Renovated Two-Family
For Sale
$699,900
112 Hampshire St, Lowell, MA 01850
Two updated units offer flexible layouts, private outdoor space, and one reserved parking space.
Property Size2,047 SF
Price / SF$341.91
Days on Market52
Property Features for 112 Hampshire St
General Information
Standard status
Active
Size
2,047 SF
Total Parking Spaces
1
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fenced-in outdoor space
Building Details
Building Size
2,047 SF
Year Built
1920
Buildings
1
Listing Agency:
Spark Real Estate
(617) 510-7746
Listed By:
Soyeon Yang
(617) 620-4237
Source:
Iverty
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 9 at 10:31PM
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 Spark Real Estate
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1920, includes a renovated first-floor residence with 3 bedrooms, 2 full bathrooms, a private primary suite, two living rooms, and an updated kitchen with new appliances. The lower level adds storage and washer/dryer hookups. The second-floor apartment provides 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. Both units have newer systems and refreshed interiors.
The upper unit is leased through July 2027. The property also includes fenced outdoor space, one reserved parking space at the front, and street parking. Its Lowell setting places it near UMass Lowell, Lowell General Hospital, public transportation, shopping, downtown Lowell, and Routes 113 and 38.
The upper unit is leased through July 2027. The property also includes fenced outdoor space, one reserved parking space at the front, and street parking. Its Lowell setting places it near UMass Lowell, Lowell General Hospital, public transportation, shopping, downtown Lowell, and Routes 113 and 38.
Key Highlights
- Renovated two‑family duplex with newer systems
- First‑floor unit has 3 bedrooms, 2 full bathrooms, and a private primary suite
- Second‑floor unit includes 2 bedrooms and 1 bathroom; leased through July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,558
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,160
$811.2K
Cap Rate 7%
$579,400
$579.4K
Cap Rate 9%
$450,644
$450.6K
Market Conditions
NOI Build-Up for 2,047 SF
Gross rent
$62.6K $30.60/SF
− Vacancy
−$4.7K −$2.30/SF
EGI
$57.9K $28.31/SF
− OpEx
−$17.4K −$8.49/SF
NOI
$40.6K $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%
$811,160
Cap Rate 7%
$579,400
Cap Rate 9%
$450,644
Alternative Uses
Best Use
Multifamily LT 5
$579.4K
$507.0K – $676.0K
NOI $40,558 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$521.6K
$456.4K – $608.6K
NOI $36,515 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$720.5K
$630.4K – $840.6K
NOI $50,433 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
734
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units offer flexible layouts, private outdoor space, and one reserved parking space.
Where is this duplex located?
The property is located at 112 Hampshire St Lowell, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Renovated two‑family duplex with newer systems; First‑floor unit has 3 bedrooms, 2 full bathrooms, and a private primary suite; Second‑floor unit includes 2 bedrooms and 1 bathroom; leased through July 2027
