38 Nelson Street

New Bedford, MA 02744

$249,900
Price
6
Beds
3
Baths
2,600 Sq. Ft.
$96 / Sq. Ft.
2,600
Sq. Ft.
$96
per Sq. Ft.

Description

Conveniently located South End three family home near the water with tons of potential as an investment or owner occupied property. All three units are currently rented for below market rents with tenant at will agreements. Great opportunity to get into this income property at a low price and build some sweat equity by making updates that will increase the value of the home and income from rent.

Property Details for 38 Nelson Street

Town
New Bedford
Garage Spaces
0
Parking Spaces
4
Parking Spaces Total
4

Location

Listing Courtesy of Realty World Related Realty Group, Nicholas Medis

Property Details for 38 Nelson Street

StatusActive
MLS #72826458
Days on Market46
Taxes$2,913.65 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1890
CountyBristol County

Contact a Compass agent

Location

Listing Courtesy of Realty World Related Realty Group, Nicholas Medis

Building Information for 38 Nelson Street

Stories6Residences3Year Built1890Building Size-Lot Size0.08 AC / 3,267 SF

Payment Calculator

$1,080 per month

30 year fixed, 2.95% Interest

Principal and Interest

$837

Property Taxes

$243

HOA Dues

$0

Property Information for 38 Nelson Street

General Details
    Property Details
  • Property Type: Multi-family
  • Multi Family Type: 3 Family
  • Basement Info: Y
  • Waterfront: No
  • Color: Green
  • Total Units: 3
Features
    Interior Features
  • Basement Features: Full
  • Num of Full Baths: 3.0
  • Num of Half Baths: 0.0
  • Fireplaces: 0
    Exterior Features
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch
  • Lot Description: Paved Drive
  • Roof Material: Asphalt/Fiberglass Shingles
    Parking Features
  • Parking Features: Off-Street
    Utilities
  • Electric: Fuses
  • Energy Features: Insulated Windows
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: City/Town Water
Property Information
    Property Info
  • Acres: .07
  • Road Type: Public, Paved
    Tax Information
  • Assessments: $180,300
  • Tax ID: 2885225
  • Tax Year: 2020
  • Taxes: $2,914
  • Zoning: RC
Building / Association Information
    Living Characteristics
  • Beds Total: 6
  • Total Full Bathrooms: 3
  • Total Half Bathrooms: 0
  • Total Floors: 6
  • Total Rooms: 13
  • Total Levels: 3
    Other Building Characteristics
  • Levels: 3
  • Total Fireplaces: 0
  • Foundation: Fieldstone
  • Foundation Size: irr
    Income / Expenses
  • GOI: $19,800
  • NOI: $19,800
  • Rent: $1,650
  • RMS: 13
Unit Information
    Unit 1 Description
  • Bedrooms U1: 2
  • Floor U1: 1
  • Fireplaces U1: 0
  • Full Baths U1: 1
  • Half Baths U1: 0
  • Lease U1: N
  • Levels U1: 1
  • Rent U1: 600
  • Rooms U1: 5
    Unit 2 Description
  • Bedrooms U2: 2
  • Floor U2: 2
  • Fireplaces U2: 0
  • Full Baths U2: 1
  • Half Baths U2: 0
  • Lease U2: N
  • Levels U2: 1
  • Rent U2: 550
  • Rooms U2: 4
    Unit 3 Description
  • Bedrooms U3: 2
  • Floor U3: 3
  • Fireplaces U3: 0
  • Full Baths U3: 1
  • Half Baths U3: 0
  • Lease U3: N
  • Levels U3: 1
  • Rent U3: 500
  • Rooms U3: 4

Property History for 38 Nelson Street

DateEvent & SourcePriceAppreciation
May 5, 2021

Listed (Active)

MLS PIN #72826458

$249,900
Mar 15, 2021

Canceled

MLS PIN #72780396

Jan 29, 2021

Listed (Active)

MLS PIN #72780396

$275,000
DateEvent & SourcePrice
05/05/2021

Listed (Active)

MLS PIN #72826458

$249,900
03/15/2021

Canceled

MLS PIN #72780396

01/29/2021

Listed (Active)

MLS PIN #72780396

$275,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38 Nelson Street

Taxable ValueLand$53,100Additions$127,200Total$180,300
Tax Record2020$2,914 ($243 / month)
Home Facts
Baths3Total Finished SqFt2,949 SqFtAbove Grade Finished SqFt2,101 SqFtFinished Basement SqFt848 SqFtUnfinished Basement SqFt848 SqFtStories3Lot Size3,267 SqFtStyleTriplexYear Built1890ZoningRCCountyBRISTOLAPNNEWB M:0020 L:0048

Schools near 38 Nelson Street


SchoolTypeGradesDistanceRating
John B DevallesPublicK-50.3 mi
4
Our Lady of Mount Carmel SchoolPrivatePK-80.3 mi
NR
Roosevelt Middle SchoolPublic6-80.8 mi
2
St James & St John SchoolPrivatePK-80.9 mi
NR

John B Devalles

K-5, 0.3 mi, Public

4

Our Lady of Mount Carmel School

PK-8, 0.3 mi, Private

NR

Roosevelt Middle School

6-8, 0.8 mi, Public

2

St James & St John School

PK-8, 0.9 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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38 Nelson Street is a multi-family home for sale in New Bedford, MA 02744. This property was listed for sale on May 5, 2021 by Realty World Related Realty Group at $249,900. It has been on the market for a total of 47 days and was last sold on March 29, 2002. This listing's school district is New Bedford School District. Nearby schools include John B Devalles, Our Lady of Mount Carmel School and Roosevelt Middle School. 38 Nelson Street is a 6-bed, 3-bath, 2,600 sqft multi-family home built in 1890. This address can also be written as 38 Nelson St.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty World Related Realty Group, Nicholas Medis

The property listing data and information, or the images, 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, and the images, 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, or as to the accuracy of any of the images, set forth herein.