Two-Unit Duplex with Separate
For Sale
$629,900
716 Lawrence St., Lowell, MA 01852
Distinct three- and four-bedroom layouts feature granite kitchens, wood-floored living rooms, and a walk-out basement.
Property Size2,585 SF
Price / SF$243.68
Days on Market89
Property Features for 716 Lawrence St.
General Information
Standard status
Active
Size
2,585 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
TMU
Net Operating Income
$60,600
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$60,600
Taxes and HOA fees
Annual Taxes
$6,041
Amenities
back deck
back yard
Building Details
Building Size
2,585 SF
Year Built
1900
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
REMAX Executive Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 4
Changed: Aug 31
Last Checked: Aug 31 at 1:17PM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
Built in 1900, this two-unit duplex at 716 Lawrence St. in Lowell includes distinct residential layouts with practical interior finishes. Unit 1 offers 3 bedrooms, a kitchen with granite counters, a living room with wood flooring, and a full bathroom. Unit 2 provides 4 bedrooms, a granite-counter kitchen, a wood-floored living room, a full bath, attic pull-down access, and a private back deck.
The property has vinyl siding, a backyard, one permitted parking space, and additional on-street parking. A full walk-out dirt basement provides storage space. Unit 1 has a Lead Certificate of Maintained Compliance, while both apartments have compliance certificates from Lowell Inspectional Services. Existing tenants would like to remain; the Unit 1 lease ends October 1, 2026, and the Unit 2 lease ends February, 2027.
The property has vinyl siding, a backyard, one permitted parking space, and additional on-street parking. A full walk-out dirt basement provides storage space. Unit 1 has a Lead Certificate of Maintained Compliance, while both apartments have compliance certificates from Lowell Inspectional Services. Existing tenants would like to remain; the Unit 1 lease ends October 1, 2026, and the Unit 2 lease ends February, 2027.
Key Highlights
- Two‑unit duplex at 716 Lawrence St., Lowell, MA 01852
- Unit 1 includes 3 bedrooms; Unit 2 includes 4 bedrooms
- Granite‑counter kitchens and wood flooring in both living rooms
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
$51,218
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
8.13%
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%
$1,024,360
$1.0M
Cap Rate 7%
$731,686
$731.7K
Cap Rate 9%
$569,089
$569.1K
Market Conditions
NOI Build-Up for 2,585 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
$79.1K $30.60/SF
− Vacancy
−$5.9K −$2.30/SF
EGI
$73.2K $28.31/SF
− OpEx
−$22.0K −$8.49/SF
NOI
$51.2K $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%
$1,024,360
Cap Rate 7%
$731,686
Cap Rate 9%
$569,089
Alternative Uses
Best Use
Multifamily LT 5
$731.7K
$640.2K – $853.6K
NOI $51,218 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$658.7K
$576.4K – $768.5K
NOI $46,112 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$909.8K
$796.1K – $1.06M
NOI $63,688 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
951
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?
Duplex - Distinct three- and four-bedroom layouts feature granite kitchens, wood-floored living rooms, and a walk-out basement.
Where is this duplex located?
The property is located at 716 Lawrence St. Lowell, MA.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Two‑unit duplex at 716 Lawrence St., Lowell, MA 01852; Unit 1 includes 3 bedrooms; Unit 2 includes 4 bedrooms; Granite‑counter kitchens and wood flooring in both living rooms
