393 Pleasant Street, New Bedford MA 02740

New Bedford, MA 02740

$700,000

$690,000

Est. $4,242/month

6

Beds

6

Baths

2,558

Sq Ft

$270

Price/Sq Ft

0.10

Acres

1890

Year Built

5+ Family - 5+ Units Up/Down

Type

61

Days on Market

Active Price Drop -$10,000 Listed May 13, 2026 • MLS# 73517639 Copied! • Updated Jul 5, 2026

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About this home

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 393 Pleasant Street in New Bedford, MA. The multi-story building contains four (4) 1-Bedroom/1-Bathroom units and two (2) Studio units with 2,558 square feet of gross living area in 4,326 square feet of gross area. The Property is situated upon a 0.05-acre parcel and features on-street parking spaces.

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Property History

Market Insights

1

Price Changes

1.4%

Price Range

Property Timeline

↓

Price Reduced

Jul 1, 2026

$690,000 $10,000 (-1.43%)

From $700,000 to $690,000 (-1.4%)

🏠

Listed for Sale

May 13, 2026

$700,000

Original listing

Agent: Spencer Smith Office: Horvath & Tremblay

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
07/01/2026	↓ Price Reduced	$690,000	$10,000	-	From $700,000 to $690,000 (-1.4%)
05/13/2026	🏠 Listed for Sale	$700,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$6,637	$594,200

Financial Details

Annual Property Tax

$6,637

Tax Year 2025

Assessed Value

$594,200

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 0.10 acres

Bedrooms 6

Full Baths 6

Total Rooms 10

Investment Metrics

Units 6

Unit 1 Rent $750/mo · Y

Unit 2 Rent $1,174/mo · Y

Unit 3 Rent $1,300/mo · Y

Unit 4 Rent $1,000/mo · Y

Total Monthly Rent $4,224/mo

Gross Income $78,848

Net Operating Income $56,770

Operating Expenses $22,079

Water/Sewer Expense $5,038

Electric Expense $1,223

Insurance Expense $6,000

Cap Rate 8.23%

Interior

Heating Natural Gas

Cooling Window Unit(s)

Flooring None

Appliances Oven, Dishwasher, Refrigerator, Microwave

Fireplace None

Basement Full

Laundry None

Features Living Room, Kitchen, Family Room

Exterior

Construction None

Architecture None

Roof Shingle

Features None

Pool None

Spa None

Fencing None

Patio/Porch Porch, Enclosed, Covered

Parking

Features Paved Drive

Utilities

Electric Common, Individually Metered

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $6,637

Assessed Value $594,200

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type []

Sq Ft Source Public Record

Documents None

County Bristol

Total market time (incl. prior listings) 53 days

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

10

Stories

5

Levels

5

Room Details

Other Floor

Bathroom1

Bedroom5

Bedroom4

Bedroom3

Dining Room

Kitchen

Bathroom2

Bedroom2

Living Room

Bathroom3

Master Bedroom

Office

Family Room

Master Bathroom

Interior Features

Flooring:

Appliances: Oven, Dishwasher, Refrigerator, Microwave

Interior Features: Living Room, Kitchen, Family Room

Windows:

Basement: Full

Laundry:

Security:

Construction & Materials

Year Built: 1890

Structure Type:

Exterior Materials:

Roof: Shingle

Foundation: Concrete Perimeter

Stories: 5

Heating, Cooling & Utilities

Heating: Natural Gas

Cooling: Window Unit(s)

Hot Water: Natural Gas

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch: Porch, Enclosed, Covered

Fencing:

Other Structures:

Lot Features: Wooded

Road Surface:

Parking & Garage

Parking Features: Paved Drive

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

E

Elementary Schools

10 schools

St. James-St. John School

0.3 mi

Grades PK-08

Holy Family-Holy Name School

0.5 mi

Grades PK-08

Child and Family Services

0.8 mi

Grades K-12

B+

Trinity Day Academy

0.8 mi | #149 of 346 | Score: 72.4

Same rank as last year

93 students Diverse

College Ready Curriculum Diverse Student Body

Grades 04-12

C

Global Learning Charter Public School

1.9 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

C+

Alma del Mar Charter School

2.3 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

Nazarene Christian Academy

2.3 mi

Grades PK-12

All Saints Catholic School

3.6 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

Rising School

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

Rising School Diverse Student Body

Grades K-05

M

Middle Schools

5 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

C-

Roosevelt Middle School

1.7 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

3.4 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

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 Rising School Career Tech Programs College Ready Curriculum

Grades 09-12

C+

Greater New Bedford Vocational Technical High School

4.1 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

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Neighborhood

393 Pleasant Street, New Bedford MA 02740

New Bedford, MA 02740

Listing Information

Listing Agent Spencer Smith

Listing Office Horvath & Tremblay

Office Phone 781-776-4000

Agent MLS ID CN247171

Office MLS ID AN2723

Listing Data Updated Jul 5, 2026 3:07 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

Steven Novak

BMN Boston Real Estate

(617) 955-2224 mail@steve-novak.com

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