Two-Unit Duplex with New
For Sale
$639,900
Pending
17 Coral St, Lowell, MA 01851
Vacant units provide flexibility for an owner occupant or investor seeking a two-family property.
Property Size2,560 SF
Days on Market32
Property Features for 17 Coral St
General Information
Standard status
Pending
Size
2,560 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
2,560 SF
Year Built
1880
Buildings
1
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Sep 10
Changed: Oct 11
Last Checked: Oct 11 at 8:34AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This 1880-built duplex contains two residential units within 2560 SF of living area. Both units will be delivered vacant, providing flexibility for an owner occupant or investor. The property also features a brand-new roof, while gas and electric service are separately metered for each unit.
Located in Lowell’s Highlands neighborhood, the property offers access to I-495, the Lowell Connector, and Rte. 3. Downtown Lowell, shopping, and restaurants are also nearby. The home has remained with the same family for over 70 years, adding a long ownership history to this two-family property.
Located in Lowell’s Highlands neighborhood, the property offers access to I-495, the Lowell Connector, and Rte. 3. Downtown Lowell, shopping, and restaurants are also nearby. The home has remained with the same family for over 70 years, adding a long ownership history to this two-family property.
Key Highlights
- Two‑family duplex with 2560 SF of living area
- Both units delivered vacant
- Brand‑new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,723
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,460
$1.0M
Cap Rate 7%
$724,614
$724.6K
Cap Rate 9%
$563,589
$563.6K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$78.3K $30.60/SF
− Vacancy
−$5.9K −$2.30/SF
EGI
$72.5K $28.31/SF
− OpEx
−$21.7K −$8.49/SF
NOI
$50.7K $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%
$1,014,460
Cap Rate 7%
$724,614
Cap Rate 9%
$563,589
Alternative Uses
Best Use
Multifamily LT 5
$724.6K
$634.0K – $845.4K
NOI $50,723 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$652.4K
$570.8K – $761.1K
NOI $45,667 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$901.0K
$788.4K – $1.05M
NOI $63,072 @ 7.0% cap · market cap 9.86%
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
1,260
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant units provide flexibility for an owner occupant or investor seeking a two-family property.
Where is this duplex located?
The property is located at 17 Coral St Lowell, MA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two‑family duplex with 2560 SF of living area; Both units delivered vacant; Brand‑new roof
