Duplex with Two Distinct
For Sale
$625,000
27 Shaw St, Lowell, MA 01851
Three- and four-bedroom residences provide flexible layouts for owner occupancy or investment use.
Property Size3,064 SF
Price / SF$203.98
Days on Market133
Property Features for 27 Shaw St
General Information
Standard status
Active
Size
3,064 SF
Property subtype
Multi-Family
Zoning
USF
Net Operating Income
$32,400
Taxes and HOA fees
Annual Taxes
$6,749
Building Details
Building Size
3,064 SF
Year Built
1900
Stories
3
Listing Agency:
REMAX Executive Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Apr 22
Changed: Aug 31
Last Checked: Aug 31 at 1:59PM
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 REMAX Executive Realty
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.
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 = 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
$54,657
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
8.75%
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%
$1,093,140
$1.1M
Cap Rate 7%
$780,814
$780.8K
Cap Rate 9%
$607,300
$607.3K
Market Conditions
NOI Build-Up for 3,064 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
$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 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%
$1,093,140
Cap Rate 7%
$780,814
Cap Rate 9%
$607,300
Alternative Uses
Best Use
Multifamily LT 5
$867.3K
$758.9K – $1.01M
NOI $60,709 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$780.8K
$683.2K – $911.0K
NOI $54,657 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.08M
$943.6K – $1.26M
NOI $75,489 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
