1359 Purchase St, New Bedford MA 02740

New Bedford, MA 02740
$370,000
$340,000
Est. $2,282/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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7
Beds
2
Baths
2,242
Sq Ft
$152
Price/Sq Ft
0.04
Acres
1870
Year Built
20
Days on Market
For Sale Price Drop -$30,000 Listed Sep 4, 2026 • MLS# 73571932 Copied! • Updated Sep 14, 2026

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About this home

PRICE JUST REDUCED AGAIN...MOTIVATED SELLER! PREMIUM LOCATION: Located directly across the street from the new "Boston T" train bridge, & priced below assessed value, this 2 family home features 7 bedrooms & 2 full baths. Roof is 3 years young, home boasts gas heat, & interior access from the 2nd floor to the 3rd floor attic with heat, adding more livable space. Top it off with a full basement & small side yard. Least expensive 2 family in New Bedford on MLS right now.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
8.1%
Price Range

Property Timeline

↓
Price Reduced
Sep 10, 2026
$340,000 $30,000 (-8.11%)
From $370,000 to $340,000 (-8.1%)
🏠
Listed for Sale
Sep 4, 2026
$370,000
Original listing
Agent: Jane Kalife Paul Office: Conway - Mattapoisett

Tax History

Year Taxes Assessment
2026 $4,356 $397,600

Financial Details

Annual Property Tax
$4,356
Tax Year 2026
Assessed Value
$397,600

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1870
Living Area 2,242 sq ft
Lot Size 0.04 acres
Stories 3
Bedrooms 7
Full Baths 2
Total Rooms 11

Investment Metrics

Units 2
Unit 1 Rent $1,500/mo · N
Unit 2 Rent $1,500/mo · N
Total Monthly Rent $3,000/mo
Gross Income $18,000
Net Operating Income $18,000
Cap Rate 5.29%
Heating None
Cooling None
Flooring Carpet, Hardwood
Appliances None
Fireplace None
Basement Full, Walk-out Access, Interior Entry, Bulkhead, Concrete, Unfinished
Laundry Washer Hookup
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch None
Features None
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, Washer Hookup

Financial

Annual Tax $4,356
Assessed Value $397,600
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Public Record
Documents None
County Bristol
Total market time (incl. prior listings) 10 days

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1870
Bedrooms
7
Full Bathrooms
2
Living Area
2,242 sq ft
Total Rooms
11
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Carpet, Hardwood
Appliances:
Interior Features:
Windows:
Basement: Full, Walk-Out Access, Interior Entry, Bulkhead, Concrete, Unfinished
Laundry: Washer Hookup
Security:

Construction & Materials

Year Built: 1870
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Parking Features:

Special Features

View: Yes
View Type: City View(s), City
Community Amenities: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, Sidewalks

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $363
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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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.

Location

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Neighborhood

1359 Purchase St, New Bedford MA 02740

New Bedford, MA 02740

Listing Information

Listing Agent Jane Kalife Paul
Listing Office Conway - Mattapoisett
Office Phone 508-758-4944
Agent MLS ID FR800582
Office MLS ID FR0151
Listing Data Updated Sep 14, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
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