49 Nelson St, New Bedford MA 02744
New Bedford, MA 02744
$779,900
Est. $4,630/month
About this home
49 Nelson Street presents a strong six-unit multifamily opportunity in Fall River with in-place income and established occupancy.The property offers six 2-bedroom $7150/month, or $85800 annually. With 12 bedrooms, 6 baths, and 4044 sq. ft.,the building also features separately metered units, supporting cleaner utility responsibility and investor underwriting. Conveniently located in the South End of New Bedford with easy highway access and walking distance to beach and pier New Bedford Harbor Walk. this income-producing asset offers immediate rental performance with room for continued long-term ownership upside. Buyer to verify all information and perform due diligence. Rent Roll/unit Details: Unit 1N: $1200, TAW; Unit 1S: $900, TAW; Unit 2N: $1300, Lease; Unit 2S: $1250, TAW; Unit 3N: $1250, TAW; Unit 3S: $1250, Lease
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Property History
Property Timeline
Listed for Sale
Aug 3, 2026
$779,900
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/03/2026 | 🏠 Listed for Sale | $779,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,834 | $515,800 |
Financial Details
Annual Property Tax
$5,834
Tax Year 2025
Assessed Value
$515,800
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1892
Living Area
4,044 sq ft
Lot Size
0.07 acres
Bedrooms
12
Full Baths
6
Total Rooms
25
Investment Metrics
Units
6
Unit 1 Rent
$1,200/mo · N
Unit 2 Rent
$900/mo · N
Unit 3 Rent
$1,300/mo · Y
Unit 4 Rent
$1,250/mo · N
Total Monthly Rent
$4,650/mo
Gross Income
$70,800
Net Operating Income
$70,800
Cap Rate
9.08%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
1
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
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,834
Assessed Value
$515,800
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
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1892
Bedrooms
12
Full Bathrooms
6
Living Area
4,044 sq ft
Total Rooms
25
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,044 sq ft above grade
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:
1892
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Parking Features:
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Highway Access
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
St. James-St. John School
0.9 mi
Grades PK-08
Holy Family-Holy Name School
1.5 mi
Grades PK-08
B+
Trinity Day Academy
1.7 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
1.8 mi
Grades K-12
C
Global Learning Charter Public School
3.0 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
3.1 mi
Grades PK-12
C+
Alma del Mar Charter School
3.4 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
4.6 mi
Grades PK-08
C-
John B Devalles School
0.3 mi
|
#722 of 824
|
Score: 34.1
Improved 107 spots from last year
-24.1 below state avg
292 students
Diverse
Rising School
Diverse Student Body
Grades K-05
B-
James B Congdon School
0.5 mi
|
#488 of 824
|
Score: 45.0
Dropped 6 spots from last year
-13.2 below state avg
299 students
Diverse
Diverse Student Body
Grades K-05
Middle Schools
5 schools
Nativity Prep School
1.1 mi
Grades 05-08
Our Sisters' School
1.7 mi
Grades 05-06
C-
Roosevelt Middle School
0.8 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-
Keith Middle School
2.4 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-
Normandin Middle School
4.5 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
1.3 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
2.2 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
5.2 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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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
49 Nelson St, New Bedford MA 02744
New Bedford, MA 02744
Listing Information
Listing Agent
Lyndsey Pachon
Listing Office
Lyndsey Pachon
Office Phone
508-536-3527
Agent MLS ID
CN227713
Office MLS ID
AN4381
Listing Data Updated
Aug 3, 2026 5:17 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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