393 Pleasant St, New Bedford MA 02740

New Bedford, MA 02740

$724,995

Est. $4,354/month

6

Beds

6

Baths

2,558

Sq Ft

$283

Price/Sq Ft

0.05

Acres

1890

Year Built

5+ Family - 5+ Units Up/Down

Type

2

Days on Market

Active Open House Listed Jan 6, 2026 • MLS# 73465645 Copied!

About this home

Turnkey 6-Unit Multifamily with Strong Cash Flow & Clear Upside. 393 Pleasant Street presents a rare opportunity to acquire a well-maintained 6-unit multifamily in the heart of New Bedford’s growing rental market. The property consists of six 1-bedroom / 1-bath units, offering in-place cash flow with upside through lease-up and rent optimization. The building currently produces approximately $66,228 in annual gross rent due to one vacant unit, while market rents support approximately $99,600 annually, allowing investors to increase income through a rent-to-market strategy. Projected NOI based on market rents is $76,631, providing attractive yield and long-term appreciation. The property features a consistent unit mix, solid layout, and updated exterior elements, making it efficient to manage and scale. Ideal for investors seeking predictable cash flow with value-add potential. OPEN HOUSE SCHEDULED FOR SATURDAY (1/10) AND SUNDAY (1/11) FROM 12-2 PM.

Property Overview

Property Type

5+ Family - 5+ Units Up/Down

Listing Type

For Sale

Year Built

1890

Bedrooms

6

Full Bathrooms

6

Living Area

2,558 sq ft

Total Rooms

15

Stories

4

Levels

4

Open House Schedule

11

Jan

Sunday, January 11

12:00 PM - 2:00 PM EST

10

Jan

Saturday, January 10

12:00 PM - 2:00 PM EST

Facts & Features

Home Facts

Type Residential Income

Style 5+ Family - 5+ Units Up/Down

Year Built 1890

Living Area 2,558 sq ft

Lot Size 0.05 acres

Bedrooms 6

Full Baths 6

Total Rooms 15

Interior

Heating None

Cooling None

Flooring Wood

Appliances Range, Refrigerator

Fireplace None

Fireplaces 1

Basement Unfinished

Laundry None

Features Living Room, Kitchen

Exterior

Construction Frame

Architecture None

Roof Other

Features None

Pool None

Spa None

Fencing Fenced/enclosed

Patio/Porch Porch, Deck - Wood

Parking

Features Off Street

Utilities

Electric Individually Metered

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $5,862

Assessed Value $518,300

Interior Features

Flooring: Wood

Appliances: Range, Refrigerator

Interior Features: Living Room, Kitchen

Windows:

Basement: Unfinished

Laundry:

Security:

Construction & Materials

Year Built: 1890

Structure Type:

Exterior Materials: Frame

Roof: Other

Foundation: Granite

Stories: 4

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water: Natural Gas

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch: Porch, Deck - Wood

Fencing: Fenced/Enclosed

Other Structures:

Lot Features: Level, Other

Road Surface: Paved

Parking & Garage

Parking Features: Off Street

Special Features

Fireplaces: 1

Fireplace Type:

Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T-Station, University

Location

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Neighborhood

393 Pleasant St, New Bedford MA 02740

New Bedford, MA 02740

Walkability

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Nearby Schools

School District

New Bedford School District local

🎓 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

E

Elementary Schools

3 schools

St. James-St. John School

0.3 mi

Grades PK-08

C-

Alfred J Gomes School

0.4 mi | #676 of 824 | Score: 37.1

Improved 102 spots from last year

-21.1 below state avg

623 students Moderate

Grades PK-05

C-

Sgt. William H. Carney Memorial Academy Elementary School

0.4 mi | #706 of 824 | Score: 35.2

Improved 110 spots from last year

-23 below state avg

618 students Very Diverse

Diverse Student Body

Grades K-05

M

Middle Schools

3 schools

Nativity Prep School

< 0.1 mi

Grades 05-08

Our Sisters' School

1.5 mi

Grades 05-06

C-

Keith Middle School

1.5 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

H

High Schools

3 schools

F

Whaling City Junior/Senior High School

0.3 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

1.3 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 Career Tech Programs College Ready Curriculum Strong Athletics

Grades 09-12

C+

Fairhaven High School

1.4 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

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Property History

Property Timeline

🏠

Listed for Sale

Jan 6, 2026

$724,995

Original listing

Agent: Candor Investment Group Office: eXp Realty

Date	Event	Price	Change	$/sqft	Details
01/06/2026	🏠 Listed for Sale	$724,995	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jan 6, 2026	New Listing Added	$724,995	—

Market Statistics

Days on Market

2 days

Price per Sq Ft

$283

Tax History

Year	Taxes	Assessment
2025	$5,862	$518,300

Financial Details

Annual Property Tax

$5,862

Tax Year 2025

Assessed Value

$518,300

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High Schools

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393 Pleasant St, New Bedford MA 02740

About this home

Property Overview

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Home Facts

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Parking

Utilities

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Interior Features

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Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

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