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About this property
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.
Property details
| Units | 3 |
| Living area | 3,296 sqft |
| Lot size | 4,700 sqft |
| Year built | 1900 |
| Price / sqft | $205 |
| County | Bristol |
| MLS # | 73516299 |
Listing status
| Days on market | 21 days |
| Listed on | May 11, 2026 |
Taxes & financials
| Annual property tax | $7,175 |
| Tax year | 2025 |
| Assessed value | $634,400 |
| Zoning | RA |
| Gross income (actual) | $69,000/yr |
| Net operating income (actual) | $69,000/yr |
| Total actual rent | $5,750/mo |
| Electric expense | $1,020/yr |
| Insurance expense | $4,460/yr |
Building & lot
| Stories | 4 |
| Total rooms | 13 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Full |
| Foundation | Granite |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Varies, Hardwood, Stone/Ceramic Tile |
Utilities & systems
| Heating | Baseboard, Unit Control, Individual |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Range, Dishwasher, Refrigerator |
Location
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Listing courtesy of Compass — The Mathew J. Arruda Group. 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 115 Mill St, New Bedford MA 02740 have?
It is a 3-unit multi-family property with 3,296 sqft of living area, built in 1900.
How long has 115 Mill St, New Bedford MA 02740 been on the market?
115 Mill St, New Bedford MA 02740 has been listed for 21 days (since May 11, 2026).
What is the estimated cap rate on this 3-family in New Bedford?
Based on area median rents, the estimated cap rate is about 5.2%, with a Signal Score of 88/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $675,000 across 3 units, that works out to roughly $225,000 per unit.
What are the property taxes on 115 Mill St, New Bedford MA 02740?
Annual property taxes are $7,175 (2025), on an assessed value of $634,400.
What is the price per square foot?
At $675,000 for 3,296 sqft, that's about $205 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
115 Mill St, New Bedford MA 02740 is in New Bedford, Bristol County, MA 02740.
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