Four-Unit Mixed-Use
46 Howard St Lowell, MA 01851
46 Howard St, Lowell, MA, 01851
$779,900
For Sale
$779,900
Four-unit mixed-use building with two-bedroom residences plus a ground-floor commercial retail space.
Property Size3,337 SF
Price / SF$233.71
Days on Market35
Property Features for 46 Howard St
General Information
- Standard status
- Active
- Size
- 3,337 SF
- Property subtype
- 4 Family - 4 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Prime Properties, Inc.
(774) 239-8898
Listed by
Shawn Curran
(774) 239-8898
Source
Lockandkeyre
Added: Jun 17 Updated: Jul 20 at 8:40PM Checked: Jul 21 at 3:11AM
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 Prime Properties, Inc.
Investment Insights
Based on property information with market context.
This four-unit mixed-use property includes two 2-bedroom, 1-bath units, a townhouse-style 2-bedroom, 1-bath unit, and a commercial/retail space currently operating as a barbershop. The residential units are heated with forced hot air gas systems, and the barbershop space has electric heat. Tenants pay their own utilities except for water.
The property has been maintained and upgraded over the last few years, with recent work completed by the current owners. The commercial space may be converted to residential use if desired, providing flexibility for future configuration.
Overall, the building is positioned as a residential income asset with an included retail storefront, offering separate utility responsibility across units while water is covered by the owner.
The property has been maintained and upgraded over the last few years, with recent work completed by the current owners. The commercial space may be converted to residential use if desired, providing flexibility for future configuration.
Overall, the building is positioned as a residential income asset with an included retail storefront, offering separate utility responsibility across units while water is covered by the owner.
Key Highlights
- 4‑unit mixed‑use building (2) 2BR/1BA units, (1) townhouse‑style 2BR/1BA, plus ground‑floor commercial retail space
- Ground‑floor retail space is currently used as a barbershop (electric heat included); could be converted to residential space if desired
- Residential units use forced hot air gas heating systems; barber shop has electric heat
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 | $102.1k | $30.60 |
| − Vacancy | −$7.7k | −$2.30 |
| EGI | $94.5k | $28.31 |
| − OpEx | −$28.3k | −$8.49 |
| NOI | $66.1k | $19.81 |
3,337 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$944.5K
$826.5K – $1.10M
NOI $66,118 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$850.4K
$744.1K – $992.1K
NOI $59,527 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,215 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit mixed-use building with two-bedroom residences plus a ground-floor commercial retail space.
Where is this quadplex located?
The property is located at 46 Howard St Lowell, MA.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: 4‑unit mixed‑use building (2) 2BR/1BA units, (1) townhouse‑style 2BR/1BA, plus ground‑floor commercial retail space; Ground‑floor retail space is currently used as a barbershop (electric heat included); could be converted to residential space if desired; Residential units use forced hot air gas heating systems; barber shop has electric heat
