Duplex with One-Stall
For Sale
$814,900
36 Plymouth St, Lowell, MA 01854
Two-unit property with hardwood floors, off-street parking, and a one-stall garage.
Property Size3,410 SF
Price / SF$238.97
Days on Market91
Property Features for 36 Plymouth St
General Information
Standard status
Active
Size
3,410 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
TMF
Occupancy
100%
Net Operating Income
$69,600
Units
Unit Mix
1 x 4BR, 1 x 5BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,686
Building Details
Building Size
3,410 SF
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
Atlantic Properties
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 31 at 2:06PM
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 Atlantic Properties
Investment Insights
Based on property information with market context.
This duplex contains 3,410 square feet and was built in 1930. The first unit includes four bedrooms, while the second has five bedrooms. Hardwood flooring extends throughout the house, and the property includes off-street parking along with a one-stall garage. The building is currently fully rented.
Located at 36 Plymouth St in Lowell, the property is near the South Campus of U-Mass. Its proximity to campus has supported predominantly student occupancy. TMF zoning is listed for the property.
Located at 36 Plymouth St in Lowell, the property is near the South Campus of U-Mass. Its proximity to campus has supported predominantly student occupancy. TMF zoning is listed for the property.
Key Highlights
- 3,410‑square‑foot duplex built in 1930
- Four bedrooms in the first unit and five bedrooms in the second
- Currently fully rented with predominantly student occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,564
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,351,280
$1.4M
Cap Rate 7%
$965,200
$965.2K
Cap Rate 9%
$750,711
$750.7K
Market Conditions
NOI Build-Up for 3,410 SF
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.
Gross rent
$104.3K $30.60/SF
− Vacancy
−$7.8K −$2.30/SF
EGI
$96.5K $28.31/SF
− OpEx
−$29.0K −$8.49/SF
NOI
$67.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,351,280
Cap Rate 7%
$965,200
Cap Rate 9%
$750,711
Alternative Uses
Best Use
Multifamily LT 5
$965.2K
$844.6K – $1.13M
NOI $67,564 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$869.0K
$760.4K – $1.01M
NOI $60,829 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,014 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with hardwood floors, off-street parking, and a one-stall garage.
Where is this duplex located?
The property is located at 36 Plymouth St Lowell, MA.
What is the asking price?
The asking price for this property is $814,900.
What are key features of this property?
This property features: 3,410‑square‑foot duplex built in 1930; Four bedrooms in the first unit and five bedrooms in the second; Currently fully rented with predominantly student occupancy
