Four-Unit Multifamily
For Sale
$950,000
40-48 Primrose Hill Rd, Dracut, MA 01826
Quadplex with four two-bedroom residences and off-street tenant parking in Dracut.
Property Size2,700 SF
Days on Market87
Property Features for 40-48 Primrose Hill Rd
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
8
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,030
Building Details
Building Size
2,700 SF
Year Built
1900
Listing Agency:
J. Borstell Real Estate, Inc.
Listed By:
Patrick Hermans · License #2244
(254) 383-5521
Source:
Classifiedrealtygroup
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 12 at 5:12PM
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 J. Borstell Real Estate, Inc.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains four two-bedroom residences within a building constructed in 1900. Off-street parking is available for residents, adding practical functionality to the property’s residential configuration.
The property is located at 40-48 Primrose Hill Road in Dracut, with access to local amenities, downtown Lowell, and Long Pond. Its unit layout provides a consistent two-bedroom format across all residences.
The property is located at 40-48 Primrose Hill Road in Dracut, with access to local amenities, downtown Lowell, and Long Pond. Its unit layout provides a consistent two-bedroom format across all residences.
Key Highlights
- Four two‑bedroom units
- Off‑street parking for tenants
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,133
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,660
$1.1M
Cap Rate 7%
$816,186
$816.2K
Cap Rate 9%
$634,811
$634.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$85.9K $31.80/SF
− Vacancy
−$4.2K −$1.57/SF
EGI
$81.6K $30.23/SF
− OpEx
−$24.5K −$9.07/SF
NOI
$57.1K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,660
Cap Rate 7%
$816,186
Cap Rate 9%
$634,811
Alternative Uses
Best Use
Multifamily LT 5
$816.2K
$714.2K – $952.2K
NOI $57,133 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$767.4K
$671.5K – $895.4K
NOI $53,721 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,887 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
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?
Quadplex - Quadplex with four two-bedroom residences and off-street tenant parking in Dracut.
Where is this quadplex located?
The property is located at 40-48 Primrose Hill Rd Dracut, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four two‑bedroom units; Off‑street parking for tenants; Built in 1900
