Duplex with Rear
40 Robert St, Lowell, MA 01854
For Sale
New
$699,900
Two apartments have separate gas, electric, and water meters, with a deck extending the property’s outdoor space.
Property Size2,987 SF
Price / SF$234.32
Days on Market4
Property Features for 40 Robert St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Doherty Properties
Listed By:
Christian Doherty · License #456015020
(978) 857-9580
Source:
Kevinfruh
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 1:57PM
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
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Investment Insights
Based on property information with market context.
Built in 1930, this 2,987-square-foot duplex contains two apartments. The first-floor unit has two bedrooms, one full bathroom, a living room, and a kitchen. The upper apartment spans the second and third floors and includes four bedrooms, two full bathrooms, living areas, and a kitchen with a dining area. Sloped ceilings and skylights distinguish the top-floor rooms, while hardwood floors and wood trim appear throughout. A rear deck provides additional outdoor space, and each apartment includes a refrigerator, washer, and dryer. Gas, electric, and water are separately metered for the units.
The property is located at 40 Robert St in Lowell, near shopping, parks, public transportation, and highway access.
The property is located at 40 Robert St in Lowell, near shopping, parks, public transportation, and highway access.
Key Highlights
- 2,987‑square‑foot duplex built in 1930
- Two apartments: a 2‑bedroom, 1‑bath first‑floor unit and a 4‑bedroom, 2‑bath upper unit
- Separate gas, electric, and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,183
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,660
$1.2M
Cap Rate 7%
$845,471
$845.5K
Cap Rate 9%
$657,589
$657.6K
Market Conditions
NOI Build-Up for 2,987 SF
Gross rent
$91.4K $30.60/SF
− Vacancy
−$6.9K −$2.30/SF
EGI
$84.5K $28.31/SF
− OpEx
−$25.4K −$8.49/SF
NOI
$59.2K $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%
$1,183,660
Cap Rate 7%
$845,471
Cap Rate 9%
$657,589
Alternative Uses
Best Use
Multifamily LT 5
$845.5K
$739.8K – $986.4K
NOI $59,183 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$761.2K
$666.1K – $888.1K
NOI $53,284 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
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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
$360,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lowell, MA
Properties on Market for Duplexes in Lowell
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have separate gas, electric, and water meters, with a deck extending the property’s outdoor space.
Where is this duplex located?
The property is located at 40 Robert St Lowell, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,987‑square‑foot duplex built in 1930; Two apartments: a 2‑bedroom, 1‑bath first‑floor unit and a 4‑bedroom, 2‑bath upper unit; Separate gas, electric, and water meters for each unit
