Two-Unit Duplex with Upper
New
For Sale
$675,000
110 Seventh Avenue, Lowell, MA 01854
The property combines a three-bedroom residence with a separate one-bedroom upstairs unit, currently leased through summer 2027.
Property Size2,270 SF
Price / SF$297.36
Days on Market6
Property Features for 110 Seventh Avenue
General Information
Standard status
Active
Size
2,270 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Neighborhood
Pawtucketville
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
deck
Building Details
Year Built
1950
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
Kelly Dimbat
(617) 519-9798
Source:
Hammondre
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 12:56PM
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 Lamacchia Realty,Inc.
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Investment Insights
Based on property information with market context.
This 2,270-square-foot duplex, built in 1950, contains two residences: a three-bedroom main-level home and an upstairs one-bedroom unit with its own deck. The main unit has hardwood floors, wood trim, a dining room, and a kitchen with a separate dining nook and exterior access. Recent work includes wood flooring and a tiled shower in that residence. A full basement connects to the garage and has separate laundry setups. The property also has two driveways, separate gas boilers, and a 200-amp electrical upgrade.
Public transit, Routes 38 and 110, McDermott Reservoir, restaurants, and shopping are minutes away. Both units are occupied under leases extending through summer 2027.
Public transit, Routes 38 and 110, McDermott Reservoir, restaurants, and shopping are minutes away. Both units are occupied under leases extending through summer 2027.
Key Highlights
- Two residences: a three‑bedroom main‑level unit and an upstairs one‑bedroom unit
- 2,270 square feet; built in 1950
- Upper residence includes a private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,977
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,540
$899.5K
Cap Rate 7%
$642,529
$642.5K
Cap Rate 9%
$499,744
$499.7K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$69.5K $30.60/SF
− Vacancy
−$5.2K −$2.30/SF
EGI
$64.3K $28.31/SF
− OpEx
−$19.3K −$8.49/SF
NOI
$45.0K $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%
$899,540
Cap Rate 7%
$642,529
Cap Rate 9%
$499,744
Alternative Uses
Best Use
Multifamily LT 5
$642.5K
$562.2K – $749.6K
NOI $44,977 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$578.5K
$506.2K – $674.9K
NOI $40,493 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$799.0K
$699.1K – $932.1K
NOI $55,927 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
468
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a three-bedroom residence with a separate one-bedroom upstairs unit, currently leased through summer 2027.
Where is this duplex located?
The property is located at 110 Seventh Avenue Lowell, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom main‑level unit and an upstairs one‑bedroom unit; 2,270 square feet; built in 1950; Upper residence includes a private deck
