10-Bedroom
32 Swift St, Lowell, MA 01852
For Sale
New
$739,900
The two residences have separate gas and electric service, with laundry connections set apart in the basement.
Property Size2,904 SF
Days on Market2
Property Features for 32 Swift St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Keynova Group LLC
Listed By:
Brendan Conley
(978) 404-5366
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:22PM
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 Keynova Group LLC
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Investment Insights
Based on property information with market context.
This Lowell duplex contains 10 bedrooms across two residences. Interior finishes include hardwood flooring, granite countertops, and cherry cabinetry in both units. Gas and electric service are separate, and the basement has distinct laundry hookups. The building was insulated in 2024, and PVC plumbing was completed in 2023. The roof is less than 10 years old.
The second-floor residence has a renewed tenant lease with a subsidy, while the first-floor unit is vacant. Parking is limited to the street. The property is in Lowell, with a Walk Score of 84, a Transit Score of 62, and a Bike Score of 50.
The second-floor residence has a renewed tenant lease with a subsidy, while the first-floor unit is vacant. Parking is limited to the street. The property is in Lowell, with a Walk Score of 84, a Transit Score of 62, and a Bike Score of 50.
Key Highlights
- 10 bedrooms across two units
- Separate gas and electric service
- PVC plumbing completed in 2023; building insulation updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,538
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,760
$1.2M
Cap Rate 7%
$821,971
$822.0K
Cap Rate 9%
$639,311
$639.3K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$88.9K $30.60/SF
− Vacancy
−$6.7K −$2.30/SF
EGI
$82.2K $28.31/SF
− OpEx
−$24.7K −$8.49/SF
NOI
$57.5K $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%
$1,150,760
Cap Rate 7%
$821,971
Cap Rate 9%
$639,311
Alternative Uses
Best Use
Multifamily LT 5
$822.0K
$719.2K – $959.0K
NOI $57,538 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$740.0K
$647.5K – $863.4K
NOI $51,803 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.02M
$894.3K – $1.19M
NOI $71,547 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
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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
$397,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lowell, MA
Properties on Market for Duplexes in Lowell
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have separate gas and electric service, with laundry connections set apart in the basement.
Where is this duplex located?
The property is located at 32 Swift St Lowell, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 10 bedrooms across two units; Separate gas and electric service; PVC plumbing completed in 2023; building insulation updated in 2024
