Two-Family Home with
New
For Sale
$675,000
161 Smith St, Lowell, MA 01851
Two separate residences feature private exterior access, in-unit laundry, and kitchens with granite counters and stainless steel appliances.
Property Size2,979 SF
Price / SF$226.59
Days on Market4
Property Features for 161 Smith St
General Information
Standard status
Active
Size
2,979 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 5BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
backyard
fire pit
shed
greenhouse
Building Details
Year Built
1850
Buildings
1
Listing Agency:
Karen Butt, Compass
Listed By:
The Kristin Gennetti Group
(781) 704-7040
Source:
Kristingennetti
Added: Oct 7
Last Checked: Oct 9 at 7:23PM
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 Karen Butt, Compass
Investment Insights
Based on property information with market context.
This two-family property in Lowell’s Highlands has two residences: a three-bedroom, one-bath unit and a five-bedroom, one-bath unit spanning the second and third floors. Their approximate areas are 1,100 and 1,700 square feet, respectively. Both have kitchens with granite counters and stainless steel appliances, in-unit laundry, and separate walk-out access. Most rooms have 9-foot ceilings. The second-floor rooms include new carpeting, and the property has Nest thermostats and gas water heaters that are approximately two years old. Windows and electrical were updated in 2015. Utilities are separately metered, and the tenants pay for heat, hot water, and electricity.
Outdoor features include a backyard with a fire pit, a 10 x 12 shed, and a 6 x 8 greenhouse. Optional basement storage and on-street parking are available. The property is near shopping, dining, parks, downtown Lowell, commuter rail, the Lowell Connector, Route 3, and I-495. It is lead-paint compliant, with potential for A/C.
Outdoor features include a backyard with a fire pit, a 10 x 12 shed, and a 6 x 8 greenhouse. Optional basement storage and on-street parking are available. The property is near shopping, dining, parks, downtown Lowell, commuter rail, the Lowell Connector, Route 3, and I-495. It is lead-paint compliant, with potential for A/C.
Key Highlights
- Two residences: one with 3 bedrooms and 1 bath; the other with 5 bedrooms and 1 bath
- Approximate unit areas of 1,100 and 1,700 square feet
- Separate walk‑out exterior access and in‑unit laundry in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,024
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,480
$1.2M
Cap Rate 7%
$843,200
$843.2K
Cap Rate 9%
$655,822
$655.8K
Market Conditions
NOI Build-Up for 2,979 SF
Gross rent
$91.2K $30.60/SF
− Vacancy
−$6.8K −$2.30/SF
EGI
$84.3K $28.31/SF
− OpEx
−$25.3K −$8.49/SF
NOI
$59.0K $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 Rate 5%
$1,180,480
Cap Rate 7%
$843,200
Cap Rate 9%
$655,822
Alternative Uses
Best Use
Multifamily LT 5
$843.2K
$737.8K – $983.7K
NOI $59,024 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$759.2K
$664.3K – $885.7K
NOI $53,141 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.05M
$917.4K – $1.22M
NOI $73,395 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,286
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature private exterior access, in-unit laundry, and kitchens with granite counters and stainless steel appliances.
Where is this duplex located?
The property is located at 161 Smith St Lowell, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 1 bath; the other with 5 bedrooms and 1 bath; Approximate unit areas of 1,100 and 1,700 square feet; Separate walk‑out exterior access and in‑unit laundry in both units
