Presenting a prime investment opportunity at 531 Rivet Street, New Bedford, MA 02740. Each unit offers two bedrooms and one bathroom, making it ideal for rental income or multi-generational living. The property features vinyl siding, replacement windows, and a two-year-old roof—ensuring durability and reduced maintenance costs. Additional amenities include off-street parking for three vehicles and washer/dryer hookups in each unit. Situated on a corner lot just one block east of Dartmouth Street, the location provides convenient access to public transportation, shopping, parks, and schools.Don’t miss out on this exceptional investment in a thriving community. The first-floor unit will be delivered vacant.
Sold for $570,000
$570,000
531 Rivet St, New Bedford, MA 02740
6beds
2,750sqft
3 Family
Built in 1892
-- sqft lot
$592,700 Zestimate®
$207/sqft
$2,105 Estimated rent
Home value
$592,700
$539,000 - $652,000
$2,105/mo
Zestimate® history
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$3,442/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: August 30, 2025 at 08:05am
Listed by:
Luis Rodrigues 508-642-2958,
Realty One Group Dream Makers 508-269-3006
Bought with:
Leovanni Baessa
Compass
Source: MLS PIN,MLS#: 73336453
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,750
- Total interior livable area: 2,750 sqft
- Finished area above ground: 2,750
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive
- Uncovered spaces: 4
Lot
- Size: 2,770 sqft
Details
- Parcel number: M:0028 L:0141,2886634
- Zoning: RB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Stone
Condition
- Year built: 1892
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: New Bedford
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $570,000+1.8%$207/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 6/11/2025 | Price change | $559,900-4.3%$204/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 5/13/2025 | Price change | $585,000-2.5%$213/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 3/9/2025 | Price change | $599,900-2.5%$218/sqft |
Source: MLS PIN #73336453 Report a problem | ||
| 2/19/2025 | Listed for sale | $615,000+80.9%$224/sqft |
Source: MLS PIN #73336453 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,612 +11.7% | $496,200 +18.6% |
| 2024 | $5,022 +8.4% | $418,500 +29% |
| 2023 | $4,634 +36.2% | $324,300 +48.1% |
Find assessor info on the county website
Neighborhood: 02740
Nearby schools
GreatSchools rating
- 7/10James B Congdon Elementary SchoolGrades: K-6Distance: 0.2 mi
- 3/10Roosevelt Middle SchoolGrades: 6-8Distance: 1.4 mi
- 1/10New Bedford High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$592,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$592,700
- Massachusetts
- Bristol County
- New Bedford
- 02740
- 531 Rivet St