Active
27 Days on market
60 Andrews St Lowell — Photo 1 of 26

60 Andrews St Lowell — Photo 1 of 26

$1,250,000

Investment Analysis — 60 Andrews St

Lowell, MA 01852 — South Lowell

Based on rent reported on the MLS listing, a 4-unit multi-family in 01852 carries $8,525/mo in gross rent — about a 5.62% cap rate and $70,250/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

11

Baths

4

SqFt

5,043

Style

4 Family - 4 Units Up/Down

Built

1900

Unique 4-family investment property consisting of TWO SEPARATE BUILDINGS—a single-family home in front and a Triple Decker in the rear. The front single-family home offers 6 rooms, 4 bedrooms, 1 full bath, a kitchen, and a living room, with approximately 1,539 SF. Interior renovated March 2026; front stairs and roof renovated in 2024.The rear triple decker features three 2-bedroom units. The first-floor unit offers 4 rooms, 2 bedrooms, a living room, a kitchen, and a full bath. A new gas heating system and hot water tank were installed in January 2024. The second-floor unit offers 5 rooms, 2 bedrooms, a living room, a kitchen, a full bath, and a laundry room; renovated April 2026 with a new stove and a newer refrigerator. The third-floor unit offers 5 rooms, 2 bedrooms, a living room, a kitchen, and a full bath; renovated June 2024. An additional bonus room with a closet off the kitchen provides flexible space for an office, den, or other use.Major improvements completed in 2019 include vinyl siding, windows, an enclosed porch, a new roof, updated electrical, and a hard-wired smoke alarm system. Current annual gross rental income: $102,300. Annual operating expenses: approximately $18,527 (excluding mortgage interest). NOI: approximately $83,773. At an asking price of $1,250,000, the approximate cap rate is 6.70%. Financial information available for buyer review. Buyer/buyer agent to perform due diligence and verify all information. DISCLAIMER: Information contained herein, including rents, income, expenses, NOI, cap rate, pro forma calculations, property data and comparable-sale/pricing analysis, is provided for informational purposes only and is believed to be reliable but is not guaranteed. Financial results and future performance may vary. This information does not constitute an appraisal, accounting, tax, legal or investment advice. Buyer and buyer's agent should independently verify all information and conduct their own due diligence and financial analysis.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,250,000
Annual Taxes$7,498

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms18
FireplacesNone
FlooringWood, Plywood, Varies, Hardwood, Tile
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingSteam, Oil, Baseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningTTF

Property & Lot

Acres0.11
SqFt Lot4,792
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School

Geography

Listing Provided By

Listing Agent: Paulratha Yem

Listing Office: Global Realty Network, Inc.

MLS® Number: 73569886