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!
| Units | 4 |
| Living area | 3,372 sqft |
| Lot size | 3,999 sqft |
| Year built | 1910 |
| Price / sqft | $237 |
| County | Bristol |
| MLS # | 73523133 |
| Days on market | 4 days |
| Listed on | May 22, 2026 |
| Annual property tax | $5,722 |
| Tax year | 2025 |
| Assessed value | $505,900 |
| Zoning | RC |
| Gross income (actual) | $32,400/yr |
| Net operating income (actual) | $32,400/yr |
| Total actual rent | $2,900/mo |
| Stories | 6 |
| Total rooms | 16 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Basement | Full |
| Foundation | Stone |
| Sewer | Public Sewer |
| Water | Public |
Listing courtesy of Ponte & Associates Real Estate Inc. — Taylor Khoury. Listing data © MLS PIN.
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It is a 4-unit multi-family property with 3,372 sqft of living area, built in 1910.
392-394 Shaw St, New Bedford MA 02745 has been listed for 4 days (since May 22, 2026).
Annual property taxes are $5,722 (2025), on an assessed value of $505,900.
At $799,999 for 3,372 sqft, that's about $237 per square foot.
2 total parking spaces.
392-394 Shaw St, New Bedford MA 02745 is in New Bedford, Bristol County, MA 02745.