Building Details

Year Built 1920

Listing Agency: RE/MAX Innovative Properties

Listed By: Raymond Boutin · License #9026126 Show Phone

Source: Livianhomesct

Added: Jul 20 Changed: Oct 2 Last Checked: Oct 7 at 12:53PM

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Investment Insights

Based on property information with market context.

This 1920 multifamily property contains four residences with distinct layouts. Two units offer four bedrooms, full baths, and generously sized living rooms; the second-floor residence also includes an exterior wrap-around porch. Another unit is an extended studio with one bath, a separate kitchen, and a private rear entry. The remaining residence spans the second and third floors, with its kitchen, living room, and bath on the second level and three bedrooms above.

Each unit is individually metered and served by separate utilities. Unit 3 is scheduled to be delivered vacant. The property sits across from the Canal walkway and near Market Basket, public transportation, UMass Lowell, North Common and Pool, and the Senior Center.

Key Highlights

• Four‑unit property built in 1920
• Unit 3 to be delivered vacant
• Two residences with 4 bedrooms and full baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,991

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,379,820 $1.4M

Cap Rate 7%

$985,586 $985.6K

Cap Rate 9%

$766,567 $766.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,482 SF

Gross rent

$106.5K $30.60/SF

− Vacancy

−$8.0K −$2.30/SF

EGI

$98.6K $28.31/SF

− OpEx

−$29.6K −$8.49/SF

NOI

$69.0K $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%

$1,379,820

Cap Rate 7%

$985,586

Cap Rate 9%

$766,567

Alternative Uses

Best Use

Multifamily LT 5

$985.6K

$862.4K – $1.15M (±1% cap)

NOI $68,991 @ 7.0% cap · market cap 7.46%

Second Best

Apartment 5plus

$887.3K

$776.4K – $1.04M (±1% cap)

NOI $62,114 @ 7.0% cap · market cap 6.72%

Theoretical Best

Office A

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,788 @ 7.0% cap · market cap 9.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Storage Facility Hotel & Motel Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

3,018

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Individually metered residences feature separate utilities and varied floor plans, including a unit scheduled for vacancy.

Where is this quadplex located?

The property is located at 5 Dublin St Lowell, MA.

What is the asking price?

The asking price for this property is $924,900.

What are key features of this property?

This property features: Four‑unit property built in 1920; Unit 3 to be delivered vacant; Two residences with 4 bedrooms and full baths