Unique 4-family investment property consisting of TWO SEPARATE BUILDINGS - A Single-family home in front and a triple-decker in the back: 1- The front single-family home offers 6 rooms, 4 bedrooms, 1 full bath, a kitchen, and a living room, with approximately 1,539 SF. The interior was renovated in March 2026; the front stairs and roof were renovated in 2024. 2- 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.
This home has been viewed 16 times
Last Checked: November 3rd, 2026 at 6:23am (Source: MLS PIN #73569886)
Gross Income: $98,100
Gross Expenses: $7,498
Net Income Calc: $90,602
Water Views
Annual Expenses for 60 Andrews St, Lowell MA 01852
Total Gross Expenses (Calculated)$7,498/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax7498
Annual Income & Unit Breakdown for 60 Andrews St, Lowell MA 01852
Total Gross Income (Calculated)$98,100
Unit 1
Rental Income$0
LeaseY
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit2
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit3
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit3
Rent IncludesHeat
Unit 4
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit3
Rent IncludesHeat
General Information for 60 Andrews St, Lowell MA 01852
Listing ID73569886
Property TypeMulti Family / 4 Family
Price1180000 ($233.99/SqFt)
Style4 Family - 4 Units Up/down
CityLowell
CountyMiddlesex
MLS AreaSouth Lowell
Neighborhood(s)
Approximate Living Area Total5043
Approximate Lot Size (Acres)0.11
Total Parking4
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningTTF
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 60 Andrews St, Lowell MA 01852
Lead PaintNone
UFFINo
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsSwing Set
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 60 Andrews St, Lowell MA 01852
Real Estate Taxes7498
Tax Year2025
Assessed Value$653,100
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 60 Andrews St, Lowell MA 01852
Neighborhood(s)
MLS AreaSouth Lowell
Area AmenitiesWalk/jog Trails
Contact Information for 60 Andrews St, Lowell MA 01852