4 Family at 392-394 Shaw St, New Bedford MA 02745, New Bedford
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$789,999

392-394 Shaw St, New Bedford MA 02745
New Bedford, MA 02745
Listed by Taylor Khoury
Bedrooms
8
Bathrooms
4
Living area
3,372 sqft
Year built
1910

About this home

Multi-Family Opportunity in the Heart of New Bedford! Perfectly located near the brand-new train station, this income-producing property is ready for its next owner to start cash flowing from day one. Featuring numerous recent upgrades throughout, this well-maintained multi-family home offers the ideal blend of modern updates and long-term investment potential. Each unit has been thoughtfully cared for, making this a true move-in-ready property for both investors and owner-occupants alike. Outside, enjoy a spacious backyard designed for entertaining, relaxing, or hosting summer gatherings. The property also includes two off-street parking spaces. An added highlight is the unfinished attic space, offering exciting potential for a possible 5th unit expansion or additional living space, subject to buyer due diligence and city approvals. This opens the door for even greater income potential and future value growth. Schedule your showing today!

Property details

MLS #
73523133
Property type
4 Family
Subdivision
N/A
Status
Active
Days on market
135
On market date
May 22, 2026
Stories
6
Total bathrooms
4
Garage spaces
N/A
Parking spaces
2
Lot size
0.09 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
Abraham Lincoln
0.15 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
648
Student:teacher ratio
13.8:1
District
New Bedford
Middle
Normandin Middle School
0.76 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,112
Student:teacher ratio
13.6:1
District
New Bedford
HighCharter
Global Learning Charter Public School
0.81 mi away · Grades 5-12
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
504
Student:teacher ratio
11.5:1
District
Global Learning Charter Public (District)

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).

84
Highly walkable
out of 100
EPA National Walkability Index
14.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks8
Schools10
Transit stops20
Pharmacies8

Market position

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

On the market 135 days -- 8 more days than New Bedford's current average of 127 days.
For reference, the median list price across 532 active listings in New Bedford right now is $429,950.

Mortgage calculator

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

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Est. monthly payment
$4,907/mo
$158,000 down
$631,999 loan
Principal & interest$4,099
Property tax (est.)$658
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 23, 2026.

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.