Well-Maintained Two-Family
56-58 Pine St Lowell, MA 01851
New
56-58 Pine St, Lowell, MA, 01851
$719,000
For Sale
$719,000
MULTI_FAMILY - Lowell, MA
Property Size2,573 SF
Lot Size0.11 Acres
Price / SF$279.44
Days on Market2
Property Features for 56-58 Pine St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- TMF
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1
- Parking
- 8
- Standard status
- Active
- APN
- M: 104 B: 4655 L: 56
- Size
- 2,573 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5954
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
Listing agency
Keller Williams Realty-Merrimack
(978) 692-3280
Listed by
Claire Ryan
(978) 692-3280
Added: Jul 20 Updated: Jul 21 at 3:33AM Checked: Jul 21 at 11:06AM
MLS# 73552415
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers two residential units with spacious layouts, each providing three bedrooms and one full bathroom. The first-floor unit includes an in-unit washer and dryer. The second-floor unit provides a bright, functional floor plan with generous living space. Gas and electric are separately metered, and both units will be delivered vacant.
The property is located in Lowell, MA in the Highlands neighborhood. It sits on a fully paved lot that can accommodate more than eight cars.
The exterior and parking layout support straightforward tenant arrival and off-street convenience, while the separate utilities and vacant delivery provide flexibility for an owner-occupant or investor.
The property is located in Lowell, MA in the Highlands neighborhood. It sits on a fully paved lot that can accommodate more than eight cars.
The exterior and parking layout support straightforward tenant arrival and off-street convenience, while the separate utilities and vacant delivery provide flexibility for an owner-occupant or investor.
Key Highlights
- Well‑maintained two‑family home built in 1870 in Lowell’s Highlands neighborhood
- Two units with matching layouts: each unit has 3 bedrooms and 1 full bathroom
- First‑floor unit includes an in‑unit washer and dryer
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separately metered units each feature three bedrooms and one full bathroom, with ample paved parking for over 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: Well‑maintained two‑family home built in 1870 in Lowell’s Highlands neighborhood; Two units with matching layouts: each unit has 3 bedrooms and 1 full bathroom; First‑floor unit includes an in‑unit washer and dryer
