Waterfront Two-Family
40 Lakeshore Drive Dracut, MA 01826
40 Lakeshore Drive, Dracut, MA, 01826
$999,999
For Sale
$999,999
Two-family home on Long Pond with 3-bedroom units, separate utilities, and space for a private dock installation.
Property Size2,735 SF
Price / SF$365.63
Days on Market94
Property Features for 40 Lakeshore Drive
General Information
- Standard status
- Active
- Size
- 2,735 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1949
Listing agency
Re/Max Innovative Properties
(978) 726-1769
Listed by
Dee Blades
Source
Eganrealtygroup
Added: Apr 19 Updated: Jul 20 at 10:28PM Checked: Jul 21 at 7:42AM
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 Re/Max Innovative Properties
Investment Insights
Based on property information with market context.
This waterfront two-family residence is located directly on Long Pond and offers separate living setups in each unit. Both units include three bedrooms and one full bath, with individual electric panels, heating systems, and water heaters.
The property’s setting is designed for outdoor enjoyment, with water views from the home and the ability to install your own dock. That combination can support a range of owner-occupant or rental-focused uses while maintaining day-to-day privacy between the two units.
For anyone seeking a well-maintained 2-family layout with independent utilities, this home provides a straightforward configuration for managing separate households under one roof.
The property’s setting is designed for outdoor enjoyment, with water views from the home and the ability to install your own dock. That combination can support a range of owner-occupant or rental-focused uses while maintaining day-to-day privacy between the two units.
For anyone seeking a well-maintained 2-family layout with independent utilities, this home provides a straightforward configuration for managing separate households under one roof.
Key Highlights
- Waterfront 2‑family home on Long Pond in Dracut
- Year built 1949
- Each unit has 3 bedrooms and 1 full bath
Local 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 | $87.0k | $31.80 |
| − Vacancy | −$4.3k | −$1.57 |
| EGI | $82.7k | $30.23 |
| − OpEx | −$24.8k | −$9.07 |
| NOI | $57.9k | $21.16 |
2,735 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$826.8K
$723.4K – $964.6K
NOI $57,874 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$777.4K
$680.2K – $907.0K
NOI $54,417 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,338 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home on Long Pond with 3-bedroom units, separate utilities, and space for a private dock installation.
Where is this duplex located?
The property is located at 40 Lakeshore Drive Dracut, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Waterfront 2‑family home on Long Pond in Dracut; Year built 1949; Each unit has 3 bedrooms and 1 full bath
