What is the estimated cap rate for 63-65 Lakeview, Lowell, MA 01850?

Based on rent reported on the MLS listing, 63-65 Lakeview, Lowell, MA 01850 (5 units) has an estimated 7.13% cap rate at its $745,000 list price, assuming $6,500/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 63-65 Lakeview, Lowell, MA 01850?

The MLS listing reports about $6,500/month in total rent for a 5-unit multi-family in 01850. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

1 Days on market

63-65 Lakeview Lowell — Photo 1 of 9

$745,000

Investment Analysis — 63-65 Lakeview

Lowell, MA 01850 — Centralville

Based on rent reported on the MLS listing, a 5-unit multi-family in 01850 carries $6,500/mo in gross rent — about a 7.13% cap rate and $53,097/yr in estimated NOI at the $745,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

4.5

SqFt

3,588

Style

5-9 Family

Built

1920

Mixed Use, 3 floors, 5 units, completely occupied, all TAW. 1st floor commercial unit, currently place of worship use. 4 residential units occupy 2nd and 3rd floors, consisting of two 2 bed units and 2 1 bed units, with letters of full delead compliance. Driveway and parking in rear 3 spaces. In last 2-3 years-Newer heat/AC pumps installed in all residential units, newer oil fired heat/AC installed for commercial unit. Turn key property. Current rents lower than market prevailing.

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 MLS and other third-party data may be inaccurate or out of date.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.

Financials

Original Price$745,000

Annual Taxes$6,183

Parking

Garage0

Off-Street3

Interior Specifications

Total Rooms16

FireplacesNone

Flooring--

BasementFull

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofSlate, Rubber

FoundationStone

ZoningMixed Use

Property & Lot

Acres0.07

SqFt Lot2,875

Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Dorianne Alexandropoulos

Listing Office: Dori Anne Realty

MLS® Number: 73577719