Two-Family Duplex with
New
For Sale
$695,000
8 Cady St, Lowell, MA 01852
One unit is occupied by a tenant at will, while the other is vacant.
Property Size3,001 SF
Price / SF$231.59
Days on Market4
Property Features for 8 Cady St
General Information
Standard status
Active
Size
3,001 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Eileen Griffin Wright, Keller Williams Realty North Central
Listed By:
Michelle Terry Team
(508) 202-0008
Source:
Centralmassachusettsproperties
Added: Oct 7
Last Checked: Oct 9 at 8:09PM
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 Eileen Griffin Wright, Keller Williams Realty North Central
Investment Insights
Based on property information with market context.
This two-family duplex contains 3,001 square feet and was built in 1930. The two units provide a combined eight bedrooms, and each has a deleaded certificate. One unit is occupied by a tenant at will; the other is vacant. Off-street parking is available.
The property is near downtown Lowell, with shopping, restaurants, public transportation, parks, and commuter routes in the surrounding area.
The property is near downtown Lowell, with shopping, restaurants, public transportation, parks, and commuter routes in the surrounding area.
Key Highlights
- Two‑family property with 8 bedrooms
- 3,001 square feet; built in 1930
- One unit occupied by a tenant at will and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,460
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,200
$1.2M
Cap Rate 7%
$849,429
$849.4K
Cap Rate 9%
$660,667
$660.7K
Market Conditions
NOI Build-Up for 3,001 SF
Gross rent
$91.8K $30.60/SF
− Vacancy
−$6.9K −$2.30/SF
EGI
$84.9K $28.31/SF
− OpEx
−$25.5K −$8.49/SF
NOI
$59.5K $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%
$1,189,200
Cap Rate 7%
$849,429
Cap Rate 9%
$660,667
Alternative Uses
Best Use
Multifamily LT 5
$849.4K
$743.3K – $991.0K
NOI $59,460 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$764.8K
$669.2K – $892.2K
NOI $53,533 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,774
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied by a tenant at will, while the other is vacant.
Where is this duplex located?
The property is located at 8 Cady St Lowell, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑family property with 8 bedrooms; 3,001 square feet; built in 1930; One unit occupied by a tenant at will and one vacant
