Residential Income
For Sale
$250,000
219 Central St 2B, Lowell, MA 01852
The condominium was built in 1985 and has walk, bike, and transit scores of 84, 50, and 62, respectively.
Property Size604 SF
Days on Market17
Property Features for 219 Central St 2B
General Information
Standard status
Active
Size
604 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,344
Building Details
Building Size
604 SF
Year Built
1985
Listed By:
Amy Towne
(781) 999-2526
Source:
Elliman
Added: Sep 26
Changed: Oct 6
Last Checked: Oct 11 at 6:43AM
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 Amy Towne
Investment Insights
Based on property information with market context.
This residential condominium at 219 Central St 2B in Lowell, Massachusetts, was built in 1985. Its walk score is 84, bike score is 50, and transit score is 62.
Key Highlights
- Built in 1985
- Walk score: 84
- Transit score: 62
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,774
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,480
$215.5K
Cap Rate 7%
$153,914
$153.9K
Cap Rate 9%
$119,711
$119.7K
Market Conditions
NOI Build-Up for 604 SF
Gross rent
$21.0K $34.80/SF
− Vacancy
−$1.4K −$2.37/SF
EGI
$19.6K $32.43/SF
− OpEx
−$8.8K −$14.60/SF
NOI
$10.8K $17.84/SF
Area
Lowell, MA
Vacancy
6.80%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,480
Cap Rate 7%
$153,914
Cap Rate 9%
$119,711
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,774 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$212.6K
$186.0K – $248.0K
NOI $14,881 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,417
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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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium was built in 1985 and has walk, bike, and transit scores of 84, 50, and 62, respectively.
Where is this residential income property located?
The property is located at 219 Central St 2B Lowell, MA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Built in 1985; Walk score: 84; Transit score: 62
