Vacant Three-Unit
171 Lowell Street Peabody, MA 01960
171 Lowell Street, Peabody, MA, 01960
$1,299,900
For Sale
$1,299,900
Triplex with three distinct units, including a two-level unit with a primary suite and private balcony, delivered vacant.
Property Size3,912 SF
Price / SF$332.29
Days on Market110
Property Features for 171 Lowell Street
General Information
- Standard status
- Active
- Size
- 3,912 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX Platinum
(781) 844-5070
Listed by
Kristen Ruggiero
Source
Eganrealtygroup
Added: Apr 3 Updated: Jul 20 at 5:05 pm Checked: Jul 20 at 5:05 pm
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
Well-maintained three-unit triplex featuring separate layouts across all floors and delivered vacant. The first unit is a studio with hardwood floors, a full bath, and an open kitchen and living/sleeping area. The second unit includes one bedroom, a spacious living room with a fireplace and bay window, and an eat-in kitchen. The third unit is spread over two levels, with a main floor offering three bedrooms, two full baths, a large kitchen, a separate dining area, and a living room with a fireplace. Upstairs, the unit has a spacious primary suite with a full bath and private balcony.
The property includes a three-car garage and is located at 171 Lowell Street in Peabody. It also has a strong rental history, with convenient access to local amenities and major routes.
For buyers, the current vacancy and clear unit separation may simplify occupancy planning, while the varied unit mix provides multiple floorplan options within one building.
The property includes a three-car garage and is located at 171 Lowell Street in Peabody. It also has a strong rental history, with convenient access to local amenities and major routes.
For buyers, the current vacancy and clear unit separation may simplify occupancy planning, while the varied unit mix provides multiple floorplan options within one building.
Key Highlights
- Triplex with 3 distinct units; third unit is a two‑level layout with a primary suite, full bath, and private balcony
- First unit: studio with hardwood floors, full bath, and open kitchen and living/sleeping area
- Second unit: 1‑bedroom with spacious living room featuring a fireplace and bay window, plus an eat‑in kitchen
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 | $98.6k | $25.20 |
| − Vacancy | −$4.4k | −$1.13 |
| EGI | $94.1k | $24.07 |
| − OpEx | −$28.2k | −$7.22 |
| NOI | $65.9k | $16.85 |
3,912 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$941.5K
$823.8K – $1.10M
NOI $65,902 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$849.8K
$743.6K – $991.5K
NOI $59,487 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,112 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three distinct units, including a two-level unit with a primary suite and private balcony, delivered vacant.
Where is this triplex located?
The property is located at 171 Lowell Street Peabody, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Triplex with 3 distinct units; third unit is a two‑level layout with a primary suite, full bath, and private balcony; First unit: studio with hardwood floors, full bath, and open kitchen and living/sleeping area; Second unit: 1‑bedroom with spacious living room featuring a fireplace and bay window, plus an eat‑in kitchen
