Renovated Two-Family
New
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
Days on Market3
Property Features for 112 Hampshire St
General Information
Standard status
Active
Size
2,047 SF
Total Parking Spaces
1
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,815
Amenities
fenced-in outdoor space
Building Details
Building Size
2,047 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Listing Agency:
(617) 620-4237
Listed By:
Soyeon Yang
(617) 620-4237
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 9:33AM
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 Soyeon Yang
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 = 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
$40,558
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
5.79%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
