3-Unit Multifamily
For Sale
$925,000
19 Willow Street, Lowell, MA 01852
Three-bedroom units with separately metered utilities and one vacant apartment at delivery.
Property Size3,822 SF
Lot Size0.08 Acres
Price / SF$242.02
Days on Market8
Property Features for 19 Willow Street
General Information
Standard status
Active
Size
3,822 SF
Total Parking Spaces
2
Lot size
0.08 Acres
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2015
Listing Agency:
Horvath & Tremblay
Listed By:
Spencer Norton
(978) 537-8301
Source:
Foster-healey
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 9:49AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Built in 2015, this triplex contains three three-bedroom, one-bathroom apartments with 3,822 square feet of gross living area within 5,144 square feet of gross area. The property occupies a 0.08-acre parcel and includes two off-street parking spaces.
Each apartment has separate metering, with tenants responsible for heat, hot water, electric, and central air conditioning. The third-floor unit is currently vacant and will be delivered vacant, allowing the incoming owner to take possession of that apartment at closing. Located at 19 Willow Street in Lowell, Massachusetts.
Each apartment has separate metering, with tenants responsible for heat, hot water, electric, and central air conditioning. The third-floor unit is currently vacant and will be delivered vacant, allowing the incoming owner to take possession of that apartment at closing. Located at 19 Willow Street in Lowell, Massachusetts.
Key Highlights
- Three 3‑bedroom/1‑bathroom units
- 3,822 square feet of gross living area in 5,144 square feet of gross area
- Built in 2015 on a 0.08‑acre parcel
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
$75,727
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
8.19%
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%
$1,514,540
$1.5M
Cap Rate 7%
$1,081,814
$1.1M
Cap Rate 9%
$841,411
$841.4K
Market Conditions
NOI Build-Up for 3,822 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
$117.0K $30.60/SF
− Vacancy
−$8.8K −$2.30/SF
EGI
$108.2K $28.31/SF
− OpEx
−$32.5K −$8.49/SF
NOI
$75.7K $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%
$1,514,540
Cap Rate 7%
$1,081,814
Cap Rate 9%
$841,411
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$946.6K – $1.26M
NOI $75,727 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$974.0K
$852.2K – $1.14M
NOI $68,179 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,164 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,986
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom units with separately metered utilities and one vacant apartment at delivery.
Where is this triplex located?
The property is located at 19 Willow Street Lowell, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three 3‑bedroom/1‑bathroom units; 3,822 square feet of gross living area in 5,144 square feet of gross area; Built in 2015 on a 0.08‑acre parcel
