6 Sears Street

6 Sears Street, New Bedford, MA 02740 is a furnished recovery housing property located in New Bedford, Massachusetts. The property is offered for sale at an as-is price of $675,000 and includes an operating sober living business with a history of more than six years.

The property is MASH Certified and currently operating at approximately 60% occupancy. The stated 29-bed capacity assumes completion of the third floor, which is part of the value-add business plan for the property. Once complete, the building is expected to contain approximately 3,685 square feet of finished space.

This offering gives a buyer the opportunity to acquire an existing recovery housing asset with certification, furnishings, operating history, and a clear renovation path to increase usable space, bed capacity, and overall value.

Value-Add Opportunity

This property is best positioned as a value-add recovery housing acquisition. The current as-is sale price is $675,000, with approximately $110,000 of estimated work needed to finish the building. Upon completion, the property is projected to be worth approximately $1.1 million.

The primary value-add opportunity is the completion of the third floor. The 29-bed configuration assumes that this work is completed, allowing the buyer to unlock the property’s full recovery housing capacity and improve the long-term operating potential of the home.

For a buyer with construction oversight capacity and recovery housing operating experience, the property offers a combination of existing use, near-term improvement potential, and meaningful upside upon completion.

Operating Business Opportunity

The property is being sold with an operating recovery housing business, making it especially relevant for a buyer who intends to own and operate the home directly. Unlike a passive leased investment, this opportunity requires active management and operational execution.

The home has been in operation for more than six years and is sold fully furnished. Current occupancy is approximately 60%, which creates additional upside for a buyer able to improve admissions, referral relationships, resident retention, house leadership, and day-to-day operating discipline.

A capable owner-operator may be able to create value both by completing the third-floor buildout and by stabilizing the operating business at stronger occupancy levels.

Recovery Housing Use

The property is currently used as a recovery residence and is MASH Certified. Recovery housing provides structured, substance-free living for individuals in recovery from substance use disorder, typically supported through house rules, peer accountability, recovery engagement, and live-in leadership.

With a projected 29-bed configuration after completion of the third floor, the property offers meaningful scale for a New Bedford recovery housing operation. Its certification, furnishings, and operating history reduce the uncertainty associated with a ground-up conversion.

Location and Market Context

New Bedford is a major southeastern Massachusetts city with access to employment, public transportation, healthcare providers, treatment programs, community services, and regional recovery resources. The property’s location supports its continued use as recovery housing by placing residents near the infrastructure needed for work, stability, recovery engagement, and reintegration.

Key Property Details

• Address: 6 Sears Street, New Bedford, MA 02740
• As-Is Sale Price: $675,000
• As-Complete Value: Approximately $1,100,000
• Estimated Work Needed: Approximately $110,000
• Property Type: Two-family recovery housing property
• Finished Building Size: Approximately 3,685 sq. ft. upon completion
• Total Beds: 29, assuming completion of the third floor
• Current Use: Operating recovery residence
• Certification: MASH Certified
• Operating History: More than 6 years
• Current Occupancy: Approximately 60%
• Furniture: Included
• Business Included: Operating recovery housing business included with sale
• Primary Value-Add Component: Finish third floor to support full bed capacity
• Buyer Profile: Best suited for an owner-operator or experienced recovery housing operator

Buyer Fit

This property may be well suited for an experienced recovery housing operator, owner-operator, nonprofit housing provider, or mission-oriented buyer seeking a furnished and certified recovery housing property with value-add potential.

The opportunity is especially relevant for a buyer who can manage both construction completion and operational stabilization. The strongest buyer is likely one who understands recovery housing operations and can complete the third-floor scope, improve occupancy, and bring the home closer to its full income-producing potential.

Because the property is currently operating below full occupancy and requires completion work, it is less suited for a purely passive investor unless the buyer has a qualified operator and project manager in place.