Two-Family Residential Income
318 High St Lowell, MA 01852
318 High St, Lowell, MA, 01852
$639,900
For Sale
$639,900
Well-maintained two-family home with shared basement laundry and an exterior porch.
Property Size3,138 SF
Lot Size0.05 Acres
Price / SF$203.92
Days on Market43
Property Features for 318 High St
General Information
- Standard status
- Active
- Size
- 3,138 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing agency
United Brokers
(781) 629-2258
Listed by
Goldpath Real Estate Group
Source
Aucoinryanrealty
Added: Jun 9 Updated: Jul 20 at 8:03PM Checked: Jul 20 at 8:03PM
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 United Brokers
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers a practical layout for residential use, featuring approximately 3,138 square feet of total living space. The first-floor unit includes three bedrooms, one full bathroom, and comfortable living areas with natural light. Residents also have access to a shared washer and dryer located in the basement, along with an exterior porch for outdoor relaxation.
The property is located in Lowell and is described as being convenient to local amenities, shopping, dining, schools, and major commuter routes. It may appeal to owner-occupants and investors seeking a versatile residential income asset.
The home’s two-family configuration and maintained condition provide a straightforward foundation for continued upkeep and future improvements.
The property is located in Lowell and is described as being convenient to local amenities, shopping, dining, schools, and major commuter routes. It may appeal to owner-occupants and investors seeking a versatile residential income asset.
The home’s two-family configuration and maintained condition provide a straightforward foundation for continued upkeep and future improvements.
Key Highlights
- Two‑family home built in 1900 in Lowell
- Approximately 3,138 SF total living space on a 2,178 SF lot
- First‑floor unit offers 3 bedrooms and 1 full bathroom
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $34.80 |
| − Vacancy | −$7.4k | −$2.37 |
| EGI | $101.8k | $32.43 |
| − OpEx | −$45.8k | −$14.60 |
| NOI | $56.0k | $17.84 |
3,138 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$888.2K
$777.2K – $1.04M
NOI $62,175 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$799.7K
$699.7K – $933.0K
NOI $55,977 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.10M
$966.4K – $1.29M
NOI $77,312 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with shared basement laundry and an exterior porch.
Where is this duplex located?
The property is located at 318 High St 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: Two‑family home built in 1900 in Lowell; Approximately 3,138 SF total living space on a 2,178 SF lot; First‑floor unit offers 3 bedrooms and 1 full bathroom
