Duplex with Updated First
69 Lilley Avenue Lowell, MA 01850
69 Lilley Avenue, Lowell, MA, 01850
$729,999
For Sale
$729,999
Duplex offers a move-in-ready updated first-floor unit and a second-floor unit with a tenant at will.
Property Size2,723 SF
Price / SF$268.09
Days on Market80
Property Features for 69 Lilley Avenue
General Information
- Standard status
- Active
- Size
- 2,723 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1925
Listing agency
Urban Real Estate
(978) 454-0444
Listed by
Daniel Tan · License #9063101
(978) 454-0444
Source
Compass
Added: May 3 Updated: Jul 20 at 4:59PM Checked: Jul 21 at 6:56AM
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 Urban Real Estate
Investment Insights
Based on property information with market context.
This oversized duplex provides two separate residences with a 3-bedroom, 1-bath layout on the first unit and a 3+ bedroom, 1-bath layout on the second-floor unit. Unit 1 has been updated with a refreshed kitchen, bathroom, flooring, and fresh paint, positioned for move-in readiness. Unit 2 is currently occupied with a tenant at will.
The property includes a new architecture roof, vinyl insulated windows, and a 2-car garage with a paved driveway plus additional parking spaces for up to six vehicles. Conveniently located near downtown Lowell with easy access to the town of Dracut, and close to shopping, restaurants, schools, parks, and public transportation, the duplex is well suited for both owner-occupant and investor considerations.
The property includes a new architecture roof, vinyl insulated windows, and a 2-car garage with a paved driveway plus additional parking spaces for up to six vehicles. Conveniently located near downtown Lowell with easy access to the town of Dracut, and close to shopping, restaurants, schools, parks, and public transportation, the duplex is well suited for both owner-occupant and investor considerations.
Key Highlights
- Oversized multi‑family duplex built in 1925 with 2 total full bathrooms
- Unit 1: updated kitchen and bathroom, new flooring, and fresh paint; includes 3 bedrooms and 1 bathroom
- Unit 2 (2nd floor): tenant at will; offers 3+ bedrooms and 1 bathroom
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 | $83.3k | $30.60 |
| − Vacancy | −$6.2k | −$2.30 |
| EGI | $77.1k | $28.31 |
| − OpEx | −$23.1k | −$8.49 |
| NOI | $54.0k | $19.81 |
2,723 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$770.7K
$674.4K – $899.2K
NOI $53,952 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$693.9K
$607.2K – $809.6K
NOI $48,574 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,088 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offers a move-in-ready updated first-floor unit and a second-floor unit with a tenant at will.
Where is this duplex located?
The property is located at 69 Lilley Avenue Lowell, MA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Oversized multi‑family duplex built in 1925 with 2 total full bathrooms; Unit 1: updated kitchen and bathroom, new flooring, and fresh paint; includes 3 bedrooms and 1 bathroom; Unit 2 (2nd floor): tenant at will; offers 3+ bedrooms and 1 bathroom
