Vacant Two-Unit
New
For Sale
$639,900
17 Coral St, Lowell, MA 01851
Residential Income, Lowell, MA
Property Size2,560 SF
Lot Size0.12 Acres
Price / SF$249.96
Days on Market3
Property Features for 17 Coral St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
TTF
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1
Parking
4
Directions
Westford St or Branch St to Coral St
Subdivision
Highlands
Standard status
Active
APN
M: 121 B: 1485 L: 17,3183165
Size
2,560 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7292
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty-Merrimack
(978) 692-3280
Listed By:
Claire Ryan
(978) 996-8287
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 1:06PM
MLS# 73575218
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex offers 2,560 square feet on a 0.12-acre lot, with six bedrooms and two bathrooms across the property. Built in 1880, the home has a brand-new roof, and both units are scheduled for delivery vacant. Separate gas and electric metering supports distinct utility service for each unit.
The property is located in Lowell’s Highlands neighborhood, with access to I-495, the Lowell Connector, and Route 3. Downtown Lowell, shopping, and restaurants are also nearby. TTF zoning is reported for the property, and the layout may accommodate either owner occupancy or continued residential income use.
The property is located in Lowell’s Highlands neighborhood, with access to I-495, the Lowell Connector, and Route 3. Downtown Lowell, shopping, and restaurants are also nearby. TTF zoning is reported for the property, and the layout may accommodate either owner occupancy or continued residential income use.
Key Highlights
- Two‑unit duplex with 2,560 square feet
- 0.12‑acre lot in Lowell’s Highlands neighborhood
- Six bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,723
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two residential units.
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‑unit duplex with 2,560 square feet; 0.12‑acre lot in Lowell’s Highlands neighborhood; Six bedrooms and two bathrooms
