Well-Maintained Lowell Two-Family
18 Pleasant Street Lowell, MA 01852
18 Pleasant Street, Lowell, MA, 01852
$524,900
For Sale
$524,900
Two-family property near downtown Lowell with income potential.
Property Size1,632 SF
Price / SF$321.63
Days on Market84
Property Features for 18 Pleasant Street
General Information
- Standard status
- Active
- Size
- 1,632 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing Agency
RE/MAX Innovative Properties
Listed by
Raymond Boutin
(617) 731-4644
Source
Hammondre
Added: Apr 25 Checked: Jul 17 at 6:07 am
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 Innovative Properties
Investment Insights
Based on property information with market context.
Located at 18 Pleasant Street in Lowell, this well-maintained two-family property offers income potential. Each unit is equipped with separate utilities and washer and dryer hookups. The upper unit features a private deck accessible from the back bedroom, while the lower unit includes access to a small, private backyard. The property is located minutes from downtown Lowell. The second floor unit will be delivered vacant.
Key Highlights
- Strong income potential from a well‑maintained two‑family property.
- Desirable location minutes from downtown Lowell.
- Separate utilities and washer/dryer hookups in each unit.
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 | $49.9k | $30.60 |
| − Vacancy | −$3.7k | −$2.30 |
| EGI | $46.2k | $28.31 |
| − OpEx | −$13.9k | −$8.49 |
| NOI | $32.3k | $19.81 |
1,632 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.2K – $538.9K
NOI $32,336 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$415.9K
$363.9K – $485.2K
NOI $29,112 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$574.4K
$502.6K – $670.1K
NOI $40,208 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property near downtown Lowell with income potential.
Where is this duplex located?
The property is located at 18 Pleasant Street Lowell, MA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Strong income potential from a well‑maintained two‑family property.; Desirable location minutes from downtown Lowell.; Separate utilities and washer/dryer hookups in each unit.
