Two-Unit Duplex with
45-47 Dracut Street, Lowell, MA 01854
For Sale
$860,000
Both residences have private laundry appliances, kitchens with major appliances, and access to a fenced outdoor area.
Property Size2,490 SF
Price / SF$345.38
Days on Market11
Property Features for 45-47 Dracut Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
porch
off-street parking
in-unit washer/dryer
Full,Concrete
Vinyl,Carpet,Hardwood
Yes
2
No
6
Insulated Windows
Public Record
Living Room,Kitchen,Family Room
2490
Fenced/Enclosed,Fenced
Corner Lot
Public
Insulated Doors
0.22
4
Paved Drive,Off Street,Paved
Stone
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Dick Lepine Real Estate,Inc
Listed By:
Wayne Simmons · License #9077090
(978) 441-2100
Source:
Capelandingre
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 12:30PM
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 Dick Lepine Real Estate,Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,490-square-foot duplex, built in 1920, contains two residences. Each unit has six rooms, including three bedrooms, a full bathroom, a living room, a kitchen, and a family room. Both kitchens are equipped with a stove, refrigerator, and dishwasher, and each residence has its own washer and dryer. Porches provide outdoor space at the units.
The property is on a corner lot and includes a fenced outdoor area, along with a paved driveway and off-street parking. Zoning is TTF.
The property is on a corner lot and includes a fenced outdoor area, along with a paved driveway and off-street parking. Zoning is TTF.
Key Highlights
- 2,490‑square‑foot duplex built in 1920
- Two units, each with 6 rooms, 3 bedrooms, and 1 full bath
- Each kitchen includes a stove, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,336
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,720
$986.7K
Cap Rate 7%
$704,800
$704.8K
Cap Rate 9%
$548,178
$548.2K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$76.2K $30.60/SF
− Vacancy
−$5.7K −$2.30/SF
EGI
$70.5K $28.31/SF
− OpEx
−$21.1K −$8.49/SF
NOI
$49.3K $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%
$986,720
Cap Rate 7%
$704,800
Cap Rate 9%
$548,178
Alternative Uses
Best Use
Multifamily LT 5
$704.8K
$616.7K – $822.3K
NOI $49,336 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$634.5K
$555.2K – $740.3K
NOI $44,418 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$876.4K
$766.8K – $1.02M
NOI $61,347 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
609
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
$360,500
Median Home Value
Market
Average Price Trend$/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 - Both residences have private laundry appliances, kitchens with major appliances, and access to a fenced outdoor area.
Where is this duplex located?
The property is located at 45-47 Dracut Street Lowell, MA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 2,490‑square‑foot duplex built in 1920; Two units, each with 6 rooms, 3 bedrooms, and 1 full bath; Each kitchen includes a stove, refrigerator, and dishwasher
