Historic Three-Unit
For Sale
$649,900
45 Varney St, Lowell, MA 01854
Separate utilities, off-street parking, and a fenced yard complement this character-rich multifamily property.
Property Size2,064 SF
Price / SF$314.87
Days on Market51
Property Features for 45 Varney St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
3 Family
Site & Location
Neighborhood
Acre
Additional Details
Multifamily Units
3
Amenities
fenced yard
walk-up attic
Building Details
Building Size
2,064 SF
Year Built
1870
Construction
Italianate
Listing Agency:
Coldwell Banker Realty - Lowell
(603) 334-1900
Listed By:
Katy Barry
(508) 572-1838
Source:
Iverty
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 30 at 3:35PM
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 Coldwell Banker Realty - Lowell
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1870, this three-unit property combines historic architectural detail with a practical residential layout. The first-floor unit spans the full level and offers high ceilings, hardwood floors, a living room, formal dining room, eat-in kitchen, and a flexible two- to three-bedroom arrangement. Two additional units occupy the upper floor, each with one bedroom, a living room, kitchen, and full bath. One of the upstairs units also includes a walk-up attic for storage.
The property includes off-street parking, a fenced yard, and separate utilities. Notable updates include a newer roof, a rebuilt back retaining wall, extensive plumbing improvements, and lead removal. The address has a Walk Score of 75, a Bike Score of 52, and a Transit Score of 41.
The property includes off-street parking, a fenced yard, and separate utilities. Notable updates include a newer roof, a rebuilt back retaining wall, extensive plumbing improvements, and lead removal. The address has a Walk Score of 75, a Bike Score of 52, and a Transit Score of 41.
Key Highlights
- Three‑unit multifamily property built in 1870
- First‑floor unit offers a flexible 2‑3 bedroom layout
- Two upper‑level units each include 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,895
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,900
$817.9K
Cap Rate 7%
$584,214
$584.2K
Cap Rate 9%
$454,389
$454.4K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$63.2K $30.60/SF
− Vacancy
−$4.7K −$2.30/SF
EGI
$58.4K $28.31/SF
− OpEx
−$17.5K −$8.49/SF
NOI
$40.9K $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%
$817,900
Cap Rate 7%
$584,214
Cap Rate 9%
$454,389
Alternative Uses
Best Use
Multifamily LT 5
$584.2K
$511.2K – $681.6K
NOI $40,895 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$526.0K
$460.2K – $613.7K
NOI $36,819 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$726.5K
$635.7K – $847.5K
NOI $50,852 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,675
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities, off-street parking, and a fenced yard complement this character-rich multifamily property.
Where is this triplex located?
The property is located at 45 Varney St Lowell, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1870; First‑floor unit offers a flexible 2‑3 bedroom layout; Two upper‑level units each include 1 bedroom and 1 full bath
