115 Hillman St new Save Request In-Person Tour Request Virtual Tour
New Bedford,MA 02740
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,104 sqft
Price per Sqft $123
MLS Listing ID 73437249
Bedrooms 8
Full Baths 7
Year Built 1900
Annual Tax Amount $6,676
Tax Year 2025
Lot Size 8,712 Sqft
Property Sub-Type 5-9 Family
Property Description
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: SAT (10/4) & SUN (10/5), 2–4 PM.
Location
State MA
County Bristol
Zoning RA
Interior
Flooring Wood
Exterior
Garage Spaces 6.0
Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Laundromat,Conservation Area,House of Worship,Private School,Public School,T-Station,University
Roof Type Other
Building
Lot Description Other
Story 4
Foundation Granite
Sewer Public Sewer
Water Public