5-Unit Apartment
For Sale
$999,900
316 Rogers St, Lowell, MA 01852
Residential property with varied bedroom layouts, a garage, and a small grass area for tenants.
Property Size3,728 SF
Days on Market11
Property Features for 316 Rogers St
General Information
Standard status
Active
Size
3,728 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
SSF
Units
Unit Mix
4 x 2BR, 1 x 1BR
Multifamily Units
5
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,607
Amenities
grass area
Building Details
Building Size
3,728 SF
Year Built
1920
Stories
3
Units
5
Listing Agency:
J. Borstell Real Estate, Inc.
(254) 383-5521
Listed By:
Patrick Hermans · License #2244
(254) 383-5521
Source:
Startpoint
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 11 at 1:36PM
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 J. Borstell Real Estate, Inc.
Investment Insights
Based on property information with market context.
316 Rogers St is an apartment building containing five residential units, with four two-bedroom apartments and one one-bedroom apartment. The property also includes a two-car garage and a small grass area intended for tenant use. Built in 1920, the building carries SSF zoning.
The property sits just off I-495 in Lowell, providing access to major highways and surrounding employment centers. Its address is 316 Rogers St, Lowell, MA 01852.
The property sits just off I-495 in Lowell, providing access to major highways and surrounding employment centers. Its address is 316 Rogers St, Lowell, MA 01852.
Key Highlights
- Five residential units: four 2‑bedroom units and one 1‑bedroom unit
- Two‑car garage included
- Small grass area for tenants
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
$66,502
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
6.65%
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%
$1,330,040
$1.3M
Cap Rate 7%
$950,029
$950.0K
Cap Rate 9%
$738,911
$738.9K
Market Conditions
NOI Build-Up for 3,728 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
$129.7K $34.80/SF
− Vacancy
−$8.8K −$2.37/SF
EGI
$120.9K $32.43/SF
− OpEx
−$54.4K −$14.60/SF
NOI
$66.5K $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%
$1,330,040
Cap Rate 7%
$950,029
Cap Rate 9%
$738,911
Alternative Uses
Best Use
Apartment 5plus
$950.0K
$831.3K – $1.11M
NOI $66,502 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,848 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
487
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential property with varied bedroom layouts, a garage, and a small grass area for tenants.
Where is this apartment building located?
The property is located at 316 Rogers St Lowell, MA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Five residential units: four 2‑bedroom units and one 1‑bedroom unit; Two‑car garage included; Small grass area for tenants
