Two-Unit Duplex with Detached Two-Car
For Sale
$804,900
Pending
73 Pleasant St, Lowell, MA 01852
MULTI_FAMILY - Lowell, MA
Property Size3,251 SF
Lot Size0.09 Acres
Days on Market51
Property Features for 73 Pleasant St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
TTF
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 4, Bathroom 1
Parking
6
Directions
Please use GPS.
Standard status
Pending
APN
M:201 B:4680 L:73,3193117
Size
3,251 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7257
Amenities
full basement
multiple porches
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Susan Rochwarg
(978) 475-2111
Added: Jun 23
Changed: Aug 8
Last Checked: Aug 12 at 9:06AM
MLS# 73540068
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
73 Pleasant St is a two-family duplex built in 1900, offering a practical layout for owner-occupants or rental-focused buyers. The home includes two generously sized units, a full basement for storage, multiple porches, and a paved driveway. A detached two-car garage adds valuable off-street parking and storage capacity.
Recent updates include a newer roof, vinyl siding, updated electrical, newer windows, and updated heating systems, helping support day-to-day comfort and long-term maintainability. The property sits on a 0.09-acre lot and contains 3,251 SF.
Zoned TTF, the duplex is positioned for convenience to daily needs, with proximity to public transportation, shopping, schools, restaurants, parks, and major highways.
Recent updates include a newer roof, vinyl siding, updated electrical, newer windows, and updated heating systems, helping support day-to-day comfort and long-term maintainability. The property sits on a 0.09-acre lot and contains 3,251 SF.
Zoned TTF, the duplex is positioned for convenience to daily needs, with proximity to public transportation, shopping, schools, restaurants, parks, and major highways.
Key Highlights
- Two‑family duplex built in 1900
- 0.09‑acre lot with 3,251 SF
- Full basement for storage plus multiple porches
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
$64,414
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
8.00%
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%
$1,288,280
$1.3M
Cap Rate 7%
$920,200
$920.2K
Cap Rate 9%
$715,711
$715.7K
Market Conditions
NOI Build-Up for 3,251 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
$99.5K $30.60/SF
− Vacancy
−$7.5K −$2.30/SF
EGI
$92.0K $28.31/SF
− OpEx
−$27.6K −$8.49/SF
NOI
$64.4K $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%
$1,288,280
Cap Rate 7%
$920,200
Cap Rate 9%
$715,711
Alternative Uses
Best Use
Multifamily LT 5
$920.2K
$805.2K – $1.07M
NOI $64,414 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$828.5K
$724.9K – $966.6K
NOI $57,993 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,096 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,504
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 - Two-family duplex on a 0.09-acre lot with a full basement, multiple porches, and a detached two-car garage.
Where is this duplex located?
The property is located at 73 Pleasant St Lowell, MA.
What is the asking price?
The asking price for this property is $804,900.
What are key features of this property?
This property features: Two‑family duplex built in 1900; 0.09‑acre lot with 3,251 SF; Full basement for storage plus multiple porches
