Rare opportunity to own a beautifully updated 3-family home in the heart of New Bedford—perfect for savvy investors or owner-occupants seeking cash flow and long-term value! Ideally located just minutes from the new commuter rail station, highways, restaurants, vibrant nightlife, and the ocean. All three units have been tastefully renovated with modern kitchens featuring granite countertops & white shaker cabinets, updated plumbing & electrical throughout, mini split for heat & AC, and stunning hardwood floors in all three units. Soaring ceilings, vinyl double-pane windows, and excellent insulation offer comfort and efficiency. Roof replaced just 7 years ago! The second and third floors are currently rented TAW at below-market rates, offering major upside potential. With separate utilities and laundry hookups in the basement, this turn-key property is a standout in today’s market. Don’t let this incredible multi-family gem slip away! OFFER DEADLINE MONDAY at 3 PM
Sold for $702,000
$702,000
1037 Cove Rd, New Bedford, MA 02744
9beds
3,861sqft
3 Family
Built in 1909
-- sqft lot
$732,600 Zestimate®
$182/sqft
$2,018 Estimated rent
Home value
$732,600
$659,000 - $813,000
$2,018/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 08, 2025 at 03:41am
Listed by:
Lucas Nogueira 508-567-7149,
RE/MAX Real Estate Center 508-823-2700
Bought with:
Mission Realty Advisors
Compass
Source: MLS PIN,MLS#: 73368251
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: Electric Dryer Hookup
Features
- Flooring: Hardwood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,861
- Total interior livable area: 3,861 sqft
- Finished area above ground: 3,861
- Finished area below ground: 1,287
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City View(s), Water, Ocean, Public Water View
- Has water view: Yes
- Water view: Ocean,Public,Water
- Waterfront features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.06 sqft
- Features: Corner Lot
Details
- Parcel number: 2884430
- Zoning: RC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1909
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Public School, T-Station
Location
- Region: New Bedford
HOA & financial
Other financial information
- Total actual rent: 3800
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $702,000+8%$182/sqft |
Source: MLS PIN #73368251 Report a problem | ||
| 5/7/2025 | Contingent | $649,900$168/sqft |
Source: MLS PIN #73368251 Report a problem | ||
| 5/1/2025 | Listed for sale | $649,900+549.9%$168/sqft |
Source: MLS PIN #73368251 Report a problem | ||
| 9/3/2021 | Sold | $100,000-39.4%$26/sqft |
Source: Public Record Report a problem | ||
| 6/30/2017 | Sold | $165,000-5.7%$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,104 +19.8% | $539,700 +27.1% |
| 2024 | $5,096 +12.3% | $424,700 +33.8% |
| 2023 | $4,537 +10.3% | $317,500 +19.9% |
Find assessor info on the county website
Neighborhood: 02744
Nearby schools
GreatSchools rating
- 3/10Irwin M. Jacobs Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Roosevelt Middle SchoolGrades: 6-8Distance: 0.6 mi
- 2/10New Bedford High SchoolGrades: 9-12Distance: 2.5 mi
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