3 Family - 3 Units Up/Down at 106 Richmond St, New Bedford MA 02740, New Bedford
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$849,000

106 Richmond St, New Bedford MA 02740
New Bedford, MA 02740
Listed by Kade Phillips
Bedrooms
11
Bathrooms
4
Living area
3,390 sqft
Year built
1913

About this home

Welcome to 106 Richmond St, New Bedford, a spacious multi-family property offering strong income potential in one of the South Coast’s active investment markets. This 3-family property features an additional finished bonus unit in the basement, recently completed with new finishes throughout. Units 1, 2, and 3 each offer generous 3-bedroom layouts, while the finished basement bonus unit features 2 bedrooms, providing added versatility and space. All units are currently occupied and are well maintained, making this an attractive opportunity for an investor looking to add a high-producing property to their portfolio. Situated on a corner lot with the added convenience of a driveway for off-street parking, this property checks several key boxes for multi-family ownership. Spacious units, strong occupancy, additional finished space, and a desirable New Bedford location combine to create a compelling investment opportunity. Bring your portfolio to the next level with 106 Richmond St!

Property details

MLS #
73583082
Property type
3 Family - 3 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
1
On market date
September 27, 2026
Stories
4
Total bathrooms
4
Garage spaces
N/A
Parking spaces
4
Lot size
0.06 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
John Avery Parker
0.38 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
226
Student:teacher ratio
11.3:1
District
New Bedford
Middle
Keith Middle School
0.59 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
938
Student:teacher ratio
10.8:1
District
New Bedford
High
New Bedford High
0.44 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,890
Student:teacher ratio
15.1:1
District
New Bedford

Walkability

Blended score for New Bedford's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores13
Parks10
Schools18
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in New Bedford, from live MLS data.

On the market 1 days -- 124 fewer days than New Bedford's current average of 125 days.
For reference, the median list price across 522 active listings in New Bedford right now is $430,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,263/mo
$169,800 down
$679,200 loan
Principal & interest$4,405
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.