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76 Cottage St - 76 Cottage, Whaling Mansion 4 Unit Apartment Building Offered at $879,000 at a 9.04% Cap Rate New Bedford, MA 02740
Executive Summary
Rare opportunity to own a beloved 4-family Whaling Captain’s home built in 1846 on the desirable West Side of New Bedford. Rich in history and architectural character, this property offers a rare blend of historic charm and rental income potential, making it an excellent owner-occupant or investor opportunity.Original details include hardwood floors, crown molding, velvet wallpaper, and high ceilings throughout the apartments.Two units feature private balconies overlooking a rose garden. The potential owner’s unit includes a renovated bathroom with double sinks, European fixtures, a glass walk-in shower, and in-unit washer and dryer. A shared basement laundry serves the other three units.Opportunity exists to expand an upper unit by ~1,000 sq ft by finishing the partially completed attic with existing plumbing and electrical.Additional features include a dry basement with four storage bays and a private driveway with parking for 2–3 cars.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Crown Molding
- Double Vanities
- Eat-in Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
- Carpet
- Basement
- Deck
- Dining Room
- Double Pane Windows
- Family Room
- Pantry
- Porch
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,750 | 1,500 |
| 1+1 | 2 | $1,750 | 900 |
| 1+1 | 3 | $1,638 | 900 |
| 1+1 | 4 | $2,750 | 900 |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | NEWB-000041-000000-000290 | Total Assessment | $757,500 |
| Land Assessment | $120,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $637,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
NEWB-000041-000000-000290
Land Assessment
$120,000
Improvements Assessment
$637,500
Total Assessment
$757,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Advise Realty
76 Cottage St - 76 Cottage, Whaling Mansion
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