393 Pleasant St New Bedford MA 02740 MLS #73465645

393 Pleasant St
New Bedford, MA, 02740
$724,995
6 Beds
6 Baths
2,558 SqFt
0.05 Acres
$724,995
393 Pleasant St
New Bedford, MA, 02740
Open House Jan 18, 2026
12:00 – 02:00
Open House Jan 17, 2026
12:00 – 02:00
Turnkey 6-Unit Multifamily with Strong Cash Flow & Clear Upside. 393 Pleasant Street presents a rare opportunity to acquire a well-maintained 6-unit multifamily in the heart of New Bedford’s growing rental market. The property consists of six 1-bedroom / 1-bath units, offering in-place cash flow with upside through lease-up and rent optimization. The building currently produces approximately $66,228 in annual gross rent due to one vacant unit, while market rents support approximately $99,600 annually, allowing investors to increase income through a rent-to-market strategy. Projected NOI based on market rents is $76,631, providing attractive yield and long-term appreciation. The property features a consistent unit mix, solid layout, and updated exterior elements, making it efficient to manage and scale. Ideal for investors seeking predictable cash flow with value-add potential. OPEN HOUSE SCHEDULED FOR SATURDAY (1/17) AND SUNDAY (1/18) FROM 12-2 PM.

Property Details

Price:
$724,995
MLS #:
73465645
Status:
Active
Beds:
6
Baths:
6
Address:
393 Pleasant St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
New Bedford
Listed Date:
Jan 6, 2026
State:
MA
Finished Sq Ft:
2,558
Total Sq Ft:
2,558
ZIP:
02740
Lot Size:
2,191 sqft / 0.05 acres (approx)
Year Built:
1890
Units:
6

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
6 Full Bathrooms
Fireplaces Total
1
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 Features
Off Street
Roof
Other

Financial

Net Operating Income
$71,304
Tax Year
2025
Taxes
$5,862
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

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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393 Pleasant St
New Bedford, MA