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INVESTMENT SNAPSHOT
About this property
Presenting an exceptional opportunity to convert this industrial building into multi-family property located at 194-R Riverside Ave, New Bedford, MA. Constructed in 1925, this expansive residence offers a substantial 26,910 square feet of protentional living area, providing significant space for diverse residential configurations or strategic investment. Spanning two stories, the property is situated on a generous 126,759 square foot lot, offering considerable outdoor space and development opportunities. This distinguished property represents a compelling opportunity for discerning buyers seeking a significant multi-family asset in New Bedford. See attached due diligence progress. This property is located along the city's future Riverwalk Development initiative.
Property details
| Units | 25 |
| Living area | 26,910 sqft |
| Lot size | 126,759 sqft |
| Year built | 1925 |
| Price / sqft | $59 |
| County | Bristol |
| MLS # | 73519513 |
Listing status
| Days on market | 7 days |
| Listed on | May 14, 2026 |
Taxes & financials
| Annual property tax | $17,371 |
| Tax year | 2026 |
| Assessed value | $760,200 |
| Zoning | (IB) |
| Total actual rent | $0/mo |
Building & lot
| Stories | 2 |
| Total rooms | 0 |
| Lot size | 2.91 acres |
| Garage spaces | 0 |
| Parking spaces | 60 |
| Parking | Off Street |
| Foundation | Granite, Slab |
| Roof | Rubber |
| Construction | Brick |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Lanagan & Co — Jason P. Lanagan. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 194-R Riverside Ave, New Bedford MA 02746 have?
It is a 25-unit multi-family property with 26,910 sqft of living area, built in 1925.
How long has 194-R Riverside Ave, New Bedford MA 02746 been on the market?
194-R Riverside Ave, New Bedford MA 02746 has been listed for 7 days (since May 14, 2026).
What is the estimated cap rate on this 25-family in New Bedford?
Based on area median rents, the estimated cap rate is about 18.3%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,600,000 across 25 units, that works out to roughly $64,000 per unit.
What are the property taxes on 194-R Riverside Ave, New Bedford MA 02746?
Annual property taxes are $17,371 (2026), on an assessed value of $760,200.
What is the price per square foot?
At $1,600,000 for 26,910 sqft, that's about $59 per square foot.
Is there parking?
60 total parking spaces (off street).
Where is this property located?
194-R Riverside Ave, New Bedford MA 02746 is in New Bedford, Bristol County, MA 02746.
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