Active
143 Days on market
194-R Riverside Ave New Bedford — Photo 1 of 29

194-R Riverside Ave New Bedford — Photo 1 of 29

$1,600,000

194-R Riverside Ave, New Bedford, MA 02746

New Bedford, MA 02746 — North

Beds

--

Baths

--

SqFt

26,910

Style

5-9 Family

Built

1925

Presenting an exceptional opportunity to convert this industrial building into multi-family property located at 194-R Riverside Ave, New Bedford, MA. Constructed in 1925, this expansive residence offers a substantial 26,910 square feet of protentional living area, providing significant space for diverse residential configurations or strategic investment. Spanning two stories, the property is situated on a generous 126,759 square foot lot, offering considerable outdoor space and development opportunities. This distinguished property represents a compelling opportunity for discerning buyers seeking a significant multi-family asset in New Bedford. See attached due diligence progress. This property is located along the city's future Riverwalk Development initiative.

Key facts

It was listed on May 14, 2026. The annual property taxes are $17,371 (2026 tax year). It sits on a 2.91-acre (126,759 sq ft) lot.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$59/sqft
Local Avg (New Bedford)$217/sqft
73% BelowMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within New Bedford, MA.

Property Details

Financials

Original Price$1,600,000
Annual Taxes$17,371

Parking

Garage0
Off-Street60

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
FoundationGranite, Slab
Zoning(IB)

Property & Lot

Acres2.91
SqFt Lot126,759
Lot FeaturesEasements

Geography

Property History

Listed
$1,600,000

May 14, 2026

MLS® 73519513

Listed
$1,600,000

May 14, 2026

MLS® 73519525

Questions about this home

When was 194-R Riverside Ave, New Bedford listed?

194-R Riverside Ave, New Bedford was listed on May 14, 2026.

Has the price of 194-R Riverside Ave, New Bedford changed?

The price hasn't changed since it was listed at $1,600,000.

What are the property taxes for 194-R Riverside Ave, New Bedford?

The annual property taxes for 194-R Riverside Ave, New Bedford are $17,371 (2026 tax year).

How big is the lot at 194-R Riverside Ave, New Bedford?

194-R Riverside Ave, New Bedford sits on a 2.91-acre (126,759 sq ft) lot.

What is the status of 194-R Riverside Ave, New Bedford?

194-R Riverside Ave, New Bedford is actively listed for sale.

Population

17,531

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$42K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

82.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Bristol County

1,079 housing units permitted in the last 12 months (+41% vs the prior 12 months) — 501 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Jason P. Lanagan

Listing Office: Lanagan & Co

MLS® Number: 73519513