194-R Riverside Ave, New Bedford MA 02746

New Bedford, MA 02746 • North

$1,600,000

Est. $9,738/month

26,910

Sq Ft

$59

Price/Sq Ft

2.91

Acres

1925

Year Built

5-9 Family

Type

8 hours 51 minutes

Time on Market

Active Listed May 14, 2026 • MLS# 73519513 Copied!

About this home

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.

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Property Overview

Property Type

5-9 Family

Listing Type

For Sale

Year Built

1925

Living Area

26,910 sq ft

Stories

Levels

Facts & Features

Home Facts

Type Residential Income

Style 5-9 Family

Year Built 1925

Living Area 26,910 sq ft

Lot Size 2.91 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction Brick

Architecture None

Roof Rubber

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street

Total Spaces 60

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $17,371

Assessed Value $760,200

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1925

Structure Type:

Exterior Materials: Brick

Roof: Rubber

Foundation: Granite, Slab

Stories: 2

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features: Easements

Road Surface:

Parking & Garage

Total Parking Spaces: 60

Parking Features: Off Street

Special Features

Waterfront: Yes

Waterfront Type: Waterfront, River

Community Amenities:

Location

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Neighborhood

North

194-R Riverside Ave, New Bedford MA 02746

New Bedford, MA 02746

Walkability

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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

3 schools

C+

Alma del Mar Charter School

0.2 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

Abraham Lincoln School

0.7 mi | #771 of 824 | Score: 31.0

Dropped 64 spots from last year

-27.3 below state avg

687 students Diverse

Diverse Student Body

Grades K-05

Global Learning Charter Public School

0.8 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

Middle Schools

2 schools

C-

Normandin Middle School

1.0 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

C+

Hastings Middle School

1.9 mi | #218 of 352 | Score: 39.5

Dropped 82 spots from last year

-18.7 below state avg

415 students Moderate

Grades 06-08

High Schools

3 schools

C+

Greater New Bedford Vocational Technical High School

1.8 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

C+

Fairhaven High School

1.9 mi | #211 of 346 | Score: 50.5

Dropped 8 spots from last year

-7.7 below state avg

568 students Moderate

17 sports • 1,168 athletes

Strong AP Program College Ready Curriculum Strong Athletics

Grades 09-12

The Nemasket Group

2.0 mi

Grades 12

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Property Tax $1,448

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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.

Property History

Property Timeline

🏠

Listed for Sale

May 14, 2026

$1,600,000

Original listing

Agent: Jason P. Lanagan Office: Lanagan & Co

Date	Event	Price	Change	$/sqft	Details
05/14/2026	🏠 Listed for Sale	$1,600,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
May 14, 2026	Sold	$1,600,000	—
May 14, 2026	New Listing Added	$1,600,000	—

Market Statistics

Time on Market

8 hours 51 minutes

Price per Sq Ft

$59

Tax History

Year	Taxes	Assessment
2026	$17,371	$760,200

Financial Details

Annual Property Tax

$17,371

Tax Year 2026

Assessed Value

$760,200

Listing Information

Listing Agent Jason P. Lanagan

Listing Office Lanagan & Co

Agent MLS ID BB923758

Office MLS ID AN2832

Listing Data Updated May 14, 2026 7:03 PM 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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194-R Riverside Ave, New Bedford MA 02746

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Special Features

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Calculator

Monthly Payment Breakdown

Loan Summary

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Property History

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Listed for Sale

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