Three-Family Residential
For Sale
$955,000
62 Huntington St, Lowell, MA 01852
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 Market110
Property Features for 62 Huntington St
General Information
Standard status
Active
Size
4,131 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
TTF
Net Operating Income
$68,793
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,091
Building Details
Building Size
4,131 SF
Year Built
1900
Year Renovated
2019
Stories
3
Tenancy
Multi
Listing Agency:
Bay Market Real Estate
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 19
Changed: Sep 5
Last Checked: Sep 5 at 5:23AM
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 Bay Market Real Estate
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
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
$81,850
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
8.57%
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%
$1,637,000
$1.6M
Cap Rate 7%
$1,169,286
$1.2M
Cap Rate 9%
$909,444
$909.4K
Market Conditions
NOI Build-Up for 4,131 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
$126.4K $30.60/SF
− Vacancy
−$9.5K −$2.30/SF
EGI
$116.9K $28.31/SF
− OpEx
−$35.1K −$8.49/SF
NOI
$81.8K $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%
$1,637,000
Cap Rate 7%
$1,169,286
Cap Rate 9%
$909,444
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 St 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
