Multi Family at 309 Cottage St, New Bedford MA 02740, New Bedford
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18 photos

$370,000

309 Cottage St, New Bedford MA 02740
New Bedford, MA 02740
Listed by The Mathew J. Arruda Group
Bedrooms
4
Bathrooms
2
Living area
1,234 sqft
Year built
1873

About this home

Located on a fenced-in corner lot, 309 Cottage Street presents a high-utility opportunity for portfolio investors and owner-occupants seeking a value-add entry into the New Bedford market. This two-family residence is being delivered completely vacant, offering a clean slate for immediate modernization. It’s the perfect canvas for those looking to bring their vision to a property with significant upside potential. Each unit features a consistent two-bedroom layout designed for functional living. The first-floor apartment offers a distinct lifestyle advantage with a private deck that leads directly to the backyard, while the exterior is wrapped in low-maintenance vinyl siding to help streamline future upkeep. While the interior is ready for a full aesthetic refresh, the bones of this home provide a solid foundation for a custom renovation that could maximize both equity and rental yields. By leveraging the area’s strong rental demand through targeted updates, you can maximize your equity and secure a robust long-term asset.

Highlights

Fireplace

Property details

MLS #
73572830
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
17
On market date
September 8, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.07 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Sgt Wm H Carney Academy
0.15 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
607
Student:teacher ratio
11.2:1
District
New Bedford
Middle
Keith Middle School
0.98 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
Whaling City Junior/Senior High School
0.26 mi away · Grades 7-12
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
67
Student:teacher ratio
4.5:1
District
New Bedford

Walkability

Blended score for New Bedford's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
15.3 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores12
Parks15
Schools20
Transit stops20
Pharmacies10

Market position

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

On the market 17 days -- 105 fewer days than New Bedford's current average of 122 days.
For reference, the median list price across 523 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
$2,378/mo
$74,000 down
$296,000 loan
Principal & interest$1,920
Property tax (est.)$308
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 14 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.