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    118 Lafayette St Lowell, MA 01854

    For Sale
    $699,999

    Fully occupied three-unit property near the university.

    Lot size:
    0.11 Acres

    Property Features for 118 Lafayette St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1910

    Source: Doherty Properties Agent Christian Doherty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Unit Multifamily Near University

    Located on a quiet dead-end street within walking distance of the university, this three-unit multifamily property presents an opportunity for owner-occupants or investors. The building includes a one-bedroom unit on the top floor, a three-bedroom unit on the second level, and a four-bedroom unit on the first floor. A basement provides tenant storage, and a shared washer and dryer are available for the house. The property is fully rented, offering immediate income potential. Ample parking is available for residents and guests.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3209016
    Latitude
    42.6607885

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    FAQs

    What type of property is this?
    Triplex - Fully occupied three-unit property near the university.
    Where is this triplex located?
    The property is located at 118 Lafayette St Lowell, MA.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: - Prime location near the university; - Fully occupied with immediate income potential; - Attractive mix of units with 1-bedroom, 3-bedroom, and **spacious 4-bedroom layouts**
    (978) 857-9580
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Lafayette St Lowell, MA 01854
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