Three-Unit Multifamily
9 Bourne St Lowell, MA 01852
New
For Sale
$700,000
MULTI_FAMILY - Lowell, MA
Property Size3,253 SF
Lot Size0.09 Acres
Price / SF$215.19
Days on Market2
Property Features for 9 Bourne St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- TTF
- Bedrooms
- 11
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 8, Bedroom 7, Bedroom 11, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 10, Bathroom 1, Bedroom 9
- Standard status
- Active
- APN
- 3191087
- Size
- 3,253 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3975
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
Listing Agency:
RE/MAX Innovative Properties
(978) 452-4432
Listed By:
Joshua Naughton · License #57445
(603) 434-4101
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 26 at 9:06PM
MLS# 73555029
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.
This three-unit multifamily property includes three spacious units, each currently configured as 3-bedroom apartments. The home retains historic architectural character throughout, including hardwood floors, decorative woodwork, built-in cabinetry, and butler’s pantries in the kitchens. The basement provides additional utility with roughed-in separate storage units for each apartment, along with individual laundry hookups.
The zoning is listed as TTF. The property is identified as 9 Bourne St in Lowell, MA and is being delivered vacant. The seller notes the layout could be adjusted, with a little work, to create 4 bedrooms in each unit for a total of 12 bedrooms.
Buyer should plan for any needed repairs required by a lender.
The zoning is listed as TTF. The property is identified as 9 Bourne St in Lowell, MA and is being delivered vacant. The seller notes the layout could be adjusted, with a little work, to create 4 bedrooms in each unit for a total of 12 bedrooms.
Buyer should plan for any needed repairs required by a lender.
Key Highlights
- Three‑family home built in 1900 on 9 Bourne Street, Lowell, MA
- Each of the three units is currently a 3‑bedroom layout (potential to make 4 bedrooms in each unit for 12 total)
- Historic interior details include some hardwood floors, decorative woodwork, built‑in cabinetry, and butler's pantries in the kitchens
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 | $113.2k | $34.80 |
| − Vacancy | −$7.7k | −$2.37 |
| EGI | $105.5k | $32.43 |
| − OpEx | −$47.5k | −$14.60 |
| NOI | $58.0k | $17.84 |
3,253 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$920.8K
$805.7K – $1.07M
NOI $64,453 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$829.0K
$725.4K – $967.2K
NOI $58,029 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,146 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three spacious units with individual basement laundry hookups and separate storage areas, delivered vacant for new ownership.
Where is this triplex located?
The property is located at 9 Bourne St Lowell, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑family home built in 1900 on 9 Bourne Street, Lowell, MA; Each of the three units is currently a 3‑bedroom layout (potential to make 4 bedrooms in each unit for 12 total); Historic interior details include some hardwood floors, decorative woodwork, built‑in cabinetry, and butler's pantries in the kitchens
