Two-Unit Residential
For Sale
$709,000
56-58 Pine St, Lowell, MA 01851
Residential Income, Lowell, MA
Property Size2,573 SF
Lot Size0.11 Acres
Price / SF$275.55
Days on Market93
Property Features for 56-58 Pine St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
TMF
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2
Parking
8
Elementary school
Morey
Middle school
Daley
High school
Lowell High School
Directions
Use GPS
Subdivision
Highlands
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
Amenities
in-unit washer and dryer
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty-Merrimack
Listed By:
Claire Ryan
(978) 692-3280
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 20 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
This two-family property contains 2,573 square feet with two separate residences, each arranged with three bedrooms and one full bathroom. The first-floor unit has its own washer and dryer, while the upper apartment provides a bright, functional living arrangement. Both units will be delivered vacant. The property was built in 1870 and sits on a 0.11-acre lot with a fully paved parking area accommodating over 8 cars.
Located at 56-58 Pine St in Lowell, the property offers access to schools, parks, shopping, restaurants, major highways, and public transportation. TMF zoning is also in place. The combination of two comparable floor plans, dedicated parking, and vacant delivery provides a straightforward setup for residential occupancy or repositioning within the existing two-unit configuration.
Located at 56-58 Pine St in Lowell, the property offers access to schools, parks, shopping, restaurants, major highways, and public transportation. TMF zoning is also in place. The combination of two comparable floor plans, dedicated parking, and vacant delivery provides a straightforward setup for residential occupancy or repositioning within the existing two-unit configuration.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bathroom
- 2,573 square feet on a 0.11‑acre lot
- Fully paved parking area accommodating over 8 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,980
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,600
$1.0M
Cap Rate 7%
$728,286
$728.3K
Cap Rate 9%
$566,444
$566.4K
Market Conditions
NOI Build-Up for 2,573 SF
Gross rent
$78.7K $30.60/SF
− Vacancy
−$5.9K −$2.30/SF
EGI
$72.8K $28.31/SF
− OpEx
−$21.8K −$8.49/SF
NOI
$51.0K $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%
$1,019,600
Cap Rate 7%
$728,286
Cap Rate 9%
$566,444
Alternative Uses
Best Use
Multifamily LT 5
$728.3K
$637.3K – $849.7K
NOI $50,980 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$655.7K
$573.7K – $765.0K
NOI $45,898 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,392 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three-bedroom layouts, with in-unit laundry serving the first-floor apartment.
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 $709,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; 2,573 square feet on a 0.11‑acre lot; Fully paved parking area accommodating over 8 cars
