Seven-Bedroom Duplex with
For Sale
$784,900
61 Butterfield St, Lowell, MA 01854
Vacant two-family property with granite kitchen finishes, hardwood floors, and backyard planting space.
Property Size3,414 SF
Price / SF$229.91
Days on Market50
Property Features for 61 Butterfield St
General Information
Standard status
Active
Size
3,414 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Michele Mcgonagle, Cameron Real Estate Group
Listed By:
Hillman Homes
(617) 609-8894
Source:
Hillmanhomesma
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 14 at 10:34PM
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 Michele Mcgonagle, Cameron Real Estate Group
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Investment Insights
Based on property information with market context.
This two-family property offers 3,414 square feet of living area across two floors and a total of seven bedrooms. The first floor includes two bedrooms, a primary bedroom with hardwood flooring and a large closet, a granite-counter kitchen, and a dining room with hardwood floors. Gas heat serves the first floor, and the appliances remain. The second floor provides five bedrooms, a generously sized kitchen, and a new electric mini-split system with air conditioning and heating capabilities.
Vinyl siding and vinyl windows contribute to the exterior improvements. The backyard includes grapevines and other plantings, providing outdoor space for gardening. The property is scheduled for delivery vacant and may be used as an owner-occupied duplex or investment property.
Vinyl siding and vinyl windows contribute to the exterior improvements. The backyard includes grapevines and other plantings, providing outdoor space for gardening. The property is scheduled for delivery vacant and may be used as an owner-occupied duplex or investment property.
Key Highlights
- 3,414 square feet of total living area
- Seven bedrooms arranged across two floors
- First‑floor kitchen with granite countertops and dining room with hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,643
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,860
$1.4M
Cap Rate 7%
$966,329
$966.3K
Cap Rate 9%
$751,589
$751.6K
Market Conditions
NOI Build-Up for 3,414 SF
Gross rent
$104.5K $30.60/SF
− Vacancy
−$7.8K −$2.30/SF
EGI
$96.6K $28.31/SF
− OpEx
−$29.0K −$8.49/SF
NOI
$67.6K $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 Rate 5%
$1,352,860
Cap Rate 7%
$966,329
Cap Rate 9%
$751,589
Alternative Uses
Best Use
Multifamily LT 5
$966.3K
$845.5K – $1.13M
NOI $67,643 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$870.0K
$761.3K – $1.02M
NOI $60,901 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,112 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
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Business Placement
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
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 - Vacant two-family property with granite kitchen finishes, hardwood floors, and backyard planting space.
Where is this duplex located?
The property is located at 61 Butterfield St Lowell, MA.
What is the asking price?
The asking price for this property is $784,900.
What are key features of this property?
This property features: 3,414 square feet of total living area; Seven bedrooms arranged across two floors; First‑floor kitchen with granite countertops and dining room with hardwood floors
