1523-1525 Padanaram Ave, New Bedford MA 02740

New Bedford, MA 02740
$995,000
$949,000
Est. $5,630/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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6
Beds
3
Baths
2,980
Sq Ft
$318
Price/Sq Ft
0.18
Acres
1989
Year Built
2
Garage Spaces
72
Days on Market
For Sale Price Drop -$46,000 Listed Jul 31, 2026 • MLS# 73557720 Copied! • Updated Oct 12, 2026

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About this home

Don't miss this rare opportunity to own a well-maintained duplex directly across the street from the ocean. Whether you're looking for a multi-generational home, an income-producing investment property, or the perfect owner-occupied residence with rental income, this versatile property offers endless possibilities with ocean views and refreshing sea breezes right from your doorstep. Unit 1- 3 Brms, 1 full bath, newly remodeled kitchen with Marble counters and island, lower level plumbed for a 2nd bathroom, 1 car garage. Unit 2- 3 Brms, 2 full baths 1 car garage.

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Recently Sold Nearby

Price & Status History

Market Insights

4.6%
Price Range

Property Timeline

🏠
Listed for Sale
Jul 31, 2026
$949,000
Original listing
Office: Driftwood Realty
🏠
Listed for Sale
Jul 31, 2026
$995,000
Original listing

Tax History

Year Taxes Assessment
2025 $7,578 $670,000

Financial Details

Annual Property Tax
$7,578
Tax Year 2025
Assessed Value
$670,000

Facts & Features

2 Car Garage

Home Facts

Type Residential Income
Style 2 Family - 2 Units Side by Side
Year Built 1989
Living Area 2,980 sq ft
Lot Size 0.18 acres
Stories 4
Bedrooms 6
Full Baths 3
Total Rooms 10

Investment Metrics

Units 2
Unit 1 Rent — · N
Unit 2 Rent — · N
Heating Ductless
Cooling Ductless
Flooring Carpet
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement None
Laundry Electric Dryer Hookup
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch, Deck
Garage Spaces 2
Has Garage Yes
Features Off Street, Paved
Total Spaces 4
Electric 110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer

Financial

Annual Tax $7,578
Assessed Value $670,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint None
Seller Disclosures Listing Agent Has An Ownership Interest In The Property And Is A Licensed Real Estate Salesperson In Ma.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Owner
Documents None
County Bristol
Total market time (incl. prior listings) 13 days

Property Overview

Property Type
2 Family - 2 Units Side by Side
Listing Type
For Sale
Year Built
1989
Bedrooms
6
Full Bathrooms
3
Living Area
2,980 sq ft
Total Rooms
10
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring: Carpet
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Living Room, Kitchen
Windows:
Basement:
Laundry: Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1989
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 4

Utilities & Systems

Heating: Ductless
Heating Zones: 6
Cooling: Ductless
Cooling Zones: 6
Hot Water: Electric, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Deck
Fencing: Fenced
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 4
Parking Features: Off Street, Paved

Special Features

View: Yes
View Type: Scenic View(s)
Community Amenities: Shopping, Conservation Area, Highway Access
School District
New Bedford School District local
D
🎓 Where Graduates Go Class of 2021
31% attend college
13% 4-Year 18% 2-Year 4% Out of State 9% Working
⚠ School Safety 2024-25
6.0% Above Average
4.2% Suspensions 1.0% In-School 1.8% Emergency
↑ 0.5% above state avg
E

Elementary Schools

10 schools
St. James-St. John School
1.2 mi
Grades PK-08
Holy Family-Holy Name School
1.9 mi
Grades PK-08
B+
Trinity Day Academy
2.0 mi | #149 of 346 | Score: 72.4
Same rank as last year
87 students Diverse
College Ready Curriculum Diverse Student Body
Grades 04-12
Child and Family Services
2.2 mi
Grades K-12
Nazarene Christian Academy
3.2 mi
Grades PK-12
C
Global Learning Charter Public School
3.4 mi | #273 of 346 | Score: 45.2
Dropped 3 spots from last year
-13 below state avg
501 students Diverse
High Graduation Rate College Ready Curriculum Diverse Student Body Strong Attendance
Grades 05-12
C+
Alma del Mar Charter School
3.8 mi | #232 of 352 | Score: 37.7
Improved 36 spots from last year
-20.5 below state avg
1,044 students Diverse
Rising School
Grades K-08
All Saints Catholic School
5.0 mi
Grades PK-08
D
John B Devalles School
0.5 mi | #756 of 825 | Score: 32.1
Improved 73 spots from last year
-26.1 below state avg
285 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
James B Congdon School
0.7 mi | #508 of 825 | Score: 44.5
Dropped 26 spots from last year
-13.7 below state avg
304 students Very Diverse
Diverse Student Body Strong Attendance
Grades K-05
M

Middle Schools

5 schools
Nativity Prep School
1.5 mi
Grades 05-08
Our Sisters' School
1.7 mi
Grades 05-06
C-
Roosevelt Middle School
1.0 mi | #305 of 352 | Score: 31.3
Improved 43 spots from last year
-26.9 below state avg
779 students Diverse
Rising School Diverse Student Body
Grades 06-08
C-
Keith Middle School
2.6 mi | #307 of 352 | Score: 31.0
Dropped 18 spots from last year
-27.2 below state avg
918 students Diverse
Diverse Student Body
Grades 06-08
C-
Normandin Middle School
4.8 mi | #295 of 352 | Score: 32.1
Improved 9 spots from last year
-26.1 below state avg
922 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

3 schools
F
Whaling City Junior/Senior High School
1.6 mi | #338 of 346 | Score: 21.9
Improved 16 spots from last year
-36.3 below state avg
190 students Diverse
College Ready Curriculum Diverse Student Body
Grades 06-12
C
New Bedford High School
2.4 mi | #262 of 346 | Score: 46.3
Improved 39 spots from last year
-11.9 below state avg
2,792 students Diverse
19 sports • 1,326 athletes
Early College Program Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
C+
Greater New Bedford Vocational Technical High School
5.5 mi | #232 of 346 | Score: 49.4
Dropped 43 spots from last year
-8.8 below state avg
2,161 students Diverse
19 sports • 1,754 athletes
High Graduation Rate Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $632
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
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

1523-1525 Padanaram Ave, New Bedford MA 02740

New Bedford, MA 02740

Listing Information

Listing Agent Lisa Arruda
Listing Office Driftwood Realty
Office Phone 774-263-2128
Agent MLS ID CN241899
Office MLS ID AN8302
Listing Data Updated Oct 12, 2026 10:42 AM 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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