9-Unit Apartment
3-13 Agawam St., Lowell, MA 01852
For Sale
New
$2,025,000
Two buildings combine residential rentals with an occupied salon and dedicated owner workspace.
Property Size7,565 SF
Price / SF$267.68
Days on Market4
Property Features for 3-13 Agawam St.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full
Tile,Carpet,Hardwood
Yes
9
No
6
14
Public Record
Living Room,Kitchen
7565
Corner Lot
Public
0.21
15
Off Street
Stone
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Foundation Brokerage Group
Listed By:
Kelli Gilbride
(978) 866-2174
Source:
Popularproperties
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 9:05AM
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 Foundation Brokerage Group
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Investment Insights
Based on property information with market context.
The 7,565-square-foot property comprises two buildings with nine total units: five two-bedroom apartments, two one-bedroom apartments, one four-bedroom apartment, and one commercial space occupied by a hair salon. A separate workshop and office area is reserved for owner use. Improvements include updated furnaces and water heaters, and the property has Letters of Lead Compliance. The buildings date to 1937 and are zoned TMU.
Approximately 15 parking spaces serve the residential and commercial occupants. A single keyed system provides access throughout the property. Current rents support an approximately 8.5% cap rate.
Approximately 15 parking spaces serve the residential and commercial occupants. A single keyed system provides access throughout the property. Current rents support an approximately 8.5% cap rate.
Key Highlights
- Nine units across two buildings: five 2‑bedroom, two 1‑bedroom, one 4‑bedroom, and one commercial space
- 7,565 SF property, built in 1937 and zoned TMU
- Commercial unit is occupied by a hair salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,948
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,698,960
$2.7M
Cap Rate 7%
$1,927,829
$1.9M
Cap Rate 9%
$1,499,422
$1.5M
Market Conditions
NOI Build-Up for 7,565 SF
Gross rent
$263.3K $34.80/SF
− Vacancy
−$17.9K −$2.37/SF
EGI
$245.4K $32.43/SF
− OpEx
−$110.4K −$14.60/SF
NOI
$134.9K $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%
$2,698,960
Cap Rate 7%
$1,927,829
Cap Rate 9%
$1,499,422
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $134,948 @ 7.0% cap · market cap 6.66%
Second Best
Mixed Use
$1.79M
$1.57M – $2.09M
NOI $125,276 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,382 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Market
Properties on Market for Apartment buildings in Lowell
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings combine residential rentals with an occupied salon and dedicated owner workspace.
Where is this apartment building located?
The property is located at 3-13 Agawam St. Lowell, MA.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Nine units across two buildings: five 2‑bedroom, two 1‑bedroom, one 4‑bedroom, and one commercial space; 7,565 SF property, built in 1937 and zoned TMU; Commercial unit is occupied by a hair salon
