18 Pleasant St, Lowell, MA 01852
Well-maintained two-family with separate utilities and laundry hookups, plus deck and backyard; second floor delivered vacant.
- Added:
- May 8, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 4 at 3:15 am
Property Features for 18 Pleasant St
General Information
- Standard status
- Active
- Size
- 1,632 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1880
Listing office Karen M. Overtoom R.E. (978) 578-5013
Listing date May 8, 2026
Source Churchillprop
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 Karen M. Overtoom R.E.
HighLights
- Well‑maintained two‑family built in 1880
- Each unit has separate utilities
- Washer and dryer hookups in both units
- Second‑floor unit to be delivered vacant
- Upper unit features a private deck off the back bedroom
- Lower unit includes access to a small, private backyard
Overview
Located in Lowell, the property is described as being just minutes from downtown Lowell, supporting convenient access to area amenities. The overall layout includes distinct living areas tied to their own utility setup, making it straightforward to manage day-to-day occupancy.
From an ownership standpoint, the configuration can appeal to buyers looking to live in one unit while renting the other, since the units are designed to function with independence in utilities and laundry. With the second floor to be delivered vacant, prospective residents and investors also have flexibility for immediate occupancy planning. The outdoor spaces attached to both levels add practical everyday value for occupants.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3007555
- Latitude
- 42.6413605
