Updated Three-Unit Residential
105 Chestnut St, Lowell, MA 01852
For Sale
New
$784,000
Two upper apartments feature renovated kitchens, bathrooms, and flooring, while the first-floor apartment is currently rented.
Property Size3,164 SF
Price / SF$247.79
Days on Market4
Property Features for 105 Chestnut St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Living Room
Dining Room
Kitchen
Building Details
Building Size
Year Built
Year Renovated
Stories
Units
Listing Agency:
Home Realty Group LLC
(978) 377-1884
Listed By:
Glandeliza Herrera
(978) 394-8312
Source:
Castleknockrealtygroup
Added: Nov 4
Last Checked: Nov 7 at 1:59AM
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 Home Realty Group LLC
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Investment Insights
Based on property information with market context.
This 3,164-square-foot triplex contains seven bedrooms and three bathrooms across three apartments. The first-floor unit has three bedrooms and one bathroom and is occupied by a tenant. The two upper apartments are vacant; one has three bedrooms and one bathroom across two levels, while the other has one bedroom and one bathroom. Both upper units have renovated kitchens and bathrooms, along with new flooring. Fresh paint extends throughout the building, and the exterior has new siding and a roof completed in 2026. The property was built in 1880 and is zoned TMF.
Three off-street parking spaces serve the property at 105 Chestnut St in Lowell. The unit mix includes two three-bedroom apartments and one one-bedroom apartment.
Three off-street parking spaces serve the property at 105 Chestnut St in Lowell. The unit mix includes two three-bedroom apartments and one one-bedroom apartment.
Key Highlights
- Three apartments total 3,164 square feet, with seven bedrooms and three bathrooms
- Two upper units are vacant; the first‑floor apartment is tenant‑occupied
- Unit mix: two three‑bedroom, one‑bathroom apartments and one one‑bedroom, one‑bathroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,690
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,800
$1.3M
Cap Rate 7%
$895,571
$895.6K
Cap Rate 9%
$696,556
$696.6K
Market Conditions
NOI Build-Up for 3,164 SF
Gross rent
$96.8K $30.60/SF
− Vacancy
−$7.3K −$2.30/SF
EGI
$89.6K $28.31/SF
− OpEx
−$26.9K −$8.49/SF
NOI
$62.7K $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%
$1,253,800
Cap Rate 7%
$895,571
Cap Rate 9%
$696,556
Alternative Uses
Best Use
Multifamily LT 5
$895.6K
$783.6K – $1.04M
NOI $62,690 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$806.3K
$705.5K – $940.7K
NOI $56,441 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.11M
$974.4K – $1.30M
NOI $77,953 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
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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
$397,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Middlesex County, MA
Properties on Market for Triplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two upper apartments feature renovated kitchens, bathrooms, and flooring, while the first-floor apartment is currently rented.
Where is this triplex located?
The property is located at 105 Chestnut St Lowell, MA.
What is the asking price?
The asking price for this property is $784,000.
What are key features of this property?
This property features: Three apartments total 3,164 square feet, with seven bedrooms and three bathrooms; Two upper units are vacant; the first‑floor apartment is tenant‑occupied; Unit mix: two three‑bedroom, one‑bathroom apartments and one one‑bedroom, one‑bathroom apartment
