Updated Duplex with Three
New
For Sale
$759,900
60-62 4th St, Lowell, MA 01850
Two kitchens, three bathrooms, off-street parking, and a small yard serve the two-family layout.
Property Size3,458 SF
Price / SF$219.75
Days on Market3
Property Features for 60-62 4th St
General Information
Standard status
Active
Size
3,458 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
yard
off-street parking
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Christos Salpoglou, Jacob Realty, Llc
Listed By:
The Kristin Gennetti Group
(781) 704-7040
Source:
Kristingennetti
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 2 at 8:00PM
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 Christos Salpoglou, Jacob Realty, Llc
Investment Insights
Based on property information with market context.
This two-family property offers 3,458 square feet across three levels, with two kitchens and three bathrooms. Updates include the kitchens, bathrooms, flooring, and paint. Gas boilers provide heating, and the roof is newer. The property was built in 1900 and is zoned residential.
Outdoor and parking features include a small yard and off-street parking.
Outdoor and parking features include a small yard and off-street parking.
Key Highlights
- 3,458 square feet across three levels
- Two‑family layout with updated kitchens and bathrooms
- New flooring and paint
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
$68,515
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
9.02%
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%
$1,370,300
$1.4M
Cap Rate 7%
$978,786
$978.8K
Cap Rate 9%
$761,278
$761.3K
Market Conditions
NOI Build-Up for 3,458 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
$105.8K $30.60/SF
− Vacancy
−$7.9K −$2.30/SF
EGI
$97.9K $28.31/SF
− OpEx
−$29.4K −$8.49/SF
NOI
$68.5K $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%
$1,370,300
Cap Rate 7%
$978,786
Cap Rate 9%
$761,278
Alternative Uses
Best Use
Multifamily LT 5
$978.8K
$856.4K – $1.14M
NOI $68,515 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$881.2K
$771.1K – $1.03M
NOI $61,685 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,196 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
Median Home Value
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 - Two kitchens, three bathrooms, off-street parking, and a small yard serve the two-family layout.
Where is this duplex located?
The property is located at 60-62 4th St Lowell, MA.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: 3,458 square feet across three levels; Two‑family layout with updated kitchens and bathrooms; New flooring and paint
