115 Mill St, New Bedford MA 02740
New Bedford, MA 02740
$675,000
Est. $4,211/month
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About this home
Nestled in the heart of New Bedford, 115 Mill Street is a rare find—a Colonial home thoughtfully converted into a three-family property that blends timeless charm with modern convenience. Ideal for investors or multi-generational living, it offers space, style, and versatility. The first-floor unit spans 2,125 sq. ft., featuring two large bedrooms, a full bath, in-unit laundry connection, and a stunning living area brimming with original character. Upstairs, the second unit includes a bright kitchen, cozy living room, and a well-sized bedroom, while the third-floor attic apartment offers high ceilings, and a serene one-bedroom retreat. With three newer heating systems, separate utilities, an updated roof, vinyl windows, driveway parking for three, and a private backyard, this property is practical and low-maintenance. Plus, it’s short distance to the MBTA Commuter train station and Historic Downtown. This versatile, income-producing property is ready for its new owner.
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Recently Sold Nearby
Property History
Market Insights
21.5%
Price Range
1
Previous Sales
Property Timeline
Showing Instructions Updated
Aug 3, 2026
New showing requirements
Showing Instructions Updated
Jun 1, 2026
New showing requirements
Listed for Sale
May 11, 2026
$675,000
Original listing
Agent: The Mathew J. Arruda Group
Office: Compass
Previous Transaction - MLS #73349361
Full transaction history available when tracking began
Previously Sold
Jun 16, 2025
$530,000
MLS #73349361
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/03/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/01/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/11/2026 | 🏠 Listed for Sale | $675,000 | - | - | Original listing |
| 06/16/2025 | 🏷️ Previously Sold | $530,000 | - | - | MLS #73349361 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,175 | $634,400 |
Financial Details
Annual Property Tax
$7,175
Tax Year 2025
Assessed Value
$634,400
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1900
Living Area
3,296 sq ft
Lot Size
0.11 acres
Bedrooms
5
Full Baths
3
Half Baths
1
Total Rooms
13
Investment Metrics
Units
3
Unit 1 Rent
$2,500/mo · Y
Unit 2 Rent
$1,650/mo · Y
Unit 3 Rent
$1,600/mo · Y
Total Monthly Rent
$5,750/mo
Gross Income
$69,000
Net Operating Income
$69,000
Operating Expenses
$6,305
Water/Sewer Expense
$825
Electric Expense
$1,020
Insurance Expense
$4,460
Cap Rate
10.22%
Interior
Heating
Baseboard, Unit Control, Individual
Cooling
None
Flooring
Wood, Varies, Hardwood, Stone/ceramic Tile
Appliances
Range, Dishwasher, Refrigerator
Fireplace
None
Fireplaces
4
Basement
Full
Laundry
None
Features
Crown Molding, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Living Rm/dining Rm Combo, Mudroom
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Stone Wall
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
3
Utilities
Electric
Circuit Breakers, 200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$7,175
Assessed Value
$634,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Property Can Be Sold Furnished For An Additional Cost. Unit 1 Lease Through 01/30/27. Unit 2 Lease Through 08/31/27. Unit 3 Lease Through 04/30/27.
Exclusions
First Floor Art Work.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Bristol
Total market time (incl. prior listings)
84 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,296 sq ft
Total Rooms
13
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,296 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:
Wood, Varies, Hardwood, Stone/Ceramic Tile
Appliances:
Range, Dishwasher, Refrigerator
Interior Features:
Crown Molding, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo, Mudroom
Windows:
Skylight(s)
Basement:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Granite
Stories:
4
Heating, Cooling & Utilities
Heating:
Baseboard, Unit Control, Individual
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Stone Wall
Patio & Porch:
Fencing:
Fenced
Other Structures:
Lot Features:
Cleared, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street
Special Features
Fireplaces:
4
Fireplace Type:
View:
Yes
View Type:
City View(s), City
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
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
Holy Family-Holy Name School
< 0.1 mi
Grades PK-08
B+
Trinity Day Academy
0.3 mi
|
#149 of 346
|
Score: 72.4
Same rank as last year
93 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 04-12
Child and Family Services
0.4 mi
Grades K-12
St. James-St. John School
0.7 mi
Grades PK-08
C
Global Learning Charter Public School
1.5 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
Nazarene Christian Academy
1.9 mi
Grades PK-12
C+
Alma del Mar Charter School
2.0 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
All Saints Catholic School
3.1 mi
Grades PK-08
C-
Sgt. William H. Carney Memorial Academy Elementary School
0.2 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
West End Day Nursery School
0.2 mi
Grades PK
Middle Schools
5 schools
Nativity Prep School
0.4 mi
Grades 05-08
Our Sisters' School
1.4 mi
Grades 05-06
C-
Keith Middle School
1.1 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
2.2 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
C-
Normandin Middle School
3.0 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
High Schools
3 schools
F
Whaling City Junior/Senior High School
0.2 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
New Bedford High School
0.9 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
C+
Greater New Bedford Vocational Technical High School
3.7 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
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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
$200
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95% Interest
Year 15
50/50
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95% Principal
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Location
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Neighborhood
115 Mill St, New Bedford MA 02740
New Bedford, MA 02740
Listing Information
Listing Agent
The Mathew J. Arruda Group
Listing Office
Compass
Office Phone
617-206-3333
Agent MLS ID
TM344405
Office MLS ID
AN2383
Listing Data Updated
Aug 3, 2026 9:58 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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