Duplex With Two-Story
For Sale
$595,000
559 Chelmsford Street, Lowell, MA 01851
Recent work includes electrical updates, a new exterior fence, and new doors.
Property Size2,148 SF
Price / SF$277
Days on Market14
Property Features for 559 Chelmsford Street
General Information
Standard status
Active
Size
2,148 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1900
Listing Agency:
Cameron Prestige,LLC
Listed By:
Christopher Martin
(781) 632-8804
Source:
Littlefieldre
Added: Sep 20
Changed: Oct 1
Last Checked: Oct 1 at 11:52AM
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 Cameron Prestige,LLC
Investment Insights
Based on property information with market context.
Built in 1900, this 2,148-square-foot duplex in Lowell includes a second unit arranged across two floors. Its renovated upper level adds two bedrooms and a full bathroom, and the unit has in-home laundry. Recent work includes electrical improvements, new doors, and an exterior fence.
The property also has yard space and four off-street parking spots. The two-unit configuration, outdoor area, and on-site parking are among its practical features.
The property also has yard space and four off-street parking spots. The two-unit configuration, outdoor area, and on-site parking are among its practical features.
Key Highlights
- 2,148‑square‑foot duplex built in 1900
- Second unit spans two floors
- Renovated upper level with two additional bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,559
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$851,180
$851.2K
Cap Rate 7%
$607,986
$608.0K
Cap Rate 9%
$472,878
$472.9K
Market Conditions
NOI Build-Up for 2,148 SF
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.
Gross rent
$65.7K $30.60/SF
− Vacancy
−$4.9K −$2.30/SF
EGI
$60.8K $28.31/SF
− OpEx
−$18.2K −$8.49/SF
NOI
$42.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$851,180
Cap Rate 7%
$607,986
Cap Rate 9%
$472,878
Alternative Uses
Best Use
Multifamily LT 5
$608.0K
$532.0K – $709.3K
NOI $42,559 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$547.4K
$479.0K – $638.6K
NOI $38,317 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$756.0K
$661.5K – $882.0K
NOI $52,921 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 01851, MA
32,691
Population
11,759
Households
2.8
Avg Household Size
34
Median Age
32%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
10,216
Density / Sq Mi
$87,962
Median Household Income
$46,388
Median Earnings
$1,686
Median Rent
$432,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recent work includes electrical updates, a new exterior fence, and new doors.
Where is this duplex located?
The property is located at 559 Chelmsford Street Lowell, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,148‑square‑foot duplex built in 1900; Second unit spans two floors; Renovated upper level with two additional bedrooms and a full bathroom
