Two-Family Residential Income
33 S Whipple Street Lowell, MA 01852
For Sale
$749,900
Large two-family home with five-plus bedroom layouts, off-street parking, and a large yard.
Property Size2,816 SF
Price / SF$266.30
Days on Market14
Property Features for 33 S Whipple Street
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing Agency:
Doherty Properties
Listed By:
Christian Doherty
(978) 658-2345
Source:
Wilsonwolfe
Added: Jul 10
Changed: Jul 21
Last Checked: Jul 23 at 9:04AM
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 Doherty Properties
Investment Insights
Based on property information with market context.
This large two-family residence offers generous living space with flexible unit layouts. The second-floor unit includes four bedrooms and one full bathroom on the main level, plus an additional fifth bedroom and a second full bathroom on the upper level. The first-floor unit features three bedrooms, one full bathroom, and a separate office.
The property is convenient to Downtown Lowell, UMass Lowell, Lowell General Hospital, shopping, restaurants, and major commuting routes including I-495 and Route 3.
Exterior amenities include ample off-street parking and a large yard for additional outdoor space. Two brand new heating systems and updated plumbing are noted, and one unit will be delivered vacant.
The property is convenient to Downtown Lowell, UMass Lowell, Lowell General Hospital, shopping, restaurants, and major commuting routes including I-495 and Route 3.
Exterior amenities include ample off-street parking and a large yard for additional outdoor space. Two brand new heating systems and updated plumbing are noted, and one unit will be delivered vacant.
Key Highlights
- Large two‑family home built in 1910 with flexible layouts across two separate units
- Second‑floor unit features four bedrooms and one full bathroom on the main level, plus an additional fifth bedroom and second full bathroom on the upper level
- First‑floor unit offers three bedrooms, one full bathroom, and a separate office
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 | $86.2k | $30.60 |
| − Vacancy | −$6.5k | −$2.30 |
| EGI | $79.7k | $28.31 |
| − OpEx | −$23.9k | −$8.49 |
| NOI | $55.8k | $19.81 |
2,816 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$797.1K
$697.4K – $929.9K
NOI $55,795 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$717.6K
$627.9K – $837.2K
NOI $50,233 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$991.1K
$867.2K – $1.16M
NOI $69,379 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Large two-family home with five-plus bedroom layouts, off-street parking, and a large yard.
Where is this duplex located?
The property is located at 33 S Whipple Street Lowell, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Large two‑family home built in 1910 with flexible layouts across two separate units; Second‑floor unit features four bedrooms and one full bathroom on the main level, plus an additional fifth bedroom and second full bathroom on the upper level; First‑floor unit offers three bedrooms, one full bathroom, and a separate office
