Two-Family Residence with
223 Stackpole St Lowell, MA 01852
223 Stackpole St, Lowell, MA, 01852
$599,900
For Sale
$599,900
Well-maintained two-family home with move-in condition units, basement access, and a spacious yard with garden area.
Property Size2,210 SF
Price / SF$271.45
Days on Market55
Property Features for 223 Stackpole St
General Information
- Standard status
- Active
- Size
- 2,210 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
LAER Realty Partners
(617) 327-7500
Listed by
The Rogers / Melo Team
Source
Kevinfruh
Added: May 28 Updated: Jul 21 at 1:07AM Checked: Jul 21 at 6:17AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers two separate living units in a configuration suited for both owner-occupancy and rental use. The first-floor unit includes gas space heating and a pantry with a washer and dryer, along with access to the basement. The second-floor unit has access to a walk-up attic and a younger FHA gas furnace. Additional updates include a chimney update.
The property includes a spacious yard with a garden area. It is also described as conveniently located near shopping, restaurants, schools, public transportation, and major highways.
Additional residential features mentioned include natural light and functional living space in both units, along with move-in condition overall.
The property includes a spacious yard with a garden area. It is also described as conveniently located near shopping, restaurants, schools, public transportation, and major highways.
Additional residential features mentioned include natural light and functional living space in both units, along with move-in condition overall.
Key Highlights
- Well‑maintained 2‑family home (built 1890) with move‑in condition units
- 1st‑floor unit includes gas space heating, pantry with washer & dryer, and basement access
- 2nd‑floor unit has access to a walk‑up attic and a young FHA gas furnace
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 | $67.6k | $30.60 |
| − Vacancy | −$5.1k | −$2.30 |
| EGI | $62.6k | $28.31 |
| − OpEx | −$18.8k | −$8.49 |
| NOI | $43.8k | $19.81 |
2,210 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.5K
$547.4K – $729.8K
NOI $43,788 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$563.2K
$492.8K – $657.1K
NOI $39,423 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$777.8K
$680.6K – $907.5K
NOI $54,449 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with move-in condition units, basement access, and a spacious yard with garden area.
Where is this duplex located?
The property is located at 223 Stackpole St Lowell, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Well‑maintained 2‑family home (built 1890) with move‑in condition units; 1st‑floor unit includes gas space heating, pantry with washer & dryer, and basement access; 2nd‑floor unit has access to a walk‑up attic and a young FHA gas furnace
