Three-Family Residential
62 Huntington Street Lowell, MA 01852
62 Huntington Street, Lowell, MA, 01852
$955,000
For Sale
$955,000
Three-unit property with five off-street parking spaces and major 2019 plumbing and electrical updates.
Property Size4,131 SF
Price / SF$231.18
Days on Market66
Property Features for 62 Huntington Street
General Information
- Standard status
- Active
- Size
- 4,131 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Northeast Private Client Group,LLC
Listed by
Patrick Wheeler
(617) 680-0690
Source
Inrealtyinc
Added: May 18 Updated: Jul 21 at 7:48AM Checked: Jul 22 at 7:58AM
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 Northeast Private Client Group,LLC
Investment Insights
Based on property information with market context.
This circa 1900 three-family residential property offers three separate units within a classic New England building character. The home has undergone major updates, including all new plumbing and electrical completed in 2019. Heating is split by unit, with units 1 and 2 featuring forced hot air heat, while the third-floor unit is all-electric. Off-street parking is available with five dedicated spaces for tenants and guests.
The property is located in Lowell’s Belvidere neighborhood with walkable access to Fort Hill Park. It also offers proximity to UMass Lowell and convenient access to Routes 3 and 495.
The layout supports a variety of income strategies, including owner-occupancy with rental of the remaining units. In total, the building provides just over 4,000 square feet of living space across the three units.
The property is located in Lowell’s Belvidere neighborhood with walkable access to Fort Hill Park. It also offers proximity to UMass Lowell and convenient access to Routes 3 and 495.
The layout supports a variety of income strategies, including owner-occupancy with rental of the remaining units. In total, the building provides just over 4,000 square feet of living space across the three units.
Key Highlights
- c.1900 three‑family in Lowell’s Belvidere neighborhood
- Over 4,000 sq ft total living space across three units
- Major 2019 updates: all new plumbing and electrical
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 | $126.4k | $30.60 |
| − Vacancy | −$9.5k | −$2.30 |
| EGI | $116.9k | $28.31 |
| − OpEx | −$35.1k | −$8.49 |
| NOI | $81.8k | $19.81 |
4,131 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,850 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$1.05M
$921.1K – $1.23M
NOI $73,691 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,777 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with five off-street parking spaces and major 2019 plumbing and electrical updates.
Where is this triplex located?
The property is located at 62 Huntington Street Lowell, MA.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: c.1900 three‑family in Lowell’s Belvidere neighborhood; Over 4,000 sq ft total living space across three units; Major 2019 updates: all new plumbing and electrical
