Spacious Two-Family
For Sale
$650,000
27 Shaw Street, Lowell, MA 01851
Two-family home in Highlands neighborhood, convenient to transportation and shopping.
Property Size3,064 SF
Price / SF$212.14
Days on Market142
Property Features for 27 Shaw Street
General Information
Standard status
Active
Size
3,064 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty - Merrimack
Listed By:
Team Correia
(617) 396-3100
Source:
Longwoodresidential
Added: Mar 24
Changed: Aug 11
Last Checked: Aug 12 at 4:10AM
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
Investment Insights
Based on property information with market context.
This two-family home is located in the Highlands neighborhood. The first-floor unit includes 3 bedrooms, a spacious kitchen, and a large living room. The second unit spans two levels and features 4 bedrooms, a bonus room suitable for an office or guest space, a large eat-in kitchen, and a living room. The property is conveniently located near shopping, the T-station, and the Lowell Connector, offering access to Route 495 and Route 3. The first floor unit will be delivered vacant at closing. The property has leased solar panels that help reduce energy costs. The property size is 3064 square feet.
Key Highlights
- Prime commuter‑friendly location near the T‑station, Lowell Connector, Route 495, and Route 3.
- Two‑family home offering flexibility for owners or investors.
- First‑floor unit delivered vacant at closing.**
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
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 - Two-family home in Highlands neighborhood, convenient to transportation and shopping.
Where is this duplex located?
The property is located at 27 Shaw Street 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: Prime commuter‑friendly location near the T‑station, Lowell Connector, Route 495, and Route 3.; Two‑family home offering flexibility for owners or investors.; First‑floor unit delivered vacant at closing.**
