Multi-Family Residence with
For Sale
$619,000
Pending
30 Barker Street, Lowell, MA 01850
Multi-family property with two full baths and one half bath, recent exterior paint, and off-street parking via a two-car garage.
Property Size2,539 SF
Lot Size0.07 Acres
Days on Market128
Property Features for 30 Barker Street
General Information
Standard status
Pending
Size
2,539 SF
Total Parking Spaces
2
Lot size
0.07 Acres
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
Listed By:
Patricia Burke
(978) 537-8301
Source:
Foster-healey
Added: Apr 16
Changed: Aug 7
Last Checked: Jul 23 at 8:08AM
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 Berkshire Hathaway HomeServices Verani Realty
Investment Insights
Based on property information with market context.
This multi-family residence offers approximately 2,539 square feet of living space and includes upgrades to kitchens and baths. The home features two full bathrooms and one half bathroom, along with bedrooms designed to support flexible living arrangements. The exterior has been recently painted, and additional improvements are noted in the property remarks. A two-car garage provides convenient off-street parking and extra storage.
The property is situated on a 3,049 square foot lot at 30 Barker Street in Lowell, Massachusetts.
With its updated interior finishes, three total bathrooms, and attached parking/storage through the two-car garage, the layout is positioned for either owner-occupant or income-focused use while maintaining a practical residential feel.
The property is situated on a 3,049 square foot lot at 30 Barker Street in Lowell, Massachusetts.
With its updated interior finishes, three total bathrooms, and attached parking/storage through the two-car garage, the layout is positioned for either owner-occupant or income-focused use while maintaining a practical residential feel.
Key Highlights
- Multi‑family residence built in 1890 with 2,539 sq ft of living space
- Includes 2 full bathrooms and 1 half bathroom
- Upgraded kitchens and baths
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
$45,292
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
7.32%
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%
$905,840
$905.8K
Cap Rate 7%
$647,029
$647.0K
Cap Rate 9%
$503,244
$503.2K
Market Conditions
NOI Build-Up for 2,539 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
$88.4K $34.80/SF
− Vacancy
−$6.0K −$2.37/SF
EGI
$82.3K $32.43/SF
− OpEx
−$37.1K −$14.60/SF
NOI
$45.3K $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%
$905,840
Cap Rate 7%
$647,029
Cap Rate 9%
$503,244
Alternative Uses
Best Use
Apartment 5plus
$647.0K
$566.2K – $754.9K
NOI $45,292 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.6K
$781.9K – $1.04M
NOI $62,554 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
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?
Multifamily property - Multi-family property with two full baths and one half bath, recent exterior paint, and off-street parking via a two-car garage.
Where is this multifamily property located?
The property is located at 30 Barker Street Lowell, MA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Multi‑family residence built in 1890 with 2,539 sq ft of living space; Includes 2 full bathrooms and 1 half bathroom; Upgraded kitchens and baths
