Four-Unit Multifamily
710 School Street Lowell, MA 01851
710 School Street, Lowell, MA, 01851
$800,000
For Sale
$800,000
Four residential units total include two two-bedroom, one three-bedroom, and one one-bedroom.
Property Size3,348 SF
Price / SF$238.95
Days on Market147
Property Features for 710 School Street
General Information
- Standard status
- Active
- Size
- 3,348 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
Listed by
Spencer Norton
(978) 537-8301
Source
Foster-healey
Added: Feb 25 Updated: Jul 21 at 7:26PM Checked: Jul 22 at 6:33AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
710–712 School Street is a four-unit multifamily property with a mix of unit sizes, including two 2-bedroom/1-bath units, one 3-bedroom/1-bath unit, and one 1-bedroom/1-bath unit. The property totals 3,348 square feet of gross living area. Utilities are separately metered for electricity, and gas-powered heat and hot water are separately metered and paid by tenants, while the landlord is responsible for city water and sewer.
The property offers quick regional access with connections to Route 3, I-495, and the Lowell Connector, providing efficient travel to Boston, Nashua, and other points within Greater Lowell.
Per the seller’s note, the 2nd floor 2BD unit and the 2nd floor 3BD unit will be delivered vacant.
The property offers quick regional access with connections to Route 3, I-495, and the Lowell Connector, providing efficient travel to Boston, Nashua, and other points within Greater Lowell.
Per the seller’s note, the 2nd floor 2BD unit and the 2nd floor 3BD unit will be delivered vacant.
Key Highlights
- 2‑building? Four‑unit multifamily at 710‑712 School Street with 3,348 SF of gross living area
- Unit mix: two 2‑bedroom/1‑bath units, one 3‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath unit
- Utilities: separately metered electricity; tenants pay for electricity and gas heat/hot water
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 | $102.4k | $30.60 |
| − Vacancy | −$7.7k | −$2.30 |
| EGI | $94.8k | $28.31 |
| − OpEx | −$28.4k | −$8.49 |
| NOI | $66.3k | $19.81 |
3,348 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$947.7K
$829.2K – $1.11M
NOI $66,336 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$853.2K
$746.5K – $995.4K
NOI $59,723 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,486 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units total include two two-bedroom, one three-bedroom, and one one-bedroom.
Where is this quadplex located?
The property is located at 710 School Street Lowell, MA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2‑building? Four‑unit multifamily at 710‑712 School Street with 3,348 SF of gross living area; Unit mix: two 2‑bedroom/1‑bath units, one 3‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath unit; Utilities: separately metered electricity; tenants pay for electricity and gas heat/hot water
