Building Details

Year Built 1920

Listing Agency: LAER Realty Partners

Listed By: Daniel Capra Show Phone

Source: Lyvrealty

Added: May 18 Changed: Sep 30 Last Checked: Oct 7 at 3:37PM

Report an Issue

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 LAER Realty Partners

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1920 duplex offers 3,323 square feet of living space across a main residence and an attached in-law or ADU area. The primary home includes four bedrooms and two bathrooms, while the secondary living area provides one bedroom, one bathroom, and a loft. A three-season porch separates the spaces and can serve as an entry, mudroom, or shared sitting area.

Outdoor features include a large deck and fenced yard suited to gatherings and everyday use. Parking is available in the driveway, with additional on-street spaces along D Street and S Walker Street. The property occupies a corner lot at 122 S Walker Street in Lowell’s Highlands section.

Key Highlights

• Duplex with 3,323 SF of living space
• Main residence includes 4 bedrooms and 2 bathrooms
• In‑law/ADU area has 1 bedroom, 1 bathroom, and a loft

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,277

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,185,540 $1.2M

Cap Rate 7%

$846,814 $846.8K

Cap Rate 9%

$658,633 $658.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,323 SF

Gross rent

$115.6K $34.80/SF

− Vacancy

−$7.9K −$2.37/SF

EGI

$107.8K $32.43/SF

− OpEx

−$48.5K −$14.60/SF

NOI

$59.3K $17.84/SF

Area

Lowell, MA

Vacancy

6.80%

Lease Rate

$34.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,185,540

Cap Rate 7%

$846,814

Cap Rate 9%

$658,633

Alternative Uses

Best Use

Multifamily LT 5

$940.6K

$823.0K – $1.10M (±1% cap)

NOI $65,840 @ 7.0% cap · market cap 9.68%

Second Best

Apartment 5plus

$846.8K

$741.0K – $988.0K (±1% cap)

NOI $59,277 @ 7.0% cap · market cap 8.72%

Theoretical Best

Office A

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,870 @ 7.0% cap · market cap 12.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Restaurant Spa & Massage Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

939

Businesses Nearby

Explore this area Business Placement

Demographics for 01851, MA

32,691

Population

11,759

Households

2.8

Avg Household Size

34

Median Age

32%

College-Educated

79%

High-School Grad

3.2 sq mi

ZIP Area

10,216

Density / Sq Mi

$87,962

Median Household Income

$46,388

Median Earnings

$1,686

Median Rent

$432,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Family Duplex Property

103 Dalton Street, Lowell, MA 01850

$680,000

3,497 SF

View details

Three-Story Two-Unit Residence

52-54 Bowden St, Lowell, MA 01852

$739,900

3,264 SF

View details

Updated Duplex with Three Levels

60-62 4th St, Lowell, MA 01850

$759,900

3,458 SF

View details

Seven-Bedroom Duplex with Backyard

61 Butterfield St, Lowell, MA 01854

$784,900

3,414 SF

View details

Duplex with Tandem Parking

332-334 Stevens Street, Lowell, MA 01851

$719,900

3,068 SF

View details

Two-Family Home with Backyard

161 Smith St, Lowell, MA 01851

$675,000

2,979 SF

View details

Two-Family Duplex with Parking

8 Cady St, Lowell, MA 01852

$695,000

3,001 SF

View details

Seven-Bedroom Duplex

27 Shaw St, Lowell, MA 01851

$625,000

3,064 SF

View details

Renovated Lower Belvidere Duplex

50-52 Willow Street, Lowell, MA 01852

$789,900

3,527 SF

View details

Duplex with Renovation Needs

12-14 Billings St, Lowell, MA 01850

$585,000

3,039 SF

View details

Two-Family Residential Income Property

33 S Whipple Street, Lowell, MA 01852

$749,900

2,816 SF

View details

Two-Unit Residential Property

56-58 Pine St, Lowell, MA 01851

$709,000

2,573 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Corner-lot duplex with separate living areas, a three-season porch, deck, fenced yard, and ample parking.

Where is this duplex located?

The property is located at 122 S Walker St Lowell, MA.

What is the asking price?

The asking price for this property is $679,900.

What are key features of this property?

This property features: Duplex with 3,323 SF of living space; Main residence includes 4 bedrooms and 2 bathrooms; In‑law/ADU area has 1 bedroom, 1 bathroom, and a loft