Renovated Lower Belvidere
50-52 Willow Street Lowell, MA 01852
New
For Sale
$849,900
Tri-level duplex with upgraded plumbing and electrical, new kitchens and baths, and laundry hookups in the basement.
Property Size3,527 SF
Price / SF$240.97
Days on Market7
Property Features for 50-52 Willow Street
General Information
Standard status
Active
Size
3,527 SF
Property subtype
Multi-family
Building Details
Year Built
1905
Listing Agency:
Universal Property Management
Listed By:
Brian Donoghue
(978) 922-3683
Source:
Jbarrettrealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 26 at 11:44PM
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 Universal Property Management
Investment Insights
Based on property information with market context.
This beautifully renovated Lower Belvidere duplex offers tri-level living on each side with a substantial interior footprint. Each unit includes a large first-floor eat-in kitchen, an oversized living room/dining room combination, and both a full bath and a half bath. The second level provides three bedrooms, with an additional two bedrooms on the third floor. Laundry hookups are located in the basement, and the building has upgraded plumbing and electrical. Updates also include newly renovated kitchens and baths, new flooring, and fresh paint, complemented by low-maintenance vinyl siding and replacement windows.
Parking is on-street, and the property is described as having convenient access to downtown, major routes, parks, shopping, and other nearby amenities.
With one unit currently under lease, the duplex can work for either an owner-occupant or a long-term investment holding. A lead certificate is in hand.
Parking is on-street, and the property is described as having convenient access to downtown, major routes, parks, shopping, and other nearby amenities.
With one unit currently under lease, the duplex can work for either an owner-occupant or a long-term investment holding. A lead certificate is in hand.
Key Highlights
- 1905‑built Lower Belvidere duplex with renovated tri‑level layouts on both sides
- Each unit includes a large first‑floor eat‑in kitchen plus oversized living/dining room combo
- Unit layout offers 3 bedrooms on the second level and 2 additional bedrooms on the third floor
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 | $107.9k | $30.60 |
| − Vacancy | −$8.1k | −$2.30 |
| EGI | $99.8k | $28.31 |
| − OpEx | −$29.9k | −$8.49 |
| NOI | $69.9k | $19.81 |
3,527 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$998.3K
$873.5K – $1.16M
NOI $69,882 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$898.8K
$786.5K – $1.05M
NOI $62,916 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,896 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Tri-level duplex with upgraded plumbing and electrical, new kitchens and baths, and laundry hookups in the basement.
Where is this duplex located?
The property is located at 50-52 Willow Street Lowell, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 1905‑built Lower Belvidere duplex with renovated tri‑level layouts on both sides; Each unit includes a large first‑floor eat‑in kitchen plus oversized living/dining room combo; Unit layout offers 3 bedrooms on the second level and 2 additional bedrooms on the third floor
