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406-408 Lowell St, Lawrence MA 01841

$655,000

Estimated $1,379/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $327,500

Total Rent: 26400/year

Estimated CAP Rate: 3.45%

5 Bedrooms

2 Full Baths

1,838 SqFt

Total Parking: 6 (2 Garage)

6,048 SqFt

Come view this charming duplex-style family home, ideal for homeowners seeking additional rental income or investors. Nicely maintained with updated kitchens and small fenced in yard. The oversized multi car garage provides opportunity for additional rental income: perfect for a car enthusiast , additional storage , or workshop. This property combines classic charm with practical amenities, offering a unique opportunity for the right buyer.

This home has been viewed 74 times

Last Checked: January 4th, 2025 at 5:19am (Source: MLS PIN #73298687)

Gross Income: $26,400

Gross Expenses: $3,803

Net Income Calc: $22,597

CAP Rate: 3.45%

Annual Expenses for 406-408 Lowell St, Lawrence MA 01841

Total Gross Expenses (Calculated)$3,803/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,803

Annual Income & Unit Breakdown for 406-408 Lowell St, Lawrence MA 01841

Total Gross Income (Calculated)$26,400

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

General Information for 406-408 Lowell St, Lawrence MA 01841

Listing ID73298687

Property TypeMulti Family

Price$655,000 ($356.37/SqFt)

StyleMulti Family

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,838 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoning0

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 406-408 Lowell St, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$26,400

Total Net Income By Broker$26,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 406-408 Lowell St, Lawrence MA 01841

Real Estate Taxes$3,803

Tax Year2024

Assessed Value$411,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$26,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$26,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.45%

Location Information for 406-408 Lowell St, Lawrence MA 01841

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 406-408 Lowell St, Lawrence MA 01841

Agent

Name: Homegrown Realty Team

Office

Name: Citylight Homes LLC

Phone: 978-977-0050

Payment Calculator

, Interest

Property Taxes 316.92

Principal & Interest 4035.9

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Citylight Homes LLC

Homegrown Realty Team

Agent Phone

Office Phone

(978) 977-0050

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT