Two-Family Residential Income
74 Harlem Street Dracut, MA 01826
74 Harlem Street, Dracut, MA, 01826
$639,900
For Sale
$639,900
Well-maintained two-family home features two bedrooms per unit, private driveways, and three-season porches overlooking a rear yard.
Property Size1,554 SF
Price / SF$411.78
Days on Market85
Property Features for 74 Harlem Street
General Information
- Standard status
- Active
- Size
- 1,554 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1969
Listing agency
Coldwell Banker Realty - Chelmsford
(978) 256-2560
Listed by
Gail Sullivan · License #89816
(978) 256-2560
Source
Compass
Added: Apr 29 Updated: Jul 21 at 9:00PM Checked: Jul 21 at 9:00PM
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 - Chelmsford
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers a practical layout with two bedrooms in each unit, each supported by full bathrooms. Kitchens open to attached sliding doors that lead to private, sun-filled three-season porches overlooking the rear yard. A bonus room is included in the lower level. The property also features durable vinyl siding and updated heating systems with central air conditioning.
Each unit has its own private driveway, providing off-street parking. The home is positioned in the Pawtucketville neighborhood of Dracut and is described as being minutes from UMass Lowell, shopping, dining, and major commuter routes.
As a residential income property, it is configured for separate unit living with outdoor porch space for both sides and an additional lower-level bonus room.
Each unit has its own private driveway, providing off-street parking. The home is positioned in the Pawtucketville neighborhood of Dracut and is described as being minutes from UMass Lowell, shopping, dining, and major commuter routes.
As a residential income property, it is configured for separate unit living with outdoor porch space for both sides and an additional lower-level bonus room.
Key Highlights
- Two‑family home with 2 bedrooms and 2 full baths total (2 full baths)
- Each unit has a spacious layout with open‑concept kitchen and living room with sliders to a private three‑season porch
- Lower level includes a bonus room; full and partially finished basement with interior access
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 | $49.4k | $31.80 |
| − Vacancy | −$2.4k | −$1.57 |
| EGI | $47.0k | $30.23 |
| − OpEx | −$14.1k | −$9.07 |
| NOI | $32.9k | $21.16 |
1,554 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.8K
$411.0K – $548.1K
NOI $32,883 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$441.7K
$386.5K – $515.3K
NOI $30,919 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,397 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home features two bedrooms per unit, private driveways, and three-season porches overlooking a rear yard.
Where is this duplex located?
The property is located at 74 Harlem Street Dracut, MA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two‑family home with 2 bedrooms and 2 full baths total (2 full baths); Each unit has a spacious layout with open‑concept kitchen and living room with sliders to a private three‑season porch; Lower level includes a bonus room; full and partially finished basement with interior access
