$874,995
115 Hillman St
New Bedford, MA, 02740
Turnkey 7-Unit with Cash Flow & Upside – Ideal for Investors. 115 Hillman Street is a fully occupied, well-kept 7-unit in the heart of New Bedford’s rental market. With six 1-bedrooms and one 2-bedroom, it delivers reliable income with immediate upside through modest rent adjustments. Current gross rent is $8,498/month ($101,976 annually) with market rents supporting $10,350/month ($124,200 annually)—unlocking ~$22K more per year. Fully occupied with tenants-at-will (plus one lease), separate utilities, and updated finishes in select units. Prime location offers walkability to downtown, transit, and amenities, ensuring steady demand. For investors scaling their portfolio, this asset combines turnkey operations, strong cash flow, and growth potential in New Bedford’s competitive market. All financials, rent roll, and profit & loss statements are available in the MLS attachments section. OPEN HOUSE: SUN (10/12), 12-2 PM.
Property Details
Price:
$874,995
MLS #:
73437249
Status:
Active
Beds:
8
Baths:
7
Address:
115 Hillman St
Type:
Multi Family
Subtype:
5-9 Family
City:
New Bedford
Listed Date:
Sep 30, 2025
State:
MA
Finished Sq Ft:
7,104
Total Sq Ft:
7,104
ZIP:
02740
Lot Size:
8,546 sqft / 0.20 acres (approx)
Year Built:
1900
Units:
7
Schools
Interior
Appliances
Range, Refrigerator
Bathrooms
7 Full Bathrooms
Flooring
Wood
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, Private School, Public School, T- Station, University
Construction Materials
Frame
Parking Spots
6
Roof
Other
Financial
Tax Year
2025
Taxes
$6,676
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Four Points Real Estate, LLC. 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.
115 Hillman St
New Bedford, MA
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