Two-Family Duplex with In-Unit
For Sale
$669,888
Pending
1 Rockdale Ave, Lowell, MA 01854
Six-bedroom property with separate utilities, gas heating, and two kitchens featuring granite countertops.
Property Size1,948 SF
Days on Market182
Property Features for 1 Rockdale Ave
General Information
Standard status
Pending
Size
1,948 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
TMF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Building Size
1,948 SF
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Century 21 North East
Listed By:
MG Group
(617) 389-1129
Source:
Cjbarrett
Added: Apr 18
Changed: Sep 8
Last Checked: Aug 31 at 1:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
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Investment Insights
Based on property information with market context.
This two-family duplex contains 6 bedrooms and 2 full bathrooms across approximately 1,948 square feet. Each unit includes in-unit laundry, a kitchen with granite countertops, separate utilities, and gas heating. The property also features new windows, generous interior layouts, and an unfinished basement for storage. Built in 1900, it offers a clearly defined two-unit configuration with practical residential amenities.
Located at 1 Rockdale Ave in Lowell’s Acre neighborhood, the property is 0.2 miles from UMass Lowell and minutes from Market Basket. Access to Rt 3 and I-495 supports regional commuting. On-street permit parking is available, adding a documented parking option for occupants.
Located at 1 Rockdale Ave in Lowell’s Acre neighborhood, the property is 0.2 miles from UMass Lowell and minutes from Market Basket. Access to Rt 3 and I-495 supports regional commuting. On-street permit parking is available, adding a documented parking option for occupants.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2 full bathrooms
- Approximately 1,948 square feet; built in 1900
- Separate utilities and gas heating for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,597
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,940
$771.9K
Cap Rate 7%
$551,386
$551.4K
Cap Rate 9%
$428,856
$428.9K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$59.6K $30.60/SF
− Vacancy
−$4.5K −$2.30/SF
EGI
$55.1K $28.31/SF
− OpEx
−$16.5K −$8.49/SF
NOI
$38.6K $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 Rate 5%
$771,940
Cap Rate 7%
$551,386
Cap Rate 9%
$428,856
Alternative Uses
Best Use
Multifamily LT 5
$551.4K
$482.5K – $643.3K
NOI $38,597 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$685.6K
$599.9K – $799.9K
NOI $47,994 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,508
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Six-bedroom property with separate utilities, gas heating, and two kitchens featuring granite countertops.
Where is this duplex located?
The property is located at 1 Rockdale Ave Lowell, MA.
What is the asking price?
The asking price for this property is $669,888.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 2 full bathrooms; Approximately 1,948 square feet; built in 1900; Separate utilities and gas heating for the two units
