392-394 Shaw St, New Bedford MA 02745
New Bedford, MA 02745
$799,999
$789,999
Est. $4,671/month
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About this home
Multi-Family Opportunity in the Heart of New Bedford! Perfectly located near the brand-new train station, this income-producing property is ready for its next owner to start cash flowing from day one. Featuring numerous recent upgrades throughout, this well-maintained multi-family home offers the ideal blend of modern updates and long-term investment potential. Each unit has been thoughtfully cared for, making this a true move-in-ready property for both investors and owner-occupants alike. Outside, enjoy a spacious backyard designed for entertaining, relaxing, or hosting summer gatherings. The property also includes two off-street parking spaces. An added highlight is the unfinished attic space, offering exciting potential for a possible 5th unit expansion or additional living space, subject to buyer due diligence and city approvals. This opens the door for even greater income potential and future value growth. Schedule your showing today!
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
1.3%
Price Range
Property Timeline
Price Reduced
Jun 25, 2026
$789,999
$10,000
(-1.25%)
From $799,999 to $789,999 (-1.2%)
Listed for Sale
May 23, 2026
$799,999
Original listing
Agent: Taylor Khoury
Office: Ponte & Associates Real Estate Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/25/2026 | ↓ Price Reduced | $789,999 | $10,000 | - | From $799,999 to $789,999 (-1.2%) |
| 05/23/2026 | 🏠 Listed for Sale | $799,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,722 | $505,900 |
Financial Details
Annual Property Tax
$5,722
Tax Year 2025
Assessed Value
$505,900
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1910
Living Area
3,372 sq ft
Lot Size
0.09 acres
Stories
6
Bedrooms
8
Full Baths
4
Total Rooms
16
Investment Metrics
Units
4
Unit 1 Rent
$1,300/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
$1,400/mo · N
Unit 4 Rent
— · N
Total Monthly Rent
$2,700/mo
Gross Income
$32,400
Net Operating Income
$32,400
Cap Rate
4.10%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,722
Assessed Value
$505,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Bristol
Total market time (incl. prior listings)
89 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
8
Full Bathrooms
4
Living Area
3,372 sq ft
Total Rooms
16
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,372 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
6
Heating, Cooling & Utilities
Heating:
Heating Zones:
4
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Nearby Schools
School District
New Bedford School District local
C-
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
Elementary Schools
10 schools
C+
Alma del Mar Charter School
0.7 mi
|
#234 of 352
|
Score: 37.7
Improved 34 spots from last year
-20.5 below state avg
1,042 students
Diverse
Rising School
Grades K-08
C
Global Learning Charter Public School
0.8 mi
|
#263 of 346
|
Score: 45.1
Improved 7 spots from last year
-13.1 below state avg
508 students
Diverse
High Graduation Rate
College Ready Curriculum
Diverse Student Body
Grades 05-12
All Saints Catholic School
0.9 mi
Grades PK-08
Child and Family Services
2.0 mi
Grades K-12
Nazarene Christian Academy
2.1 mi
Grades PK-12
B+
Trinity Day Academy
2.2 mi
|
#149 of 346
|
Score: 72.4
Same rank as last year
93 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 04-12
Holy Family-Holy Name School
2.3 mi
Grades PK-08
St. James-St. John School
2.9 mi
Grades PK-08
D
Abraham Lincoln School
0.2 mi
|
#771 of 824
|
Score: 31.0
Dropped 64 spots from last year
-27.3 below state avg
687 students
Diverse
Diverse Student Body
Grades K-05
D
Charles S Ashley School
0.4 mi
|
#785 of 824
|
Score: 29.5
Improved 33 spots from last year
-28.7 below state avg
272 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
5 schools
Nativity Prep School
2.7 mi
Grades 05-08
Our Sisters' School
3.1 mi
Grades 05-06
C-
Normandin Middle School
0.8 mi
|
#291 of 352
|
Score: 32.1
Improved 13 spots from last year
-26.1 below state avg
990 students
Diverse
Diverse Student Body
Grades 06-08
C-
Keith Middle School
1.9 mi
|
#306 of 352
|
Score: 30.8
Dropped 17 spots from last year
-27.4 below state avg
949 students
Diverse
Diverse Student Body
Grades 06-08
C-
Roosevelt Middle School
4.3 mi
|
#307 of 352
|
Score: 30.8
Improved 41 spots from last year
-27.4 below state avg
759 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
F
Whaling City Junior/Senior High School
2.5 mi
|
#337 of 346
|
Score: 21.7
Improved 17 spots from last year
-36.5 below state avg
200 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 06-12
C+
Greater New Bedford Vocational Technical High School
1.4 mi
|
#230 of 346
|
Score: 48.4
Dropped 41 spots from last year
-9.8 below state avg
2,151 students
Diverse
19 sports
• 1,754 athletes
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
C
New Bedford High School
2.0 mi
|
#261 of 346
|
Score: 45.3
Improved 40 spots from last year
-12.9 below state avg
2,878 students
Diverse
19 sports
• 1,326 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
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
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Property Tax
$477
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
392-394 Shaw St, New Bedford MA 02745
New Bedford, MA 02745
Listing Information
Listing Agent
Taylor Khoury
Listing Office
Ponte & Associates Real Estate Inc.
Office Phone
774-849-5807
Agent MLS ID
CN253674
Office MLS ID
AN7321
Listing Data Updated
Aug 19, 2026 7:08 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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