Rare opportunity to acquire a side-by-side duplex in a desirable cul-de-sac location walking distance to UMass Lowell’s North Campus. This well-positioned two-family property offers approximately 2,100 square feet of living area, with two similar and spacious units. Each unit features 5 rooms, including 3 bedrooms, 1 full bathroom, a private entrance, basement space and separate washer/dryer hookups. The side-by-side configuration provides greater privacy than a traditional up-and-down two-family home and offers flexibility for investors, owner-occupants or buyers seeking a multigenerational living arrangement.Both units are currently occupied, providing immediate rental income. Existing rents are below current market levels, offering potential for future income growth subject to the existing tenancies, applicable laws and buyer due diligence. Tenants pay their own gas heat and electricity, helping limit owner-paid operating expenses.Additional features include ample off-street parking, a generous level yard and separate living arrangements for each household. The property’s location near UMass Lowell creates strong long-term rental appeal. Convenient access to public transportation, shopping, restaurants, downtown Lowell, local employment centers and major commuter routes adds to its investment value.Whether you are an experienced investor looking to expand your rental portfolio or an owner-occupant interested in building equity while collecting income from the second unit, this property offers an attractive combination of space, location, established tenancy and future rental potential. Buyer and buyer’s agent to perform their own due diligence regarding rents, leases, expenses and future rental opportunities.
This home has been viewed 6 times
Last Checked: September 26th, 2026 at 5:03am (Source: MLS PIN #73571886)
Gross Income: $49,200
Gross Expenses: $10,110
Net Income Calc: $39,090
Annual Expenses for 34 Neofotistos Cir, Dracut MA 01826
Total Gross Expenses (Calculated)$10,110/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax5539
Annual Income & Unit Breakdown for 34 Neofotistos Cir, Dracut MA 01826
Total Gross Income (Calculated)$49,200
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
Rent Includes
General Information for 34 Neofotistos Cir, Dracut MA 01826
Listing ID73571886
Property TypeMulti Family / 2 Family
Price739000 ($351.9/SqFt)
Style2 Family - 2 Units Side By Side
CityDracut
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total2100
Approximate Lot Size (Acres)0.35
Total Parking6
Garage Parking0
Year Built1963
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningR3
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 34 Neofotistos Cir, Dracut MA 01826
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsPersonal Belongings.
Financial Data SourceEstimated
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 34 Neofotistos Cir, Dracut MA 01826
Real Estate Taxes5539
Tax Year2026
Assessed Value$572,800
Financial Data SourceEstimated
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 34 Neofotistos Cir, Dracut MA 01826
Neighborhood(s)
Area Amenities
Contact Information for 34 Neofotistos Cir, Dracut MA 01826