Triplex with Tandem
New
For Sale
$875,900
781 Broadway St, Lowell, MA 01854
Three separate gas-fired heating systems serve the units, each with its own fully equipped kitchen.
Property Size3,420 SF
Lot Size0.13 Acres
Price / SF$256.11
Days on Market3
Property Features for 781 Broadway St
General Information
Standard status
Active
Size
3,420 SF
Total Parking Spaces
6
Lot size
0.13 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Acre
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,330
Amenities
fully applianced kitchen
basement storage
second-floor porch
Building Details
Building Size
3,420 SF
Year Built
1920
Stories
3
Tenancy
Multi
Listing Agency:
Brad Hutchinson Real Estate
Listed By:
John Bulman
(781) 665-2222
Source:
Classifiedrealtygroup
Added: Oct 28
Last Checked: Oct 30 at 11:17AM
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 Brad Hutchinson Real Estate
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Investment Insights
Based on property information with market context.
At 781 Broadway in Lowell, this three-unit residential property contains 3,420 square feet across three floors and was built in 1920. Each unit has spacious rooms, a fully applianced kitchen, and its own gas-fired heating system. Basement space provides storage and utility areas, while a porch extends from the second floor.
The 5,663-square-foot lot includes tandem parking for as many as six vehicles. The property is near UMass Lowell and highways. All tenants are tenants at will.
The 5,663-square-foot lot includes tandem parking for as many as six vehicles. The property is near UMass Lowell and highways. All tenants are tenants at will.
Key Highlights
- Three units with 3,420 square feet of living space across three floors
- Built in 1920 on a 5,663‑square‑foot lot
- Separate gas‑fired heating system and fully applianced kitchen in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,762
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,240
$1.4M
Cap Rate 7%
$968,029
$968.0K
Cap Rate 9%
$752,911
$752.9K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$104.7K $30.60/SF
− Vacancy
−$7.8K −$2.30/SF
EGI
$96.8K $28.31/SF
− OpEx
−$29.0K −$8.49/SF
NOI
$67.8K $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 Rate 5%
$1,355,240
Cap Rate 7%
$968,029
Cap Rate 9%
$752,911
Alternative Uses
Best Use
Multifamily LT 5
$968.0K
$847.0K – $1.13M
NOI $67,762 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$871.5K
$762.6K – $1.02M
NOI $61,008 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,260 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
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Business Placement
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate gas-fired heating systems serve the units, each with its own fully equipped kitchen.
Where is this triplex located?
The property is located at 781 Broadway St Lowell, MA.
What is the asking price?
The asking price for this property is $875,900.
What are key features of this property?
This property features: Three units with 3,420 square feet of living space across three floors; Built in 1920 on a 5,663‑square‑foot lot; Separate gas‑fired heating system and fully applianced kitchen in each unit
