Move-In Ready Two-Family
1045 Middlesex Street Lowell, MA 01851
1045 Middlesex Street, Lowell, MA, 01851
$714,900
For Sale
$714,900
Renovated two-family with new kitchens, bathrooms, flooring, siding, driveway, and serviced major mechanicals.
Property Size2,248 SF
Price / SF$318.02
Days on Market71
Property Features for 1045 Middlesex Street
General Information
- Standard status
- Active
- Size
- 2,248 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty
(888) 854-7493
Listed by
Candor Investment Group
(888) 854-7493
Source
Compass
Added: May 12 Updated: Jul 21 at 6:56AM Checked: Jul 21 at 6:56AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This move-in ready two-family property has been renovated throughout. Both units have been professionally de-leaded and include new kitchens, new bathrooms, and new vinyl flooring. Exterior improvements include new siding, along with a newly paved 4-car driveway and new concrete landings for the rear entryways.
Major mechanicals have been serviced, including boilers, hot water heaters, and electrical service. The roof has been repaired and is in good working condition, and the basement has been freshly painted with new windows.
The overall renovation package leaves the property positioned for immediate occupancy, supported by documented de-leading work and clean operational starting points with no immediate capital needs stated in the provided remarks.
Major mechanicals have been serviced, including boilers, hot water heaters, and electrical service. The roof has been repaired and is in good working condition, and the basement has been freshly painted with new windows.
The overall renovation package leaves the property positioned for immediate occupancy, supported by documented de-leading work and clean operational starting points with no immediate capital needs stated in the provided remarks.
Key Highlights
- Renovated Lowell two‑family (move‑in ready) with professionally de‑leaded units and lead certificates in hand
- Brand new kitchens and new bathrooms in both units
- New vinyl flooring throughout plus new vinyl flooring and carpeted areas per interior flooring description
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $30.60 |
| − Vacancy | −$5.2k | −$2.30 |
| EGI | $63.6k | $28.31 |
| − OpEx | −$19.1k | −$8.49 |
| NOI | $44.5k | $19.81 |
2,248 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$636.3K
$556.8K – $742.4K
NOI $44,541 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$572.9K
$501.3K – $668.4K
NOI $40,101 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$791.2K
$692.3K – $923.1K
NOI $55,385 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family with new kitchens, bathrooms, flooring, siding, driveway, and serviced major mechanicals.
Where is this duplex located?
The property is located at 1045 Middlesex Street Lowell, MA.
What is the asking price?
The asking price for this property is $714,900.
What are key features of this property?
This property features: Renovated Lowell two‑family (move‑in ready) with professionally de‑leaded units and lead certificates in hand; Brand new kitchens and new bathrooms in both units; New vinyl flooring throughout plus new vinyl flooring and carpeted areas per interior flooring description
