$615,000

531 Rivet St New Bedford, MA 02740

$7,303
Closing credit¹
6 beds
3 full
2,750 sqft
0.06 acres
$224 / sqft
Multi-Family

Property details

About 531 Rivet St

Presenting a prime investment opportunity at 531 Rivet Street, New Bedford, MA 02740. This well-maintained three-family home, offers a total of 2,780 square feet of living space across three units. Each unit features two bedrooms and one bathroom, making it ideal for rental income or multi-generational living. The property boasts vinyl siding, replacement windows, and a 2-year-old roof, ensuring durability and reduced maintenance costs. Additional amenities include off-street parking for three vehicles and washer and dryer hookups for each unit. Located just a block east of Dartmouth Street, this corner lot property provides easy access to public transportation, shopping, parks, and schools. Don't miss out on this exceptional investment in a thriving community.

Highlights

Home typeMulti Family
StatusActive
(New)
Size2,750 sqft
BasementYes
Lot size0.06 Acres
Year built1892
ParkingPaved Drive
MLS #73336453

Summary

  • MLS Number: 73336453
  • MLS Name: MLS Property Information Network
  • Office Name: Realty One Group Dream Makers
  • Office Phone: (508) 269-3006
  • Listing Agent: Luis Rodrigues

IDX Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house

$615,000

531 Rivet St

$7,303

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 08, 2021
Home Sold
$340,000

Tax history

YearAssessmentProperty Tax
2024$418,500$5,022
2023$324,300$4,634
2022$219,000$3,403
2021$213,300$3,325
2020$201,100$3,250
2019$170,600$2,810

History based on county public records data.

Nearby schools

4

James B. Congdon Elementary School

Public District PK-5

0.2 mi

50 Hemlock St

3

John B. DeValles Elementary School

Public District PK-5

0.3 mi

120 Katherine St

6

Betsey B. Winslow Elementary School

Public District PK-5

0.6 mi

561 Allen St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $48,902. The most common annual income of people living in New Bedford, MA is less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

41%
<35k
38%
35k-100k
21%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

46%
Single, No Kids
18%
Single, with Kids
20%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
7%
12-17 yrs old
24%
18-34 yrs old
38%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • SoccerSoccer
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • BurlingtonBurlington
  • Forever 21Forever 21
  • Chico'sChico's

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Dominos PizzaDominos Pizza
  • Bob EvansBob Evans

What do the neighbors drive?

  • DodgeDodge
  • MazdaMazda
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in New Bedford, MA

About 531 Rivet St

This home is located at 531 Rivet St in New Bedford, MA and zip code 02740. This 2,750 square foot home, which was built in 1892, sits on a 0.06 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 19, 2025 and is currently priced at $615,000.

Over 16 listings were sold over their listed price in January 2025 in New Bedford, MA. In the same period over 22 listings were sold below the listed price and 4 listings were sold for the listed price. The number of homes for sale in New Bedford, MA decreased by 11.5% between December and January 2025. In January 2025 median list price was $449,980 and the average listing age was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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