Information

  • Gross Income $78,000
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0014 L:0007,2884232
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $554,300
  • Tax Year 2025
  • Taxes$6,269

School Information

  • High School New Bedford High

Parking

  • Open Parking YN Yes
  • Parking Spaces

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms12
  • Full Bath6

Basic Information

  • List Price$729,900
  • MLS Number73523734
  • Modification Date05/26/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address52 Ashley Street
  • Building Number52
  • CountyBristol
  • NeighborhoodSouth
  • StateMA
  • StreetAshley Street
  • SubdivisionSouth
  • TownNew Bedford
  • Zip02744

Building

  • BasementFull, Interior Entry, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 5
  • Patio And Porch Features Porch, Deck - Wood
  • Rooms23
  • Stories5
  • Units5
  • Utilities For Gas Range, For Gas Oven, Varies Per Unit
  • Year Built1910
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.09

Interior

  • Flooring Tile, Vinyl, Varies, Laminate

Exterior

  • Exterior Features Varies per Unit
  • RoofShingle

Utilities

  • Electric Circuit Breakers,60 Amps/Less, Individually Metered, Varies per Unit
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,842
  • Lot Size Square Feet 3,833
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet4,842

Amenities

  • AmenitiesPublic Transportation, Shopping, Laundromat, Highway Access, Sidewalks
  • Other AmenitiesBasement

Water Body

  • Miles to Beach0.5
  • Waterfront Features Bay, Ocean, Walk to,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningRC

Other

  • Date Listed05/26/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Bradford Thelin of RE/MAX Vantage

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