106 Richmond St, New Bedford MA 02740
New Bedford, MA 02740
$849,000
Est. $5,005/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Welcome to 106 Richmond St, New Bedford — a spacious multi-family property offering strong income potential in one of the South Coast’s active investment markets. This 3-family property features an additional finished bonus unit in the basement, recently completed with new finishes throughout. Units 1, 2, and 3 each offer generous 3-bedroom layouts, while the finished basement bonus unit features 2 bedrooms, providing added versatility and space. All units are currently occupied and are well maintained, making this an attractive opportunity for an investor looking to add a high-producing property to their portfolio. Situated on a corner lot with the added convenience of a driveway for off-street parking, this property checks several key boxes for multi-family ownership. Spacious units, strong occupancy, additional finished space, and a desirable New Bedford location combine to create a compelling investment opportunity. Bring your portfolio to the next level with 106 Richmond St!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 27, 2026
$849,000
Original listing
Agent: Kade Phillips
Office: RE/MAX Legacy
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/27/2026 | 🏠 Listed for Sale | $849,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,144 | $543,200 |
Financial Details
Annual Property Tax
$6,144
Tax Year 2025
Assessed Value
$543,200
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1913
Living Area
3,390 sq ft
Lot Size
0.06 acres
Stories
4
Bedrooms
11
Full Baths
4
Total Rooms
25
Investment Metrics
Units
4
Unit 1 Rent
$1,800/mo · Y
Unit 2 Rent
$1,600/mo · Y
Unit 3 Rent
$1,550/mo · Y
Unit 4 Rent
$1,700/mo · Y
Total Monthly Rent
$6,650/mo
Gross Income
$79,800
Net Operating Income
$79,800
Cap Rate
9.40%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full, Finished, Walk-out Access
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Paved
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,144
Assessed Value
$543,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
All Measurements Are Approximate. Buyer/ Agent To Do Their Own Due Diligence. Photo’s Have Been Enhanced With Ai.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Finished basement unit roughly 868 sqft. Buyer/agent to do their own due diligence.
Documents
None
County
Bristol
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1913
Bedrooms
11
Full Bathrooms
4
Living Area
3,390 sq ft
Total Rooms
25
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,390 sq ft above grade
868 sq ft below grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Full, Finished, Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1913
Structure Type:
Exterior Materials:
Roof:
Foundation:
Granite
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Off Street, Paved
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$512
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
106 Richmond St, New Bedford MA 02740
New Bedford, MA 02740
Listing Information
Listing Agent
Kade Phillips
Listing Office
RE/MAX Legacy
Office Phone
508-946-1661
Agent MLS ID
CN228684
Office MLS ID
AN8165
Listing Data Updated
Sep 27, 2026 3:23 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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