751 Varnum Avenue Lowell — Photo 1 of 42
$500,000
Investment Analysis — 751 Varnum Avenue
Lowell, MA 01854
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01854 carries an estimated $2,700/mo in gross rent — about a 3.87% cap rate and $19,336/yr in estimated NOI at the $500,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,640
Style
Single Family
Built
1962
Charming Lowell Ranch with Updates & Versatile Outdoor Space! Welcome to this well-maintained ranch-style home offering comfortable one-level living with plenty of additional space to make your own. Featuring 3 bedrooms and 1 full bath, this home combines classic charm with thoughtful updates. The kitchen features stone countertops, stainless steel appliances, and a gas range, while hardwood floors add warmth throughout the main living areas. Central A/C provides added comfort year-round. The finished basement offers even more flexibility, with a bonus room that could be used as a home office, guest space, or hobby room, along with convenient laundry. Step outside to enjoy the new backyard patio, enclosed porch, fenced yard, and dedicated garden space—perfect for relaxing, entertaining, or enjoying your green thumb. A true standout is the oversized shed, complete with power and designed with the feel of a cabin or pool house. Recent improvements to the shed include new siding and a new roof, with fresh paint adding to its appeal. With city water and sewer and a convenient ranch layout, this Lowell home offers versatility both inside and out. Come see all it has to offer! Delayed showings until the OPEN HOUSE on Friday 9/25 4 PM to 6 PM.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 820 sq ft (the lesser of 900 sq ft or half the 1,640 sq ft principal dwelling). Lot size: 10,018 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Highway Access
Geography
Listing Agent: Thomas Bolduc
Listing Office: Keller Williams Realty Metropolitan
MLS® Number: 73581762