268-270 Union St New Bedford, MA ^$ 599,999

268-270 Union St

^$ 599,999

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268-270 Union St

New Bedford, MA, 02740

^$ 599,999

Bedrooms-- Baths-- Sq 4,062

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Property for Rent in New Bedford, MA

for $599,999. This 4,062 square foot property was built in 1950 on a lot size of 0.11.

Prime value-add investment opportunity in the heart of downtown New Bedford. This well-positioned mixed-use property features two commercial units and offers immediate cash flow with significant upside potential. Unit 1 is occupied by Fall River Pawn Brokers, providing stable rental income and an attractive 8.9% capitalization rate, making it an excellent foundation for investors seeking dependable returns from day one. Unit 2 is currently vacant, presenting a tremendous value-add opportunity for investors or owner-users. Once leased at market rent, Unit 2 has the potential to generate an estimated 12%–13% capitalization rate, significantly increasing the property's overall return and cash flow. The space offers a flexible layout consisting of a welcoming reception area, seven private offices and/or conference rooms, a half bathroom, and central HVAC throughout, making it suitable for a variety of professional or service-based businesses.

Rental Contingent

Price

^$ 599,999

Taxes

^$ 9,803

Style

Professional/Office

Lot Size

0.11

Year Built

1950

Town/City

New Bedford

County/Region

Bristol

MLS | Web ID

73503412

List By

Mington Tea

Listing Agent

Smarthub Boston

Broker

Nearby

Trends

About New Bedford, MA

97,216 Population

4% Since 2002

^$38,714 Median Income

38.73 Median Age

28% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
6/20/2026	$599,999	-11.76%	Price Down
4/17/2026	$679,999		Listed Price

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268-270 Union St, New Bedford, MA, 02740 is a Property for Rent at $599,999 with 4,062 sqft and a lot size of 0.11. 268-270 Union St was built in 1950. The property's zip code is 02740 which is in New Bedford, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 8/3/2026.

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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268-270 Union St

Property for Rent in New Bedford, MA

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