Two-Family Residence with Private Outdoor
For Sale
$519,900
18 Pleasant St, Lowell, MA 01852
Well-maintained two-family with separate utilities and laundry hookups, plus deck and backyard; second floor delivered vacant.
Property Size1,632 SF
Price / SF$318.57
Days on Market98
Property Features for 18 Pleasant St
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1880
Listing Agency:
RE/MAX Innovative Properties
Listed By:
Raymond Boutin · License #9026126
(603) 434-4101
Source:
Gooddeedsrealtypartners
Added: Jun 30
Changed: Sep 10
Last Checked: Oct 4 at 12:32PM
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.
This well-maintained two-family residence is set up for independent living, with each unit having separate utilities and washer and dryer hookups. The upper unit includes a private deck off the back bedroom, providing an outdoor space for everyday use. The lower unit offers access to a small, private backyard for quiet, outdoor relaxation. Lead certificates are in hand, and the second-floor unit is to be delivered vacant.
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.
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.
Key Highlights
- Well‑maintained two‑family built in 1880
- Each unit has separate utilities
- Washer and dryer hookups in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,336
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,720
$646.7K
Cap Rate 7%
$461,943
$461.9K
Cap Rate 9%
$359,289
$359.3K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$49.9K $30.60/SF
− Vacancy
−$3.7K −$2.30/SF
EGI
$46.2K $28.31/SF
− OpEx
−$13.9K −$8.49/SF
NOI
$32.3K $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%
$646,720
Cap Rate 7%
$461,943
Cap Rate 9%
$359,289
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.2K – $538.9K
NOI $32,336 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$415.9K
$363.9K – $485.2K
NOI $29,112 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$574.4K
$502.6K – $670.1K
NOI $40,208 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
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 - Well-maintained two-family with separate utilities and laundry hookups, plus deck and backyard; second floor delivered vacant.
Where is this duplex located?
The property is located at 18 Pleasant St Lowell, MA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Well‑maintained two‑family built in 1880; Each unit has separate utilities; Washer and dryer hookups in both units
