Seven-Bedroom
For Sale
$625,000
27 Shaw St, Lowell, MA 01851
Residential Income, Lowell, MA
Property Size3,064 SF
Lot Size0.08 Acres
Price / SF$203.98
Days on Market131
Property Features for 27 Shaw St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
USF
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 7, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4
Elementary school
Lincoln
High school
Lowell High
Directions
Chelmsford St. to Shaw St.
Subdivision
Highlands
Standard status
Active
APN
M:123 B:5305 L:27,3183738
Size
3,064 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6749
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty - Merrimack
(978) 692-3280
Listed By:
Claire Ryan
(978) 692-3280
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 30 at 7:06PM
MLS# 73505421
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,064-square-foot duplex, built in 1900, contains two residential units. The first-floor apartment includes three bedrooms, a kitchen, and a living room. The second unit occupies two levels and provides four bedrooms, a bonus room, an eat-in kitchen, and a living room. The property sits on a 0.08-acre lot and is zoned USF.
The property is located near shopping, a T-station, and the Lowell Connector, with access to Route 495 and Route 3. Leased solar panels are installed and may help reduce energy costs.
The property is located near shopping, a T-station, and the Lowell Connector, with access to Route 495 and Route 3. Leased solar panels are installed and may help reduce energy costs.
Key Highlights
- Two‑family property with 3,064 square feet of building area
- First‑floor unit includes 3 bedrooms, kitchen, and living room
- Second unit spans two levels with 4 bedrooms and a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,093,140
$1.1M
Cap Rate 7%
$780,814
$780.8K
Cap Rate 9%
$607,300
$607.3K
Market Conditions
NOI Build-Up for 3,064 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.6K $34.80/SF
− Vacancy
−$7.3K −$2.37/SF
EGI
$99.4K $32.43/SF
− OpEx
−$44.7K −$14.60/SF
NOI
$54.7K $17.84/SF
Area
Lowell, MA
Vacancy
6.80%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,093,140
Cap Rate 7%
$780,814
Cap Rate 9%
$607,300
Alternative Uses
Best Use
Multifamily LT 5
$867.3K
$758.9K – $1.01M
NOI $60,709 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$780.8K
$683.2K – $911.0K
NOI $54,657 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.08M
$943.6K – $1.26M
NOI $75,489 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 01851, MA
32,691
Population
11,759
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
10,216
Density / Sq Mi
$87,962
Median Household Income
$46,388
Median Earnings
$1,686
Median Rent
$432,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer varied layouts, including kitchens, living areas, and a bonus room.
Where is this duplex located?
The property is located at 27 Shaw St Lowell, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑family property with 3,064 square feet of building area; First‑floor unit includes 3 bedrooms, kitchen, and living room; Second unit spans two levels with 4 bedrooms and a bonus room
