Two 2-Family Homes on One
708-710 Central Street Lowell, MA 01852
For Sale
$1,299,000
Two separate two-family homes provide four total rental units on a single parcel.
Property Size4,445 SF
Price / SF$292.24
Days on Market144
Property Features for 708-710 Central Street
General Information
- Standard status
- Active
- Size
- 4,445 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Realty - Andovers/Readings Regional
Listed By:
Joe Freitas
(774) 280-2745
Source:
Broadboutique
Added: Mar 2
Changed: Jul 23
Last Checked: Jul 23 at 6:30PM
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 Coldwell Banker Realty - Andovers/Readings Regional
Investment Insights
Based on property information with market context.
Two two-family homes are offered together on one parcel at 708-710 Central Street in Lowell. The property totals four income-producing units, with individual unit details referenced elsewhere in the listing.
The offering also includes additional land, which may allow for development of another two-unit building, subject to buyer due diligence. The property is described as offering ample parking for all units, and it is positioned about 0.7 miles from the Lowell Line station, supporting convenient access for commuters. The location is also noted as being close to University of Massachusetts Lowell, major highways, shopping, parks, and other local amenities.
This is a for-sale multifamily/income property package designed for buyers interested in rental income now, along with potential for future improvements on the included land (due diligence required).
The offering also includes additional land, which may allow for development of another two-unit building, subject to buyer due diligence. The property is described as offering ample parking for all units, and it is positioned about 0.7 miles from the Lowell Line station, supporting convenient access for commuters. The location is also noted as being close to University of Massachusetts Lowell, major highways, shopping, parks, and other local amenities.
This is a for-sale multifamily/income property package designed for buyers interested in rental income now, along with potential for future improvements on the included land (due diligence required).
Key Highlights
- Two separate two‑family homes on one parcel, offering 4 total rental units
- Year built: 1900
- Additional land included with the property, with possibility to build another 2‑unit building (buyer to perform due diligence)
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 | $136.0k | $30.60 |
| − Vacancy | −$10.2k | −$2.30 |
| EGI | $125.8k | $28.31 |
| − OpEx | −$37.7k | −$8.49 |
| NOI | $88.1k | $19.81 |
4,445 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,071 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$1.13M
$991.2K – $1.32M
NOI $79,292 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,513 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate two-family homes provide four total rental units on a single parcel.
Where is this duplex located?
The property is located at 708-710 Central Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two separate two‑family homes on one parcel, offering 4 total rental units; Year built: 1900; Additional land included with the property, with possibility to build another 2‑unit building (buyer to perform due diligence)
