Two-Unit Residential Income
56-58 Pine St Lowell, MA 01851
New
For Sale
$719,000
Well-maintained duplex with two 3-bedroom units, separate gas and electric meters, and a fully paved lot with parking for more than eight cars.
Property Size2,573 SF
Price / SF$279.44
Days on Market4
Property Features for 56-58 Pine St
General Information
- Standard status
- Active
- Size
- 2,573 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1870
Listing Agency:
Lock and Key Realty
(917) 400-1518
Listed By:
Timmy Thok
(917) 400-1518
Source:
Lockandkeyre
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 5:15AM
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 Lock and Key Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex includes two separate units, each offering a spacious layout with 3 bedrooms and 1 full bathroom. The first-floor unit includes the added convenience of an in-unit washer and dryer, while the second-floor unit offers a bright, functional floor plan with generous living space. Gas and electric are separately metered, and both units will be delivered vacant.
Located in the Highlands neighborhood of Lowell, Massachusetts at 56–58 Pine St, the property is positioned near schools, parks, shopping, restaurants, major highways, and public transportation.
Outside, the property features a fully paved lot that can accommodate more than eight vehicles. Open house is scheduled for Friday, July 24 from 4–6 pm, Saturday, July 25 from 11 am–1 pm, and Sunday, July 26 from 11 am–1 pm.
Located in the Highlands neighborhood of Lowell, Massachusetts at 56–58 Pine St, the property is positioned near schools, parks, shopping, restaurants, major highways, and public transportation.
Outside, the property features a fully paved lot that can accommodate more than eight vehicles. Open house is scheduled for Friday, July 24 from 4–6 pm, Saturday, July 25 from 11 am–1 pm, and Sunday, July 26 from 11 am–1 pm.
Key Highlights
- Two‑family home built in 1870 with two spacious units, each offering 3 bedrooms and 1 full bathroom
- First‑floor unit includes in‑unit washer and dryer
- Gas and electric are separately metered for both units
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 | $78.7k | $30.60 |
| − Vacancy | −$5.9k | −$2.30 |
| EGI | $72.8k | $28.31 |
| − OpEx | −$21.8k | −$8.49 |
| NOI | $51.0k | $19.81 |
2,573 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$728.3K
$637.3K – $849.7K
NOI $50,980 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$655.7K
$573.7K – $765.0K
NOI $45,898 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,392 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 3-bedroom units, separate gas and electric meters, and a fully paved lot with parking for more than eight cars.
Where is this duplex located?
The property is located at 56-58 Pine St Lowell, MA.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two‑family home built in 1870 with two spacious units, each offering 3 bedrooms and 1 full bathroom; First‑floor unit includes in‑unit washer and dryer; Gas and electric are separately metered for both units
