Four-Unit Rental
9-11 Bassett Street Lowell, MA 01852
9-11 Bassett Street, Lowell, MA, 01852
$1,150,000
Pending
For Sale
$1,150,000
Pending
Four-unit rental property with ample parking and fully separated gas and electric utilities.
Property Size3,604 SF
Days on Market15
Property Features for 9-11 Bassett Street
General Information
- Standard status
- Pending
- Size
- 3,604 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1900
Listing agency
Keynova Group LLC
(978) 404-5366
Listed by
Brendan Conley
(978) 404-5366
Source
Lockandkeyre
Added: Jul 8 Updated: Jul 21 at 2:34PM Checked: Jul 22 at 5:20AM
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 Keynova Group LLC
Investment Insights
Based on property information with market context.
This four-unit rental property offers ample parking and a practical utility setup with fully separated gas and electric services for the units.
The property is positioned for convenient access to major routes, with easy connectivity to Route 3 and 495. It is also described as being close to Downtown and the Lowell Connector, with access to shopping, restaurants and grocery, educational institutions, public transportation, and other nearby amenities.
The offering is presented as a residential income multifamily asset suited for an investor seeking a straightforward, separately metered configuration.
The property is positioned for convenient access to major routes, with easy connectivity to Route 3 and 495. It is also described as being close to Downtown and the Lowell Connector, with access to shopping, restaurants and grocery, educational institutions, public transportation, and other nearby amenities.
The offering is presented as a residential income multifamily asset suited for an investor seeking a straightforward, separately metered configuration.
Key Highlights
- Four‑unit rental property with ample parking
- Year built: 1900
- Fully separated gas and electric utilities
Local Financial Insights For Apartment 5plus
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 | $125.4k | $34.80 |
| − Vacancy | −$8.5k | −$2.37 |
| EGI | $116.9k | $32.43 |
| − OpEx | −$52.6k | −$14.60 |
| NOI | $64.3k | $17.84 |
3,604 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$918.4K
$803.6K – $1.07M
NOI $64,290 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,793 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Four-unit rental property with ample parking and fully separated gas and electric utilities.
Where is this multifamily property located?
The property is located at 9-11 Bassett Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit rental property with ample parking; Year built: 1900; Fully separated gas and electric utilities
