Three-Unit Residential
New
For Sale
$799,995
321-323 Lawrence Street, Lowell, MA 01850
Three separately metered residences offer a vacant-unit option and off-street parking.
Property Size2,723 SF
Price / SF$293.79
Days on Market7
Property Features for 321-323 Lawrence Street
General Information
Standard status
Active
Size
2,723 SF
Total Parking Spaces
4
Property subtype
Multi-family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR+flex
Multifamily Units
3
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Century 21 North East
Listed By:
Fermin Group
(978) 208-0449
Source:
Campionre
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 8:41AM
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 Century 21 North East
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property contains one residence on each floor, with two bedrooms and a flex room per unit. The second- and third-floor units have been freshly painted, and the roof was replaced in 2024. Each unit has separate utility metering. One residence will be vacant at closing, and the property includes off-street parking for four vehicles and a backyard.
The property is at 321-323 Lawrence St in Lowell, near downtown Lowell, the Gallagher Transit Terminal, UMass Lowell, and major routes.
The property is at 321-323 Lawrence St in Lowell, near downtown Lowell, the Gallagher Transit Terminal, UMass Lowell, and major routes.
Key Highlights
- Three units, each with 2 bedrooms and a flex room
- Each residence is separately metered for utilities
- One unit will be delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,952
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,040
$1.1M
Cap Rate 7%
$770,743
$770.7K
Cap Rate 9%
$599,467
$599.5K
Market Conditions
NOI Build-Up for 2,723 SF
Gross rent
$83.3K $30.60/SF
− Vacancy
−$6.2K −$2.30/SF
EGI
$77.1K $28.31/SF
− OpEx
−$23.1K −$8.49/SF
NOI
$54.0K $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%
$1,079,040
Cap Rate 7%
$770,743
Cap Rate 9%
$599,467
Alternative Uses
Best Use
Multifamily LT 5
$770.7K
$674.4K – $899.2K
NOI $53,952 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$693.9K
$607.2K – $809.6K
NOI $48,574 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,088 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences offer a vacant-unit option and off-street parking.
Where is this triplex located?
The property is located at 321-323 Lawrence Street Lowell, MA.
What is the asking price?
The asking price for this property is $799,995.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and a flex room; Each residence is separately metered for utilities; One unit will be delivered vacant at closing
