268-270 Union St, New Bedford MA 02740
New Bedford, MA 02740
$679,999
$599,999
Est. $4,051/month
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About this home
Prime value-add investment opportunity in the heart of downtown New Bedford. This well-positioned mixed-use property features two commercial units and offers immediate cash flow with significant upside potential. Unit 1 is occupied by Fall River Pawn Brokers, providing stable rental income and an attractive 8.9% capitalization rate, making it an excellent foundation for investors seeking dependable returns from day one. Unit 2 is currently vacant, presenting a tremendous value-add opportunity for investors or owner-users. Once leased at market rent, Unit 2 has the potential to generate an estimated 12%–13% capitalization rate, significantly increasing the property's overall return and cash flow. The space offers a flexible layout consisting of a welcoming reception area, seven private offices and/or conference rooms, a half bathroom, and central HVAC throughout, making it suitable for a variety of professional or service-based businesses.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
11.8%
Price Range
Property Timeline
Status: Active under contract
Jul 22, 2026
Active → Active Under Contract
Pending Sale
Jul 21, 2026
Offer accepted, sale pending
Price Reduced
Jun 20, 2026
$599,999
$80,000
(-11.76%)
From $679,999 to $599,999 (-11.8%)
Listed for Sale
Apr 17, 2026
$679,999
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/22/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/21/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/20/2026 | ↓ Price Reduced | $599,999 | $80,000 | - | From $679,999 to $599,999 (-11.8%) |
| 04/17/2026 | 🏠 Listed for Sale | $679,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,803 | — |
Financial Details
Annual Property Tax
$9,803
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1950
Living Area
4,062 sq ft
Lot Size
0.11 acres
Investment Metrics
Gross Income
$59,121
Net Operating Income
$53,357
Operating Expenses
$5,764
Cap Rate
8.89%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$9,803
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Neither Seller, Or Agent Make Any Representations As To The Accuracy Of Any Information Contained Herein. Buyer(s)/buyer(s) Agent Must Conduct Their Own Due Diligence.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Bristol
Property Overview
Listing Type
Sale Pending
Year Built
1950
Living Area
4,062 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1950
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
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
10 schools
Holy Family-Holy Name School
0.4 mi
Grades PK-08
St. James-St. John School
0.4 mi
Grades PK-08
B+
Trinity Day Academy
0.6 mi
|
#149 of 346
|
Score: 72.4
Same rank as last year
93 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 04-12
Child and Family Services
0.6 mi
Grades K-12
C
Global Learning Charter Public School
1.8 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
Nazarene Christian Academy
2.2 mi
Grades PK-12
C+
Alma del Mar Charter School
2.2 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
All Saints Catholic School
3.4 mi
Grades PK-08
C-
Sgt. William H. Carney Memorial Academy Elementary School
0.3 mi
|
#706 of 824
|
Score: 35.2
Improved 110 spots from last year
-23 below state avg
618 students
Very Diverse
Rising School
Diverse Student Body
Grades K-05
West End Day Nursery School
0.5 mi
Grades PK
Middle Schools
5 schools
Nativity Prep School
0.1 mi
Grades 05-08
Our Sisters' School
1.4 mi
Grades 05-06
C-
Keith Middle School
1.4 mi
|
#306 of 352
|
Score: 30.8
Dropped 17 spots from last year
-27.4 below state avg
949 students
Diverse
Diverse Student Body
Grades 06-08
C-
Roosevelt Middle School
1.8 mi
|
#307 of 352
|
Score: 30.8
Improved 41 spots from last year
-27.4 below state avg
759 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C-
Normandin Middle School
3.3 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
High Schools
3 schools
F
Whaling City Junior/Senior High School
0.2 mi
|
#337 of 346
|
Score: 21.7
Improved 17 spots from last year
-36.5 below state avg
200 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 06-12
C
New Bedford High School
1.1 mi
|
#261 of 346
|
Score: 45.3
Improved 40 spots from last year
-12.9 below state avg
2,878 students
Diverse
19 sports
• 1,326 athletes
Early College Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades 09-12
C+
Greater New Bedford Vocational Technical High School
4.0 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
Learn about these ratings
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
$817
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
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
268-270 Union St, New Bedford MA 02740
New Bedford, MA 02740
Listing Information
Listing Agent
Mington Tea
Listing Office
SmartHub Boston
Office Phone
617-706-4928
Agent MLS ID
CN226124
Office MLS ID
AN9465
Listing Data Updated
Aug 4, 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.
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