Another Property Sold - 414-430 Rivet St, New Bedford, MA 02740

by Kava Realty Group, Inc. 07/23/2024

414-430 Rivet St, New Bedford, MA 02740
MultifamilySold
List Price $950,000
Sold Price $825,000
414-430 Rivet St
New Bedford, MA 02740
Courtesy of Compass - The Mathew J. Arruda Group
MLS Property Information Network
14Beds
4Full3Half Baths
15,345Sq Ft
Est. Mortgage
$5,004/mo

Significant Price Improvement: Presenting this architecturally significant landmark in the City of New Bedford: This historic gem, known as The Thomas Building, is believed to have been constructed in 1921. Originally housing a beloved department store, it has long served as an anchor to Goulart Square and the vibrant South End community. Comprising of five storefront units, including a spacious 2500+ sqft area most recently utilized as a restaurant, this property offers diverse commercial potential. Additionally, the second and third floors boast four residential units, two four bedrooms and two three bedrooms, providing a perfect blend of work and living spaces. Situated in a neighborhood sharing the city's exciting and exponential growth, the Thomas Building is a rare property and a truly coveted investment opportunity.

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