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    24-26 Richmond Ave Lowell, MA 01852

    For Sale
    $519,000

    Duplex near highways, shopping, and parks with separate utilities.

    Lot size:
    0.06 Acres

    Property Features for 24-26 Richmond Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1880

    Source: Dick Lepine Real Estate,Inc. Agent Michael McDowell

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

    Overview

    Convenient Duplex Near Amenities

    This conveniently located duplex is situated close to highways, shopping areas, and parks. The property features two units: a three-bedroom unit and a two-bedroom unit. The three-bedroom unit is currently vacant and available for occupancy. The two-bedroom unit is currently tenanted with a lease agreement in place through November 2026. Each unit has separate utilities, with tenants responsible for their own gas and electric expenses. The property includes a fenced side yard and backyard. Showings are initially limited to the vacant three-bedroom unit, with appointments available to view the occupied unit upon request. This property is suitable for both owner-occupants and investors.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market 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
    -71.3038772
    Latitude
    42.6358598

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    FAQs

    What type of property is this?
    Duplex - Duplex near highways, shopping, and parks with separate utilities.
    Where is this duplex located?
    The property is located at 24-26 Richmond Ave Lowell, MA.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: - Vacant 3-bedroom unit is ready for immediate occupancy.; - Tenant-occupied 2-bedroom unit provides immediate rental income with a lease through November 2026.; - Separate utilities for each unit (tenants pay gas and electric).
    (508) 662-1213
    Request Owner's contact information
    24-26 Richmond Ave Lowell, MA 01852
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    Lowell, MA 01852
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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
    24-26 Richmond Ave Lowell, MA 01852
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