Two-Unit Ranch
31-33 Hartford Ave., Dracut, MA 01826
For Sale
New
$639,900
Both residences have separate driveways and private backyard areas, with fencing at one of the yards.
Property Size1,248 SF
Price / SF$512.74
Days on Market3
Property Features for 31-33 Hartford Ave.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
LAER Realty Partners
Listed By:
Sarah Dutra
Source:
Laerrealty
Added: Nov 12
Last Checked: Nov 12 at 2:29PM
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 LAER Realty Partners
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Investment Insights
Based on property information with market context.
Built in 1960, this R3-zoned ranch duplex contains two similar residences. Each has two bedrooms, one full bathroom, an updated kitchen, and a partially finished basement. Washers and dryers are included in both units.
The property is on Hartford Avenue in Dracut, near UMass Lowell and the Lakeview Avenue school complex. Shopping, dining, and major commuter routes are also described as accessible from the property.
Each residence has its own driveway and separate backyard area; one yard is fenced. The roof, heating system, both hot water tanks, and windows were replaced within the last seven years.
The property is on Hartford Avenue in Dracut, near UMass Lowell and the Lakeview Avenue school complex. Shopping, dining, and major commuter routes are also described as accessible from the property.
Each residence has its own driveway and separate backyard area; one yard is fenced. The roof, heating system, both hot water tanks, and windows were replaced within the last seven years.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- Ranch‑style duplex built in 1960; zoned R3
- Both units include updated kitchens, partially finished basements, washers, and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,408
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
$528.2K
Cap Rate 7%
$377,257
$377.3K
Cap Rate 9%
$293,422
$293.4K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$39.7K $31.80/SF
− Vacancy
−$2.0K −$1.57/SF
EGI
$37.7K $30.23/SF
− OpEx
−$11.3K −$9.07/SF
NOI
$26.4K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,160
Cap Rate 7%
$377,257
Cap Rate 9%
$293,422
Alternative Uses
Best Use
Multifamily LT 5
$377.3K
$330.1K – $440.1K
NOI $26,408 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$354.7K
$310.4K – $413.9K
NOI $24,831 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$738.8K
$646.5K – $862.0K
NOI $51,717 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate driveways and private backyard areas, with fencing at one of the yards.
Where is this duplex located?
The property is located at 31-33 Hartford Ave. Dracut, MA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; Ranch‑style duplex built in 1960; zoned R3; Both units include updated kitchens, partially finished basements, washers, and dryers
