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56-62 N Water St, New Bedford MA 02740

New Bedford, MA 02740
$4,500,000
Est. $24,761/month
0.12
Acres
1831
Year Built
201
Days on Market
Active Listed Aug 7, 2025 • MLS# 73414933 Copied!

About this home

Your opportunity to own New Bedford's most iconic historical property. Built circa 1831 and known as the Double Bank Building, it is currently arranged as office space. High ceilings coupled with large open areas trimmed in beautiful dark wood and etched glass, present many uses including retail and gallery space. There is external access to the lower level and second floor allowing for tenanting. This trophy property is located in the center of New Bedford's Historic District in the National Park and across from the New Bedford Whaling Museum. Located in the Opportunity Zone.

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Property Overview

Listing Type
Commercial Sale
Year Built
1831

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1831
Lot Size 0.12 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
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

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer

Financial

Annual Tax $21,673

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
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Security:

Construction & Materials

Year Built: 1831
Structure Type:
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Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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Sewer:
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Exterior & Lot

Exterior Features:
Patio & Porch:
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Parking & Garage

Parking Features:

Location

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Neighborhood

56-62 N Water 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
C-
Sgt. William H. Carney Memorial Academy Elementary School
0.5 mi | #706 of 824 | Score: 35.2
Improved 110 spots from last year
-23 below state avg
618 students Very Diverse
Rising School Diverse Student Body
Grades K-05
Holy Family-Holy Name School
0.5 mi
Grades PK-08
Child and Family Services
0.6 mi
Grades K-12
M

Middle Schools

3 schools
Nativity Prep School
0.3 mi
Grades 05-08
C+
Hastings Middle School
1.5 mi | #218 of 352 | Score: 39.5
Dropped 82 spots from last year
-18.7 below state avg
415 students Moderate
Grades 06-08
C-
Keith Middle School
1.6 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
H

High Schools

3 schools
F
Whaling City Junior/Senior High School
0.5 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+
Fairhaven High School
1.0 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
The Nemasket Group
1.1 mi
Grades 12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,806
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

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Current Rate
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+0.5% Rate
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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.

Property History

Property Timeline

🏠
Listed for Sale
Aug 7, 2025
$4,500,000
Original listing
Agent: E. Jeffrey Pontiff Office: E. J. Pontiff Real Estate

Price & Status History

Date Event Price Change
Aug 7, 2025 New Listing Added $4,500,000 —

Market Statistics

Days on Market
201 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $21,673 —

Financial Details

Annual Property Tax
$21,673
Tax Year 2025

Listing Information

Listing Agent E. Jeffrey Pontiff
Listing Office E. J. Pontiff Real Estate
Agent MLS ID BB922079
Office MLS ID BB5236
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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56-62 N Water St, New Bedford MA 02740 - Photo 1
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