Duplex with
For Sale
$719,000
40 Bunker Hill Ave, Lowell, MA 01850
Two separate residences offer a four-bedroom layout in one unit and a two-bedroom layout in the other.
Property Size2,124 SF
Price / SF$338.51
Days on Market20
Property Features for 40 Bunker Hill Ave
General Information
Standard status
Active
Size
2,124 SF
Property subtype
2 Family - 2 Units Side by Side
Site & Location
Neighborhood
Centralville
Units
Unit Mix
1 x 4BR/1BA, 1 x 2BR
Multifamily Units
2
Amenities
parking
shed
yard
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Nina-Soto Realty
Listed By:
Cynthia Nina-Soto
(978) 704-8691
Source:
Ninasoto
Added: Oct 11
Changed: Oct 30
Last Checked: Oct 30 at 2:08AM
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 Nina-Soto Realty
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Investment Insights
Based on property information with market context.
This 2,124-square-foot duplex, built in 1930, contains two distinct living spaces. The larger unit spans two floors, with four bedrooms, hardwood floors on the main level, and carpet upstairs. Its layout also includes a living room connected to a sunroom, a separate dining room, a kitchen, and a full bathroom. The second residence has a kitchen and living area on the first floor, with two bedrooms above.
The property includes on-site parking, a storage shed, and a yard. UMass Lowell is nearby, and downtown Lowell is accessible across a bridge.
The property includes on-site parking, a storage shed, and a yard. UMass Lowell is nearby, and downtown Lowell is accessible across a bridge.
Key Highlights
- Two‑family property totaling 2,124 square feet
- Built in 1930
- First residence has four bedrooms, hardwood flooring downstairs, and carpet upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,084
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,680
$841.7K
Cap Rate 7%
$601,200
$601.2K
Cap Rate 9%
$467,600
$467.6K
Market Conditions
NOI Build-Up for 2,124 SF
Gross rent
$65.0K $30.60/SF
− Vacancy
−$4.9K −$2.30/SF
EGI
$60.1K $28.31/SF
− OpEx
−$18.0K −$8.49/SF
NOI
$42.1K $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%
$841,680
Cap Rate 7%
$601,200
Cap Rate 9%
$467,600
Alternative Uses
Best Use
Multifamily LT 5
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$541.3K
$473.6K – $631.5K
NOI $37,889 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$747.6K
$654.1K – $872.2K
NOI $52,330 @ 7.0% cap · market cap 7.28%
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
1,022
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a four-bedroom layout in one unit and a two-bedroom layout in the other.
Where is this duplex located?
The property is located at 40 Bunker Hill Ave Lowell, MA.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two‑family property totaling 2,124 square feet; Built in 1930; First residence has four bedrooms, hardwood flooring downstairs, and carpet upstairs
