Duplex with Unfinished
New
For Sale
$650,000
112 Fremont St, Lowell, MA 01850
Two residential units combine three-bedroom layouts, in-unit laundry, outdoor space, and off-street parking.
Property Size2,448 SF
Days on Market5
Property Features for 112 Fremont St
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,608
Amenities
in-unit laundry
outdoor space
Building Details
Building Size
2,448 SF
Year Built
1900
Stories
2
Units
2
Listed By:
Maria Silveira · License #448552666
(781) 241-3228
Source:
Elliman
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 15 at 6:49AM
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 Maria Silveira
Investment Insights
Based on property information with market context.
This two-family property contains two residential units, each with 3 bedrooms, 1 full bathroom, a living room, and an eat-in kitchen with cabinet storage. Both units also include in-unit laundry. A full attic and large unfinished basement provide additional interior areas, while the property includes a generous lot, outdoor space, and off-street parking. Built in 1900, the home offers a traditional duplex configuration with room for future planning based on the existing unfinished areas.
The property is located at 112 Fremont St in Lowell's Christian Hill neighborhood. McAuliffe Elementary and Robinson Middle School are approximately half a mile away, with LRTA bus service, Market Basket, and Gage Park nearby. Downtown Lowell, UMass Lowell, Gallagher Terminal, Route 3, the Lowell Connector, and I-495 are also within the surrounding area. The property has a Walk Score of 87, a Bike Score of 28, and a Transit Score of 55.
The property is located at 112 Fremont St in Lowell's Christian Hill neighborhood. McAuliffe Elementary and Robinson Middle School are approximately half a mile away, with LRTA bus service, Market Basket, and Gage Park nearby. Downtown Lowell, UMass Lowell, Gallagher Terminal, Route 3, the Lowell Connector, and I-495 are also within the surrounding area. The property has a Walk Score of 87, a Bike Score of 28, and a Transit Score of 55.
Key Highlights
- Two‑family property with 2 residential units
- Each unit includes 3 bedrooms and 1 full bathroom
- Large unfinished basement and full attic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$970,060
$970.1K
Cap Rate 7%
$692,900
$692.9K
Cap Rate 9%
$538,922
$538.9K
Market Conditions
NOI Build-Up for 2,448 SF
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.
Gross rent
$74.9K $30.60/SF
− Vacancy
−$5.6K −$2.30/SF
EGI
$69.3K $28.31/SF
− OpEx
−$20.8K −$8.49/SF
NOI
$48.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$970,060
Cap Rate 7%
$692,900
Cap Rate 9%
$538,922
Alternative Uses
Best Use
Multifamily LT 5
$692.9K
$606.3K – $808.4K
NOI $48,503 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$623.8K
$545.9K – $727.8K
NOI $43,669 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$861.6K
$753.9K – $1.01M
NOI $60,312 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine three-bedroom layouts, in-unit laundry, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 112 Fremont St Lowell, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family property with 2 residential units; Each unit includes 3 bedrooms and 1 full bathroom; Large unfinished basement and full attic
