What is the estimated cap rate for 1535 Middlesex Street, Lowell, MA 01851?

Based on rent reported on the MLS listing, 1535 Middlesex Street, Lowell, MA 01851 (3 units) has an estimated 1.86% cap rate at its $1,499,900 list price, assuming $4,000/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 1535 Middlesex Street, Lowell, MA 01851?

The MLS listing reports about $4,000/month in total rent for a 3-unit multi-family in 01851. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

2 Days on market

1535 Middlesex Street Lowell — Photo 1 of 42

$1,499,900

Investment Analysis — 1535 Middlesex Street

Lowell, MA 01851 — Highlands

Based on rent reported on the MLS listing, a 3-unit multi-family in 01851 carries $4,000/mo in gross rent — about a 1.86% cap rate and $27,931/yr in estimated NOI at the $1,499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

3,149

Style

3 Family

Built

1890

Great opportunity knock on this amazing, highly visible real estate property located in one of the desirable Highlands area. Perhaps you could establish Store front/Office/Retail business or may be reverted back to residential. This dwelling has good exposure to incoming and outgoing motor vehicle/foot traffic with excellent traffic count. This nice property is next door to other retail businesses and offices on the street. This beautiful three family building use MDL-94 consist of as follows: First floor, currently occupied by seller family have been operating retail business for many years, Second floor occupied by tenant has a leased due to expired in 11/30/26 and Third floor tenant leased due to expired in 07/30/27. First floor has AC condenser installed in 2024. Second floor has FUJISU-Airstage mini split heat & cool installed in 2024. Third floor run on electric and has GEE-Inverter mini split heat & cool installed in 2026. Finished walk-out basement was nicely done about 2 years ago. Property to be conveyed with Second and Third floor tenants. First floor unit will be vacant on or before closing date.

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$1,499,900

Annual Taxes$8,548.98

Parking

Garage0

Off-Street14

Interior Specifications

Total Rooms12

FireplacesNone

Flooring--

BasementFull, Finished, Walk-Out Access

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationStone

ZoningB2001

Property & Lot

Acres0.16

SqFt Lot7,009

Lot FeaturesLevel

Geography

Listing Provided By

Listing Agent: Borath L. Men

Listing Office: Homeplace Realty, Inc.

MLS® Number: 73576081