
116 Midland Street Lowell — Photo 1 of 29
Recent Drop: $29,999
$605,000
Investment Analysis — 116 Midland Street
Lowell, MA 01851
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01851 carries an estimated $2,720/mo in gross rent — about a 3.20% cap rate and $19,374/yr in estimated NOI at the $605,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,477
Style
Single Family
Built
1910
Here is a great opportunity to own this wonderful Colonial single family home with a nice level lot in the Highland area. Featuring 6+ cars tandem off-street parking, Pergo laminate flooring through out home, Extra 3/4 bathroom on first floor, Washer & Dryer machine in first floor full bathroom, Fujitsu Mini split heat and cool on second floor was installed about 5 years ago, New windows was installed about 4 years ago, Steam radiator on first floor, Family room and Other rooms could be utilize as an additional bedroom/office/play rooms, Formal dining room, Living room, Eat-in Kitchen has mud room and a rear door access outside to driveway and backyard. There is a large shed that could be convert to a garage, just an ideal for a handyman or someone willing to build sweat equity for this beautiful home has to offer. Property needed TLC and being sold "AS IS" condition.
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: 739 sq ft (the lesser of 900 sq ft or half the 1,477 sq ft principal dwelling). Lot size: 7,485 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondCloset, Flooring - Laminate
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Laminate
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - 3/4
Property History
$605,000
Was $634,999
Sep 8, 2026
MLS® 73555339
$634,999
Jul 27, 2026
MLS® 73555339
Listing Agent: Borath L. Men
Listing Office: Homeplace Realty, Inc.
MLS® Number: 73555339