Corner Four-Unit
165 University Ave Lowell, MA 01854
165 University Ave, Lowell, MA, 01854
$949,999
Pending
For Sale
$949,999
Pending
Four-unit property with three move-in ready vacancies, updated interiors, and a detached garage on a corner lot.
Property Size3,738 SF
Days on Market15
Property Features for 165 University Ave
General Information
- Standard status
- Pending
- Size
- 3,738 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1880
Listing agency
Alvarez Real Estate Group LLC
(617) 329-9493
Listed by
Michael Alvarez · License #452508574
(617) 329-9493
Source
Iverty
Added: Jul 8 Updated: Jul 22 at 2:35PM Checked: Jul 22 at 2:35PM
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 Alvarez Real Estate Group LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property is situated on a corner lot and includes a mix of two (2) 3-bedroom/1-bath apartments and two (2) 1-bedroom/1-bath apartments. Three of the four units are delivered vacant and move-in ready, supporting straightforward leasing or owner-occupancy.
Recent capital improvements include a new roof (2026), refinished hardwood floors, and a renovated second-floor unit with new cabinetry and granite countertops. On-site amenities feature a Speed Queen coin-operated laundry system, and there is also a detached garage.
The property is conveniently located near UMass Lowell, downtown, major highways, shopping, and restaurants in Lowell’s Pawtucketville neighborhood.
Recent capital improvements include a new roof (2026), refinished hardwood floors, and a renovated second-floor unit with new cabinetry and granite countertops. On-site amenities feature a Speed Queen coin-operated laundry system, and there is also a detached garage.
The property is conveniently located near UMass Lowell, downtown, major highways, shopping, and restaurants in Lowell’s Pawtucketville neighborhood.
Key Highlights
- Four‑unit multifamily built in 1880 on a corner lot
- Unit mix: 2 two 3BD/1BA units and 2 two 1BD/1BA units
- Three units delivered vacant and move‑in ready
Local 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 | $114.4k | $30.60 |
| − Vacancy | −$8.6k | −$2.30 |
| EGI | $105.8k | $28.31 |
| − OpEx | −$31.7k | −$8.49 |
| NOI | $74.1k | $19.81 |
3,738 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$925.8K – $1.23M
NOI $74,063 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$952.6K
$833.5K – $1.11M
NOI $66,680 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,095 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property with three move-in ready vacancies, updated interiors, and a detached garage on a corner lot.
Where is this quadplex located?
The property is located at 165 University Ave Lowell, MA.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Four‑unit multifamily built in 1880 on a corner lot; Unit mix: 2 two 3BD/1BA units and 2 two 1BD/1BA units; Three units delivered vacant and move‑in ready
