Well-Maintained Duplex in
286 Pleasant St, Lowell, MA 01852
Duplex with rental income potential, delivered vacant.
Type:Multi-Family
Property size:
1,764 SFPrice / SF:
$368/SF- Added:
- Apr 28, 2026
- Days on Market:
- 36
- Last Refresh:
- May 21 at 6:38 am
Property Features for 286 Pleasant St
General Information
- Standard status
- Active
- Size
- 1,764 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1981
Listing agent Raymond Boutin
Listing office RE/MAX Innovative Properties
Listing date Apr 28, 2026
Source Gundersheimgroup
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 RE/MAX Innovative Properties
HighLights
- Delivered vacant, offering immediate occupancy or rental potential for both units.
- Duplex configuration ideal for owner‑occupants seeking rental income or investors.
- Each unit features 2 bedrooms, a full bath, eat‑in kitchen, and living area.
- Private basement space for each unit provides storage and laundry.
- Two assigned parking spaces per unit.
- Vinyl replacement windows for enhanced energy efficiency.
Overview
Located at 286-288 Pleasant Street in Lowell, this well-maintained duplex presents an opportunity for both owner-occupants and investors. Each unit features a spacious eat-in kitchen equipped with abundant cabinetry, a comfortably sized living area, two bedrooms, and a full bath. Private basement space is available for each unit, providing convenient storage and laundry facilities. Unit 286 includes a large deck suitable for outdoor enjoyment. Both units benefit from two assigned parking spaces. Vinyl replacement windows are installed to enhance energy efficiency and manage heating costs. The property is located in Middlesex County and is zoned TTF. From 495, take Route 38 North to Left on Rogers Street, to left on Pleasant. Home is on the left. The property offers flexibility, functionality, and potential for equity.
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 | $54.0k | $30.60 |
| − Vacancy | −$4.0k | −$2.30 |
| EGI | $49.9k | $28.31 |
| − OpEx | −$15.0k | −$8.49 |
| NOI | $35.0k | $19.81 |
1,764 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.3K
$436.9K – $582.5K
NOI $34,951 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$449.5K
$393.3K – $524.5K
NOI $31,467 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$620.9K
$543.3K – $724.3K
NOI $43,460 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.2980277
- Latitude
- 42.6343411
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with rental income potential, delivered vacant.
Where is this duplex located?
The property is located at 286 Pleasant St Lowell, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Delivered vacant, offering immediate occupancy or rental potential for both units.; Duplex configuration ideal for owner‑occupants seeking rental income or investors.; Each unit features 2 bedrooms, a full bath, eat‑in kitchen, and living area.
