About This Home

This 12-bedroom, 3-bathroom residential multi family at 39 Sycamore St in New Bedford, MA is listed for $699,000 ($300 per sqft). Built in 1876, the home offers 2,329 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1876
  • 0.09 acre lot
  • 5 stories

Property Details

5 stories
2 full, 2 half
1876
Listing Description

Discover an exceptional opportunity to acquire a high-performing, two-story, 12-room rooming house situated on a corner lot with a spacious backyard. Generating over $10,000 per month in rental income, this turnkey asset offers strong existing cash flow, an established management structure, and long-term upside, making it an ideal addition to any real estate portfolio.

The property features a practical layout distributed across two floors, comprising 12 rooms, 2 full bathrooms, and 2 half bathrooms, while the expansive backyard provides valuable outdoor space for residents. Positioned on a prominent corner lot, there is added flexibility to explore adding a driveway or dedicated off-street parking, subject to local zoning regulations and municipal approvals.

Investors will appreciate the established operation with a hands-on property manager overseeing day-to-day operations for a streamlined, hands-off ownership experience. Whether you are an experienced investor looking to scale your portfolio or seeking a reliable income-producing property with immediate return, this listing delivers a rare blend of stability and potential.

Strong cash flow, established management, and outstanding potential make this a versatile investment not to miss; buyer and buyer's agent to perform all due diligence regarding property details, square footage, room count, rental income, zoning, parking feasibility, and municipal approvals.

Monthly Cost Estimate

$3,738/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,029
Insurance$204

Estimates only. Actual payments may vary.

Location

39 Sycamore St

New Bedford, MA 02740

Questions & Answers

This 12-bedroom, 3-bathroom residential multi family at 39 Sycamore St is listed at $699,000 ($300/sqft). The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1876, 0.09 acre lot, 5 stories.

This property is listed by Clifford Ponte.

CP

Clifford Ponte

Agent at Keller Williams South Watuppa

Listed by Keller Williams South Watuppa · Broker phone: (508) 677-3233 · View on Broker Site

MLS# 73592513· Source: MLS Property Information Network Inc· 10 days on PropertySimple

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

39 Sycamore St, New Bedford, MA 02740

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