Zip Code
41 Lexington St, New Bedford, MA 02740
2 beds · 1 bath · 912 sq ft · Lot: 7,405 sq ft · Single Family Home · Built: 1962
Est. Value:
$355K
Est. Rent:
$3.7K/month

41 Lexington St New Bedford, MA 02740

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2 beds · 1 bath · 912 sq ft · Lot Size: 7,405 sq ft · Single Family Home
Est. Property Value: $354,623

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

41 Lexington St is in the 02740 neighborhood of New Bedford, MA. It is located in Bristol County and ZIP code 02740. This Single Family Home was built in 1962 and is approximately 63 years old. The single family home spans 912 sq ft with 2 bedrooms and 1 bathroom and sits on a 7405 sq ft lot. According to public records, it was sold for $172,100 and has a tax-assessed value of $335,350, which is $389 per sq ft. The 02740 area of New Bedford has 1 residential homes with an average size of 1112 sq ft. Analyze and compare real estate investment strategies for properties like this home at 41 Lexington St New Bedford, MA 02740 with Property Intel by Whitepages.

Investment Potential for 41 Lexington St

The property has a current estimated value of $354,623, which is 6% below the zip median, based on public records. It last sold for $172,100. Projected long-term
is $44,400 annually ($3,700 per month) with a 92% occupancy rate.

Discover more Single Family Homes in 02740.

Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
92%in 02740 zip code
 
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Owners & Occupancy for 41 Lexington St

This property is owned by Marilyn L Tavares. Owner contact information includes 1 phone number and 2 email addresses.

Property Owners

Residence***************
Landline(508) 992-0300
Distance from Property**********
Email Address************@yahoo.comView Email

Property Ownership Information

Property Tax Amount$3,703 in 2024
Purchase Price$172,100

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 83
Resident 2*************** age 39

Property Details for 41 Lexington St

Property Details

Property Sq Ft

Living Area

912 sq ft

16% below market

Lot Size

7,405 sq ft

42% above market

Price Per Sq Ft

Living Area

$389 / sq ft

15% above market

Lot Size Area

$48 / sq ft

34% below market

Property condition, age, exterior, etc. for 41 Lexingt…
Longitude: -70.952245 Latitude: 41.640388 Parcel Number (APN): NEWB-000062-000000-000084…
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Recommended Properties in 02740

Discover more single family homes near 41 Lexington St in New Bedford, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 41 Lexington St in Bristol County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$354,623
$446,970
-$92,347 (-21%)
$629,857
-$84,780 (-13%)
YoY Price Change
Year Built
1962
1952
10 years
Living Space
912 sq ft
1,176 sq ft
-264 (-22%)
$ Per Living Sq Ft
$389
$358
$31 (9%)
Lot Size
7,405 sq ft
11,326 sq ft
-3921 (-35%)
$ Per Lot Sq Ft
$48
$41
$7 (17%)

Net Operating Income
$31,533
$624 (2%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$13,029
-$786 (-6%)
Net Operating Income
$31,533
$624 (2%)
Cap Rate
6.88%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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