Two-Family Duplex with Fenced
10 Payton Street, Lowell, MA 01852
For Sale
$649,900
Each residence has its own entrance, utility service, and 100-amp electrical panel.
Property Size1,636 SF
Price / SF$397.25
Days on Market148
Property Features for 10 Payton Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Amenities
fenced backyard
walk-up attic
storage rooms
washer/dryer hookups
Building Details
Year Built
Buildings
Listing Agency:
Prime Choice Real Estate
Listed By:
Marcos Doliver
Source:
Jmulkerinrealty
Added: Jun 18
Changed: Nov 12
Last Checked: Nov 12 at 2:28PM
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 Prime Choice Real Estate
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Investment Insights
Based on property information with market context.
This 1,636-square-foot duplex in Lowell dates to 1925 and contains two residences, each with a separate entrance and utility service. Both units have gas heat, and the property includes a walk-up attic with storage rooms, plus basement washer and dryer hookups. Vinyl siding, gas hot water tanks, and a fenced backyard are among the property features.
The home is in South Lowell, minutes from the Lowell Connector, downtown Lowell, shopping, restaurants, and UMass Lowell. A six-car driveway provides on-site parking.
The home is in South Lowell, minutes from the Lowell Connector, downtown Lowell, shopping, restaurants, and UMass Lowell. A six-car driveway provides on-site parking.
Key Highlights
- Two units, each with a separate entrance and utility service
- 1,636 square feet; built in 1925
- Separate 100‑amp circuit breaker panel for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,415
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,300
$648.3K
Cap Rate 7%
$463,071
$463.1K
Cap Rate 9%
$360,167
$360.2K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$50.1K $30.60/SF
− Vacancy
−$3.8K −$2.30/SF
EGI
$46.3K $28.31/SF
− OpEx
−$13.9K −$8.49/SF
NOI
$32.4K $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%
$648,300
Cap Rate 7%
$463,071
Cap Rate 9%
$360,167
Alternative Uses
Best Use
Multifamily LT 5
$463.1K
$405.2K – $540.3K
NOI $32,415 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,184 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$575.8K
$503.8K – $671.8K
NOI $40,307 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lowell, MA
Properties on Market for Duplexes in Lowell
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance, utility service, and 100-amp electrical panel.
Where is this duplex located?
The property is located at 10 Payton Street Lowell, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two units, each with a separate entrance and utility service; 1,636 square feet; built in 1925; Separate 100‑amp circuit breaker panel for each unit
