Two-Unit Duplex with Off-Street
New
For Sale
$679,900
68-70 B Street, Lowell, MA 01851
Both residences have in-unit laundry hookups, and the property includes a fenced backyard.
Property Size1,872 SF
Price / SF$363.19
Days on Market4
Property Features for 68-70 B Street
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
5
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-unit washer and dryer hookups
fenced backyard
Building Details
Year Built
1965
Listing Agency:
Steve Bremis Realty Group
Listed By:
The DiGiorgio Team
(617) 420-9033
Source:
Sredboston
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:01PM
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 Steve Bremis Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1965, contains two residences with four rooms, two bedrooms, and one bathroom apiece. Interior features vary by unit and include Shaker-style cabinetry, gas stoves, stainless steel appliances in one kitchen, and granite countertops in the other. Updates include new windows and treatments, refreshed flooring, fresh paint, new gutters, and semi-updated bathrooms. Each unit has 100-amp circuit breakers and washer and dryer hookups.
The property is in Lowell’s Highlands neighborhood, with access to the Lowell Connector, Routes 3 and 495, Target Plaza, restaurants, and public transportation. Five off-street parking spaces and a fenced backyard serve both residences.
The property is in Lowell’s Highlands neighborhood, with access to the Lowell Connector, Routes 3 and 495, Target Plaza, restaurants, and public transportation. Five off-street parking spaces and a fenced backyard serve both residences.
Key Highlights
- Two‑unit property with 1,872 square feet; built in 1965
- Each residence has 4 rooms, 2 bedrooms, and 1 bathroom
- Five‑car off‑street parking and a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,091
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,820
$741.8K
Cap Rate 7%
$529,871
$529.9K
Cap Rate 9%
$412,122
$412.1K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$57.3K $30.60/SF
− Vacancy
−$4.3K −$2.30/SF
EGI
$53.0K $28.31/SF
− OpEx
−$15.9K −$8.49/SF
NOI
$37.1K $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%
$741,820
Cap Rate 7%
$529,871
Cap Rate 9%
$412,122
Alternative Uses
Best Use
Multifamily LT 5
$529.9K
$463.6K – $618.2K
NOI $37,091 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$477.1K
$417.4K – $556.6K
NOI $33,394 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$658.9K
$576.5K – $768.7K
NOI $46,121 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have in-unit laundry hookups, and the property includes a fenced backyard.
Where is this duplex located?
The property is located at 68-70 B Street Lowell, MA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Two‑unit property with 1,872 square feet; built in 1965; Each residence has 4 rooms, 2 bedrooms, and 1 bathroom; Five‑car off‑street parking and a fenced backyard
