1 / 42
INVESTMENT SNAPSHOT
About this property
Storybook circa-1851 two-family cottage with flexible single-family potential, set on a picturesque cobblestone lane that feels reminiscent of Nantucket or Newport in historic New Bedford. Located near the Whaling National Historical Park, downtown waterfront, restaurants, galleries, shops, museums, seasonal ferry service to Martha’s Vineyard/Nantucket, and commuter rail to Boston. First floor offers sun-filled living room, kitchen, updated bath, bedroom, and is vacant, creating potential for owner-occupant financing. Upper unit includes kitchen, living room, two bedrooms, full bath with skylight, plus heated third-level bonus space with sleeping areas. Upper unit rented at $2,400/month through mid-October, and both units have produced above-market furnished mid-term rents. Original plank floors and period woodwork add warmth, while paver patios with fire pit and string lighting create inviting outdoor living. Basement offers laundry, French drain, backyard access, and gym/flex space.
Property details
| Units | 2 |
| Living area | 1,660 sqft |
| Lot size | 1,525 sqft |
| Year built | 1851 |
| Price / sqft | $407 |
| County | Bristol |
| MLS # | 73499223 |
Listing status
| Days on market | 41 days |
| Listed on | April 9, 2026 |
Taxes & financials
| Annual property tax | $4,300 |
| Tax year | 2025 |
| Assessed value | $380,200 |
| Zoning | RB |
| Gross income (actual) | $28,800/yr |
| Net operating income (actual) | $28,800/yr |
| Total actual rent | $2,400/mo |
Building & lot
| Stories | 2 |
| Total rooms | 10 |
| Lot size | 0.04 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | Off Street |
| Basement | Full, Interior Entry, Bulkhead, Sump Pump, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile |
Utilities & systems
| Heating | Central, Natural Gas |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
| Appliances | Range, Dishwasher, Microwave, Refrigerator |
Location
More about investing in New Bedford →
Listing courtesy of Lamacchia Realty, Inc. — Jeffrey Pierce. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 60 Mechanics Lane, New Bedford MA 02740 have?
It is a 2-unit multi-family property with 1,660 sqft of living area, built in 1851.
How long has 60 Mechanics Lane, New Bedford MA 02740 been on the market?
60 Mechanics Lane, New Bedford MA 02740 has been listed for 41 days (since April 9, 2026).
What is the estimated cap rate on this 2-family in New Bedford?
Based on area median rents, the estimated cap rate is about 3.5%, with a Signal Score of 65/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $675,000 across 2 units, that works out to roughly $337,500 per unit.
What are the property taxes on 60 Mechanics Lane, New Bedford MA 02740?
Annual property taxes are $4,300 (2025), on an assessed value of $380,200.
What is the price per square foot?
At $675,000 for 1,660 sqft, that's about $407 per square foot.
Where is this property located?
60 Mechanics Lane, New Bedford MA 02740 is in New Bedford, Bristol County, MA 02740.
Similar multi-families
◆ 88
◆ 89
◆ 89
◆ 86