Residential Income
32 Oliver St Lowell, MA 01854
32 Oliver St, Lowell, MA, 01854
$615,000
Pending
For Sale
$615,000
Pending
Vacant two-story income duplex with seven bedrooms and three full bathrooms, plus private outdoor space on a 5,227 sf lot.
Property Size1,920 SF
Days on Market13
Property Features for 32 Oliver St
General Information
- Standard status
- Pending
- Size
- 1,920 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1866
Listing agency
Prestige Homes Real Estate, LLC
(781) 944-9500
Listed by
Prestige Homes Realty Team
(781) 944-9500
Source
Lockandkeyre
Added: Jul 11 Updated: Jul 21 at 4:15AM Checked: Jul 22 at 4:54AM
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 Prestige Homes Real Estate, LLC
Investment Insights
Based on property information with market context.
This vacant residential income duplex offers 1,920 square feet of living space across two stories. The layout includes seven bedrooms and three full bathrooms, designed to support comfortable, private accommodations throughout the home.
Set on a 5,227 square foot lot, the property includes private outdoor space to complement the interior. The residence is located at 32 Oliver St in Lowell, MA.
The home is currently vacant, presenting an opportunity for an owner to move forward with updates or plan occupancy. Email offers.
Set on a 5,227 square foot lot, the property includes private outdoor space to complement the interior. The residence is located at 32 Oliver St in Lowell, MA.
The home is currently vacant, presenting an opportunity for an owner to move forward with updates or plan occupancy. Email offers.
Key Highlights
- Vacant two‑story duplex income property built in 1866
- 7 bedrooms with 3 full bathrooms across two stories
- 1,920 SF of living space
Local Financial Insights For Multifamily LT 5
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 | $58.8k | $30.60 |
| − Vacancy | −$4.4k | −$2.30 |
| EGI | $54.3k | $28.31 |
| − OpEx | −$16.3k | −$8.49 |
| NOI | $38.0k | $19.81 |
1,920 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.5K
$475.5K – $634.0K
NOI $38,042 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$489.3K
$428.1K – $570.8K
NOI $34,250 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$675.8K
$591.3K – $788.4K
NOI $47,304 @ 7.0% cap · market cap 7.69%
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 - Vacant two-story income duplex with seven bedrooms and three full bathrooms, plus private outdoor space on a 5,227 sf lot.
Where is this duplex located?
The property is located at 32 Oliver St Lowell, MA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Vacant two‑story duplex income property built in 1866; 7 bedrooms with 3 full bathrooms across two stories; 1,920 SF of living space
