Active
1 Days on market
309 Cottage St New Bedford — Photo 1 of 18

309 Cottage St New Bedford — Photo 1 of 18

$370,000

309 Cottage St, New Bedford, MA 02740

New Bedford, MA 02740 — West

Beds

4

Baths

2

SqFt

1,234

Style

Multi Family

Built

1873

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$300/sqft
Local Avg (New Bedford)$280/sqft
7% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within New Bedford, MA.

Property Details

Financials

Original Price$370,000
Annual Taxes$3,923

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms8
FireplacesNone
FlooringCarpet, Varies, Laminate, Hardwood
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingCentral, Unit Control, Space Heater
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite
ZoningRC

Property & Lot

Acres0.07
SqFt Lot2,997
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Population

46,281

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$55K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

60.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,041 housing units permitted in the last 12 months (+36% vs the prior 12 months) — 481 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: The Mathew J. Arruda Group

Listing Office: Compass

MLS® Number: 73572830

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