Triplex with Updated
For Sale
$799,900
Pending
1 Dublin St, Lowell, MA 01854
Residential Income, Lowell, MA
Property Size3,455 SF
Lot Size0.06 Acres
Days on Market49
Property Features for 1 Dublin St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
UMF
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking
1
Elementary school
Lps
Middle school
Lps
High school
Lps Or Glths
Directions
Broadway St > Suffolk St > Dublin St
Standard status
Pending
APN
M:139 B:1867 L:1,3185413
Size
3,455 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7119
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Innovative Properties · RE/MAX International
(978) 452-4432
Listed By:
Joshua Naughton · License #57445
(603) 434-4101
Added: Jul 19
Changed: Sep 4
Last Checked: Sep 5 at 7:06AM
MLS# 73552035
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 1900-built triplex contains 3455 square feet across two 5-bedroom residences and one 2-bedroom residence. Long-term tenants are in place, and lead certificates are available. The roof is less than five years old, while many windows have been replaced.
The property occupies 0.06 acres at 1 Dublin St in Lowell, MA 01854, with downtown and U-Mass Lowell located just steps away. UMF zoning applies to the site, adding a clear land-use designation for evaluating the property.
The three-unit configuration combines larger and smaller residences within one multifamily asset. Existing occupancy, documented lead certificates, recent roof work, and replacement windows provide concrete operating and physical details for review.
The property occupies 0.06 acres at 1 Dublin St in Lowell, MA 01854, with downtown and U-Mass Lowell located just steps away. UMF zoning applies to the site, adding a clear land-use designation for evaluating the property.
The three-unit configuration combines larger and smaller residences within one multifamily asset. Existing occupancy, documented lead certificates, recent roof work, and replacement windows provide concrete operating and physical details for review.
Key Highlights
- Three‑unit property with two 5‑bedroom units and one 2‑bedroom unit
- 3455 square feet on 0.06 acres
- Long‑term tenants in place across the property
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
$68,456
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
8.56%
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%
$1,369,120
$1.4M
Cap Rate 7%
$977,943
$977.9K
Cap Rate 9%
$760,622
$760.6K
Market Conditions
NOI Build-Up for 3,455 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
$105.7K $30.60/SF
− Vacancy
−$7.9K −$2.30/SF
EGI
$97.8K $28.31/SF
− OpEx
−$29.3K −$8.49/SF
NOI
$68.5K $19.81/SF
Area
Lowell, MA
Vacancy
7.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,369,120
Cap Rate 7%
$977,943
Cap Rate 9%
$760,622
Alternative Uses
Best Use
Multifamily LT 5
$977.9K
$855.7K – $1.14M
NOI $68,456 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$880.5K
$770.4K – $1.03M
NOI $61,632 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,122 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
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?
Triplex - Two five-bedroom units and one two-bedroom unit are occupied by long-term tenants.
Where is this triplex located?
The property is located at 1 Dublin St Lowell, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit property with two 5‑bedroom units and one 2‑bedroom unit; 3455 square feet on 0.06 acres; Long‑term tenants in place across the property
