Updated Two-Unit
New
For Sale
$639,900
31-37 Monarch Street, Lowell, MA 01854
Each residence has its own fenced backyard and private driveway, with utilities separately metered except for water.
Property Size1,776 SF
Price / SF$360.30
Days on Market7
Property Features for 31-37 Monarch Street
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1965
Buildings
1
Tenancy
Single
Listing Agency:
eXp Realty LLC
Listed By:
Candor Investment Group
(978) 710-5616
Source:
Campionre
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:29AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex, built in 1965, has two side-by-side residences with open layouts. One home includes three bedrooms and one full bath and will be vacant at delivery; the other has two bedrooms and one full bath and is currently occupied. Both interiors have been renovated, with hardwood flooring, remodeled kitchens featuring granite counters, stainless steel appliances and new cabinetry, plus updated bathrooms.
The property is at 31-37 Monarch Street in Lowell, Massachusetts, near the Dracut line. Each unit has a separate fenced backyard and private driveway. Utilities are independent except for water.
The property is at 31-37 Monarch Street in Lowell, Massachusetts, near the Dracut line. Each unit has a separate fenced backyard and private driveway. Utilities are independent except for water.
Key Highlights
- 1,776‑square‑foot, two‑unit duplex built in 1965
- One 3‑bedroom, 1‑bath unit will be vacant at delivery
- Occupied residence has 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,189
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,780
$703.8K
Cap Rate 7%
$502,700
$502.7K
Cap Rate 9%
$390,989
$391.0K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$54.3K $30.60/SF
− Vacancy
−$4.1K −$2.30/SF
EGI
$50.3K $28.31/SF
− OpEx
−$15.1K −$8.49/SF
NOI
$35.2K $19.81/SF
Area
Lowell, MA
Vacancy
7.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,780
Cap Rate 7%
$502,700
Cap Rate 9%
$390,989
Alternative Uses
Best Use
Multifamily LT 5
$502.7K
$439.9K – $586.5K
NOI $35,189 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$452.6K
$396.0K – $528.0K
NOI $31,681 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$625.1K
$547.0K – $729.3K
NOI $43,756 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own fenced backyard and private driveway, with utilities separately metered except for water.
Where is this duplex located?
The property is located at 31-37 Monarch Street Lowell, 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: 1,776‑square‑foot, two‑unit duplex built in 1965; One 3‑bedroom, 1‑bath unit will be vacant at delivery; Occupied residence has 2 bedrooms and 1 full bath
