Two-Family Home with Solar
For Sale
$650,000
27 Shaw St, Lowell, MA 01851
MULTI_FAMILY - Lowell, MA
Property Size3,064 SF
Lot Size0.08 Acres
Price / SF$212.14
Days on Market113
Property Features for 27 Shaw St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
USF
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Elementary school
Lincoln
High school
Lowell High
Directions
Chelmsford St. to Shaw St.
Subdivision
Highlands
Standard status
Active
APN
M:123 B:5305 L:27,3183738
Size
3,064 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6749
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty - Merrimack
(978) 692-3280
Listed By:
Claire Ryan
(978) 692-3280
Added: Apr 22
Changed: Aug 1
Last Checked: Aug 12 at 5:06AM
MLS# 73505421
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family home at 27 Shaw St offers a flexible setup for owners or investors. The first-floor unit features three bedrooms, a spacious kitchen, and a large living room. The second unit spans two levels and includes four bedrooms plus a bonus room that can serve as an office or guest space, along with a large eat-in kitchen and a welcoming living room.
Built in 1900 and situated on a 0.08-acre lot, the property is located in Lowell’s Highlands neighborhood. It’s positioned near shopping, the T-station, and the Lowell Connector, providing convenient access to Route 495 and Route 3. The home also has leased solar panels designed to help reduce energy costs.
With a two-unit configuration and commuter-friendly access, the property supports a variety of occupancy and tenancy arrangements.
Built in 1900 and situated on a 0.08-acre lot, the property is located in Lowell’s Highlands neighborhood. It’s positioned near shopping, the T-station, and the Lowell Connector, providing convenient access to Route 495 and Route 3. The home also has leased solar panels designed to help reduce energy costs.
With a two-unit configuration and commuter-friendly access, the property supports a variety of occupancy and tenancy arrangements.
Key Highlights
- Two‑family home with first‑floor 3‑bedroom unit and second unit spanning two levels
- Second unit includes 4 bedrooms plus a bonus room for office or guest use
- Leased solar panels that help reduce energy costs
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
8.41%
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 9.34%
Second Best
Apartment 5plus
$780.8K
$683.2K – $911.0K
NOI $54,657 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.08M
$943.6K – $1.26M
NOI $75,489 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home on a small lot with leased solar panels and flexible living or rental layout in Lowell’s Highlands.
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 $650,000.
What are key features of this property?
This property features: Two‑family home with first‑floor 3‑bedroom unit and second unit spanning two levels; Second unit includes 4 bedrooms plus a bonus room for office or guest use; Leased solar panels that help reduce energy costs
