Two-Family Residential Income
148 B Street Lowell, MA 01851
For Sale
$549,900
Well-maintained two-family with separate electric, newer boilers, and a remodeled second-floor unit.
Property Size2,214 SF
Price / SF$248.37
Days on Market49
Property Features for 148 B Street
General Information
- Standard status
- Active
- Size
- 2,214 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing Agency:
Christine E. Natale, Broker
(978) 937-1800
Listed By:
Christine Natale · License #9039808
(978) 937-1800
Source:
Compass
Added: Jun 5
Changed: Jul 23
Last Checked: Jul 23 at 3:27AM
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 Christine E. Natale, Broker
Investment Insights
Based on property information with market context.
Spacious, well-maintained two-family residence with multiple updates, including newer boilers, separate electric service, vinyl siding with insulation, and a roof replacement in 2018. The second-floor unit has been remodeled, and photos were taken when it was vacant. The first-floor apartment is currently delivered vacant. A private back yard with a side porch adds outdoor space.
The property is located in the Highlands area of Lowell and is described as close to the highway, shopping, and a bus route, providing convenient day-to-day access.
The second-floor tenant is at will. The listing notes that the property may not qualify for FHA financing, and requests 24 hours’ notice for showings.
The property is located in the Highlands area of Lowell and is described as close to the highway, shopping, and a bus route, providing convenient day-to-day access.
The second-floor tenant is at will. The listing notes that the property may not qualify for FHA financing, and requests 24 hours’ notice for showings.
Key Highlights
- Two‑family home built in 1890 with 2 total full baths
- Updates include newer boilers and separate electric service
- Second‑floor unit remodeled; roof replaced in 2018
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $30.60 |
| − Vacancy | −$5.1k | −$2.30 |
| EGI | $62.7k | $28.31 |
| − OpEx | −$18.8k | −$8.49 |
| NOI | $43.9k | $19.81 |
2,214 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$626.7K
$548.3K – $731.1K
NOI $43,867 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$564.2K
$493.7K – $658.2K
NOI $39,494 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$779.2K
$681.8K – $909.1K
NOI $54,547 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family with separate electric, newer boilers, and a remodeled second-floor unit.
Where is this duplex located?
The property is located at 148 B Street Lowell, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family home built in 1890 with 2 total full baths; Updates include newer boilers and separate electric service; Second‑floor unit remodeled; roof replaced in 2018
