Building Details

Building Size 3,064 SF

Year Built 1900

Stories 3

Listing Agency: Keller Williams Realty - Merrimack Show Phone

Listed By: Team Correia Show Phone

Source: Churchillprop

Added: Apr 22 Changed: Oct 6 Last Checked: Oct 16 at 6:17AM

Report an Issue

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 Keller Williams Realty - Merrimack

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,064-square-foot duplex, built in 1900, includes two separate residential units with distinct layouts. The first-floor residence offers three bedrooms, a kitchen, and a large living room. The second residence extends across two levels and includes four bedrooms, a bonus room, an eat-in kitchen, and a living room.

Located at 27 Shaw St in Lowell, the property is near shopping, the T-station, and the Lowell Connector. Route 495 and Route 3 are accessible from the property. Leased solar panels are also in place and are described as helping reduce energy costs.

Key Highlights

• 3,064‑square‑foot duplex built in 1900
• First‑floor unit with 3 bedrooms, kitchen, and large living room
• Second unit spans two levels with 4 bedrooms and a bonus room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,657

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,093,140 $1.1M

Cap Rate 7%

$780,814 $780.8K

Cap Rate 9%

$607,300 $607.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,064 SF

Gross rent

$106.6K $34.80/SF

− Vacancy

−$7.3K −$2.37/SF

EGI

$99.4K $32.43/SF

− OpEx

−$44.7K −$14.60/SF

NOI

$54.7K $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%

$1,093,140

Cap Rate 7%

$780,814

Cap Rate 9%

$607,300

Alternative Uses

Best Use

Multifamily LT 5

$867.3K

$758.9K – $1.01M (±1% cap)

NOI $60,709 @ 7.0% cap · market cap 9.71%

Second Best

Apartment 5plus

$780.8K

$683.2K – $911.0K (±1% cap)

NOI $54,657 @ 7.0% cap · market cap 8.75%

Theoretical Best

Office A

$1.08M

$943.6K – $1.26M (±1% cap)

NOI $75,489 @ 7.0% cap · market cap 12.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

METROPOLIS PRE-FORECLOSURES & ACQUISITIONS Financial Advisor

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Spa & Massage Center Hotel & Motel Bakery Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,111

Businesses Nearby

Explore this area Business Placement

Demographics for 01851, MA

32,691

Population

11,759

Households

2.8

Avg Household Size

34

Median Age

32%

College-Educated

79%

High-School Grad

3.2 sq mi

ZIP Area

10,216

Density / Sq Mi

$87,962

Median Household Income

$46,388

Median Earnings

$1,686

Median Rent

$432,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Duplex with Renovation Needs

12-14 Billings St, Lowell, MA 01850

$585,000

3,039 SF

View details

Two-Family Home with Backyard

161 Smith St, Lowell, MA 01851

$675,000

2,979 SF

View details

Duplex with Tandem Parking

332-334 Stevens Street, Lowell, MA 01851

$719,900

3,068 SF

View details

Two-Family Duplex with Parking

8 Cady St, Lowell, MA 01852

$695,000

3,001 SF

View details

Duplex with In-Law Unit

122 S Walker St, Lowell, MA 01851

$679,900

3,323 SF

View details

Three-Story Two-Unit Residence

52-54 Bowden St, Lowell, MA 01852

$739,900

3,264 SF

View details

Two-Unit Duplex with Separate Deck

716 Lawrence St., Lowell, MA 01852

$629,900

2,585 SF

View details

Two-Family Residential Income Property

33 S Whipple Street, Lowell, MA 01852

$749,900

2,816 SF

View details

Two-Family Duplex Property

103 Dalton Street, Lowell, MA 01850

$680,000

3,497 SF

View details

Updated Duplex with Three Levels

60-62 4th St, Lowell, MA 01850

$759,900

3,458 SF

View details

Seven-Bedroom Duplex with Backyard

61 Butterfield St, Lowell, MA 01854

$784,900

3,414 SF

View details

Two-Unit Residential Property

56-58 Pine St, Lowell, MA 01851

$709,000

2,573 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Three- and four-bedroom residences provide flexible layouts for owner occupancy or investment use.

Where is this duplex located?

The property is located at 27 Shaw St Lowell, MA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 3,064‑square‑foot duplex built in 1900; First‑floor unit with 3 bedrooms, kitchen, and large living room; Second unit spans two levels with 4 bedrooms and a bonus room