Three-Unit Multifamily Home with
New
For Sale
$815,000
10 Rockdale Ave, Lowell, MA 01854
Updated apartments offer separate utilities, in-unit laundry, and two off-street parking spaces near UMass Lowell.
Property Size3,519 SF
Days on Market3
Property Features for 10 Rockdale Ave
General Information
Standard status
Active
Size
3,519 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,144
Amenities
laundry rooms
private covered porch
Building Details
Building Size
3,519 SF
Year Built
1890
Buildings
1
Stories
3
Units
3
Listed By:
Gail Sullivan
(978) 502-2077
Source:
Elliman
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 16 at 2:16PM
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 Gail Sullivan
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Investment Insights
Based on property information with market context.
This three-unit multifamily property, built in 1890, has updated apartments with kitchens equipped with gas stoves, living rooms, full bathrooms, and three to four bedrooms per unit. Bay windows and private covered porches add to each apartment’s layout, and every unit has a laundry room with a washer and dryer.
Utilities are separately metered for each unit. The unfinished basement contains the heating equipment, hot water tanks, and electrical panels, along with storage and access from multiple locations. Two off-street parking spaces serve the property, which is near UMass Lowell.
Utilities are separately metered for each unit. The unfinished basement contains the heating equipment, hot water tanks, and electrical panels, along with storage and access from multiple locations. Two off-street parking spaces serve the property, which is near UMass Lowell.
Key Highlights
- Three units, each with 3–4 bedrooms and a full bath
- Separate utility meters, heating units, hot water tanks, and electrical panels for each unit
- Each apartment includes a kitchen with gas stove, bay windows, living room, and covered private porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,724
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,480
$1.4M
Cap Rate 7%
$996,057
$996.1K
Cap Rate 9%
$774,711
$774.7K
Market Conditions
NOI Build-Up for 3,519 SF
Gross rent
$107.7K $30.60/SF
− Vacancy
−$8.1K −$2.30/SF
EGI
$99.6K $28.31/SF
− OpEx
−$29.9K −$8.49/SF
NOI
$69.7K $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%
$1,394,480
Cap Rate 7%
$996,057
Cap Rate 9%
$774,711
Alternative Uses
Best Use
Multifamily LT 5
$996.1K
$871.6K – $1.16M
NOI $69,724 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$896.8K
$784.7K – $1.05M
NOI $62,774 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,699 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
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?
Triplex - Updated apartments offer separate utilities, in-unit laundry, and two off-street parking spaces near UMass Lowell.
Where is this triplex located?
The property is located at 10 Rockdale Ave Lowell, MA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Three units, each with 3–4 bedrooms and a full bath; Separate utility meters, heating units, hot water tanks, and electrical panels for each unit; Each apartment includes a kitchen with gas stove, bay windows, living room, and covered private porch
