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518 Cottage St, New Bedford MA 02740 - Preview 1 518 Cottage St, New Bedford MA 02740 - Preview 2

518 Cottage St, New Bedford MA 02740

New Bedford, MA 02740
$550,000
Est. $3,374/month
5
Beds
3
Baths
2,160
Sq Ft
$255
Price/Sq Ft
0.07
Acres
1892
Year Built
3 Family
Type
5 hours 25 minutes
Time on Market
Active Open House Listed May 7, 2026 • MLS# 73514219 Copied!

About this home

Fully Rented 3-Family Investment Opportunity in New Bedford. New Bedford investors take notice. This fully rented 5-bedroom, three-family property is generating income from day one and offers a strong opportunity to add a cash-flowing asset to your portfolio. Conveniently located near the commuter rail to Boston, major highways, schools, shopping, and local amenities, this property combines location, stability, and low-maintenance ownership. With all units occupied, this is an ideal opportunity for investors seeking immediate rental income and turnkey operation. Whether you’re expanding your portfolio or entering the multifamily market, this income-producing property is worth a look.Property being sold “As Is.”

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Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1892
Bedrooms
5
Full Bathrooms
3
Living Area
2,160 sq ft
Total Rooms
14
Stories
3
Levels
3

Open House Schedule

09
May
Saturday, May 9
12:00 PM - 1:00 PM EDT

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1892
Living Area 2,160 sq ft
Lot Size 0.07 acres
Bedrooms 5
Full Baths 3
Total Rooms 14

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Unfinished
Laundry None
Features None

Exterior

Construction Stone
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,709
Assessed Value $416,400

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1892
Structure Type:
Exterior Materials: Stone
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 3
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features:

Location

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Neighborhood

518 Cottage St, New Bedford MA 02740

New Bedford, MA 02740

Walkability

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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
E

Elementary Schools

3 schools
F
John Avery Parker School
0.1 mi | #793 of 824 | Score: 29.2
Improved 34 spots from last year
-29 below state avg
289 students Diverse
Rising School Diverse Student Body
Grades PK
West End Day Nursery School
0.3 mi
Grades PK
Child and Family Services
0.4 mi
Grades K-12
M

Middle Schools

3 schools
C-
Keith Middle School
0.8 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
Nativity Prep School
0.9 mi
Grades 05-08
Our Sisters' School
1.5 mi
Grades 05-06
H

High Schools

3 schools
C
New Bedford High School
0.6 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
F
Whaling City Junior/Senior High School
0.7 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+
Fairhaven High School
1.5 mi | #211 of 346 | Score: 50.5
Dropped 8 spots from last year
-7.7 below state avg
568 students Moderate
17 sports • 1,168 athletes
Strong AP Program College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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 $392
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
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Cost $0/mo

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.

Property History

Market Insights

15.7%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
May 7, 2026
$550,000
Original listing
Agent: Michelle Gerez Office: RE/MAX Impact
Previous Transaction - MLS #73321775
Full transaction history available when tracking began
🏷️
Previously Sold
Apr 4, 2025
$463,500
MLS #73321775
View Listing →

Price & Status History

Date Event Price Change
May 7, 2026 New Listing Added $550,000 —
Apr 4, 2025 Sold $463,500 —

Market Statistics

Time on Market
5 hours 25 minutes
Price per Sq Ft
$255

Tax History

Year Taxes Assessment
2025 $4,709 $416,400

Financial Details

Annual Property Tax
$4,709
Tax Year 2025
Assessed Value
$416,400

Listing Information

Listing Agent Michelle Gerez
Listing Office RE/MAX Impact
Agent MLS ID CN229499
Office MLS ID AN7664
Listing Data Updated May 6, 2026 8:19 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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