This spacious three-level four-family home in New Bedford presents a fantastic investment opportunity with remarkable rental potential. The first floor offers a generous five-bedroom unit, while the second floor mirrors with another five-bedroom apartment, each providing ample living space. The third floor includes two additional units—one with two bedrooms and the other is townhouse style offering two levels, six bedrooms and two bathrooms—making this property exceptionally versatile. The exterior features low-maintenance vinyl siding, and the home is conveniently located near major highways and historic downtown New Bedford, make it well-suited for investors seeking strong income potential!
Multi-familyProperty Type
1920Year Built
3,280 sq ftLot Size
$152Est. Price/Sq.Ft.
Listed by The Vision Group• Keller Williams South Watuppa
PLEASE FOLLOW SPECIAL SHOWING INSTRUCTIONS FOR BOX CODE. DO NOT CALL BROKER. Bank owned property in need of quite a bit of rehab, being sold as is and where is. Pre-approval/proof of funds required with all offers, minimum $1,000. deposit with all offers. Please allow 48 to 72 hours for response from seller M-F 9-5. Property is not considered under agreement until contract is fully executed.
MLS PIN #70157271
Jul 14, 2005
Sold
$350,000
$62/sq ft
May 10, 2005
Listing Removed
—
Mar 14, 2005
Listed
$349,900
$62/sq ft
Four unit building in great condition. Features two 4 bedroom units and two 2 bedroom units. Great for owner or investor.
MLS PIN #70108390
Dec 28, 2004
Sold
$280,000
$49/sq ft
Nov 12, 2004
Listing Removed
—
Oct 22, 2004
Listed
$289,900
$51/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$6,965 (+10.7%)
$61,800 + $425,600
$487,400
2022
$6,294 (+37.5%)
$56,400 + $348,600
$405,000
2021
$4,579 (+0.5%)
$56,400 + $237,300
$293,700
2020
$4,557 (+29.1%)
$53,100 + $228,900
$282,000
2019
$3,530 (+0.3%)
$53,100 + $161,200
$214,300
2018
$3,521 (+5.0%)
$53,100 + $158,600
$211,700
2017
$3,353 (+2.3%)
$53,100 + $147,800
$200,900
2016
$3,278 (+4.0%)
$54,800 + $144,000
$198,800
2015
$3,152 (+1.9%)
$56,400 + $144,000
$200,400
2014
$3,093 (+5.0%)
$56,400 + $147,600
$204,000
2013
$2,946 (−2.9%)
$68,800 + $136,800
$205,600
2012
$3,034 (−4.7%)
$70,700 + $149,800
$220,500
2011
$3,184 (+1.5%)
$72,600 + $174,600
$247,200
2010
$3,137 (−1.8%)
$80,300 + $180,500
$260,800
2009
$3,196
$78,600 + $200,500
$279,100
Tax history for 85 Rivet St
Year
Property tax
Land + Additions
Assessment*
2023
$6,965 (+10.7%)
$61,800 + $425,600
$487,400
2022
$6,294 (+37.5%)
$56,400 + $348,600
$405,000
2021
$4,579 (+0.5%)
$56,400 + $237,300
$293,700
2020
$4,557 (+29.1%)
$53,100 + $228,900
$282,000
2019
$3,530 (+0.3%)
$53,100 + $161,200
$214,300
2018
$3,521 (+5.0%)
$53,100 + $158,600
$211,700
2017
$3,353 (+2.3%)
$53,100 + $147,800
$200,900
2016
$3,278 (+4.0%)
$54,800 + $144,000
$198,800
2015
$3,152 (+1.9%)
$56,400 + $144,000
$200,400
2014
$3,093 (+5.0%)
$56,400 + $147,600
$204,000
2013
$2,946 (−2.9%)
$68,800 + $136,800
$205,600
2012
$3,034 (−4.7%)
$70,700 + $149,800
$220,500
2011
$3,184 (+1.5%)
$72,600 + $174,600
$247,200
2010
$3,137 (−1.8%)
$80,300 + $180,500
$260,800
2009
$3,196
$78,600 + $200,500
$279,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
12
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
5,477
Year built
1920
Style
Multi-Family (5+ Unit)
County
Bristol County
APN
2887452
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2023.
FHOD
Flood Hazard Overlay District
Ensure public safety through reducing the threats to life and personal injury; Eliminate new hazards to emergency response officials; Prevent the occurrence of public emergencies resulting from water quality, contamination, and pollution due to flooding; Avoid the loss of utility services which if damaged by flooding would disrupt or shut down the utility network and impact regions of the community beyond the site of flooding; Eliminate costs associated with the response and cleanup of flooding conditions; Reduce damage to public and private property resulting from flooding waters.
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Recreation
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 5
Interior Features
# of Rooms (Total): 34
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: N
Unit #4 Information
# of Levels: 2
# of Floors: 3
Exterior
Building Information
Building Area (Total): 5,678
Foundation Details: Stone, Granite
Stories (Total): 5
Year Built Source: Owner
Year Built Details: Approximate
Exterior Features
Patio And Porch Features: Porch
Property Information
PropertySubType: 4 Family
Lot Information
Lot Size (Acres): 0.08
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $6,138
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: Please use GPS
UnparsedAddress: 85 Rivet St, New Bedford MA 02744
Community Information
Senior CommunityYN: No
Public facts
Beds: 12
Baths: 4.0
Sq. Ft.: 5,477
Stories: 3.0
Lot Size: 3,485 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Bristol County
APN: 2887452
Home facts updated by county records on Aug 25, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Alfred J Gomes Elementary School
Public PreK-5 • Assigned • 0.3mi
5/10
Roosevelt Middle School
Public 6-8 • Assigned • 0.9mi
3/10
New Bedford High School
Public 9-12 • Assigned • 2.1mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 94° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
New Bedford, MA • 02744
Average low and high temperatures (°F)
36
24
37
24
47
34
55
42
64
52
75
61
79
68
75
61
72
58
63
49
53
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.