4 months on rocket

147 8th St, New Bedford, MA, 02740

$1,300,000

Home List Price

$10,000*

Closing Credit

17 Bedrooms
7 Full Baths, 1 Partial
5,729 SqFt
$227/SqFt
Multi

Location

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147 8th St, New Bedford$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1870
HeatingHot Water, Natural Gas
BasementYes
WaterfrontBeach, Ocean Front
MLS #73269285
Lot Size0.10 Acres
StatusActive

About 147 8th St

Fantastic Investment Opportunity! CASH COW!!! $188,000 ANNUAL INCOME! Exceptional investment opportunity with a diverse range of possibilities for usage of this property. Currently operating as a licensed 17 unit rooming house in close proximity to the train station, downtown amenities, shopping, medical, highway, schools & much more! This gorgeous property features 7 1/2 bathrooms, 2, 1-br apartments, 9 full kitchen, (2) coin-op laundry services in basement/Coke machine (as is condition). Brand new sprinkler system, new fire escape, a new 200 amp electric service, roof approx 11 years old, newer heating systems and hot water tanks. Solid/steady rental history - fully occupied as of July 2024 (weekly and monthly incomes). Expense data/rent roll are available upon request. Serious buyers only. Seller anticipates completing a 1031 Tax Exchange of relinquished property. Prospective buyers should consult with their lender(s) prior to making an appointment.

Property Details

Property Features

Property Information:

  • Year Built: 1870
  • Living Area: 5,729 SqFt

Listing Office:

  • Office Name: Venture
  • Office Phone: (617) 340-9770
  • Listing Agent: Janice Hathaway

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Wood, Varies

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 7
  • Total Bedroom Count: 17

Exterior Features

Exterior Information:

  • Waterfront: Beach, Ocean Front
  • Exterior: Rain Gutters

Lot Features

Lot Information:

  • Lot: Cleared, Gentle Sloping
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas

Other

Directions Information:

  • Directions: At the top of 8th/Mechanic's Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000
  • Price Per SqFt: $227/SqFt

Tax Information:

  • Annual Amount: $6,626
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New Bedford, MA.

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New Bedford, MA

City

Med. Sold Price

$445.2K

Med. Price/SqFt

$242

Avg. Days On Market

30

# of Sold Homes

42

147 8th St vs New Bedford

145 DAYS ON ROCKET

+115 Days

$1,300,000

+$854.7K More

$227/SqFt

-$15 Less

KEY TAKEAWAY

This property is $854.7K more than the Median Sold Price and $15/SqFt less than other homes in New Bedford, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73269285

Listing Office:

  • Office Name: Venture
  • Office Phone: (617) 340-9770
  • Listing Agent: Janice Hathaway

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,626$425,000
2020$7,020$434,400
2019$6,540$397,100
2018$6,604$397,100
2017$6,628$397,100

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4339470
3
/10

  • Sgt. William Carney Memorial Academy Elementary School

  • 247 Elm St

  • 0.15 miles

  • Public District Grades PK-5

school-card-donut-4339471
4
/10

  • Ellen R. Hathaway Elementary School

  • 256 Court St

  • 0.55 miles

  • Public District Grades PK-5

school-card-donut-4339472
3
/10

  • John A. Parker Elementary School

  • 705 County St

  • 0.63 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,951. Residents of New Bedford, MA typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In New Bedford, MA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in New Bedford, MA?

New Bedford's housing market is diverse, offering a mix of architectural styles that reflect its rich history and cultural heritage. The area is known for its charming colonial and Victorian homes, as well as more contemporary designs. A significant portion of the housing stock dates back to the early 20th century, giving the city a historic feel. The market is balanced with a mix of homeownership and rental opportunities, accommodating a variety of preferences and budgets.

Is New Bedford, MA a good place to live?

New Bedford prides itself on its vibrant maritime history and cultural scene. The community's character is deeply intertwined with the fishing industry, and the city is celebrated for its annual Working Waterfront Festival. Residents enjoy a blend of urban amenities and seaside charm, with the presence of art galleries, museums, and the New Bedford Whaling National Historical Park contributing to the city's unique identity.

Are things conveniently located in New Bedford, MA?

The city of New Bedford provides a range of essential services to its residents. The educational system includes several public schools at the elementary, middle, and high school levels, as well as private educational options. Healthcare is accessible through local clinics and a regional hospital that offers a variety of services. The public library system is robust, supporting lifelong learning and community engagement. Retail and dining establishments reflect the local culture, with an emphasis on seafood and regional cuisine.

What does the transportation in New Bedford, MA look like?

Transportation in New Bedford is facilitated by a network of roads and highways, including Interstate 195, which connects the city to the rest of the state and beyond. Public transit options are available, with bus services providing connectivity within the city and to neighboring areas. The city is moderately walkable, particularly in the downtown area, which is also bike-friendly. Ride-sharing services are present, offering an alternative mode of transportation for residents and visitors.

Rocket Homes›Massachusetts›Bristol County›New Bedford›02740›147 8th St

This home is located at 147 8th St in New Bedford, MA and zip code 02740. This 5,729 square foot home, which was built in 1870, sits on a 0.10 acre lot. Features: 17 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $1,300,000.

In November 2024 more than 22 listings in New Bedford, MA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 19 were sold below. In November 2024 in New Bedford, MA there were 16.7% less homes for sale than in October 2024. Listings spent 30 days on the market in November 2024, and had a median list price of $445,207 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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