Active
54 Days on market
1582 Varnum Ave Lowell — Photo 1 of 42

1582 Varnum Ave Lowell — Photo 1 of 42

Recent Drop: $56,000

$675,000
$619,000

$619,000

Investment Analysis — 1582 Varnum Ave

Lowell, MA 01854 — Pawtucketville

Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01854 carries an estimated $2,700/mo in gross rent — about a 3.03% cap rate and $18,759/yr in estimated NOI at the $619,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,382

Style

Single Family

Built

1960

Please check back on the morning of Sunday, September 13th, for weather-related updates regarding potential postponement of the open house scheduled for that day. Step into this bright, beautifully updated Cape, an inviting residence featuring three spacious bedrooms and two modern, updated bathrooms, offering the perfect opportunity to make this space your own. The property is set on a sprawling 0.36-acre fenced lot, enhanced by custom exterior lighting, two convenient storage sheds, and a paved driveway that accommodates up to four cars. Located conveniently on the Tyngsboro line, this home offers easy access to the Tyngsboro Park-Drive, and tax-free shopping in New Hampshire. Additionally located just a short distance to Greater Lowell Tech H.S., Lowell General Hospital, UMass, Pawtucket Blvd., and Lowell Public and Charter Schools. Prospective buyers will appreciate the extensive renovations completed within the last seven years, including roof, vinyl siding, gutters, insulated windows, drywall, ceilings, heating, plumbing, electrical systems, lighting, and hardwood flooring throughout both levels. The primary bedroom on the first floor has been enlarged by combining it with the adjacent bedroom. The open-concept kitchen, renovated in 2020, boasts recessed lighting, stainless steel appliances, stylish white cabinetry, gorgeous granite countertops, and a 92-inch center island that provides ample storage and serves as a seamless link between the kitchen and the inviting living area. The living area offers direct access to the staircase leading to the second-floor full bathroom and bedrooms. The kitchen also includes a secondary entrance leading to a newer, upgraded rear deck that extends living outdoors, perfect for alfresco dining and entertaining. This outdoor oasis features a retractable sunshade and a built-in television setup, making it an ideal venue for hosting watch parties or simply relaxing while overlooking the generous and peaceful backyard. With your due diligence, there may be potential for future expansion or the addition of an accessory dwelling unit. Please note that some room photos have been digitally cleared of furniture.

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: 691 sq ft (the lesser of 900 sq ft or half the 1,382 sq ft principal dwelling). Lot size: 15,682 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.

Open Houses

Property Details

Financials

Original Price$675,000
Annual Taxes$5,865

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile, Hardwood
BasementFull, Walk-Out Access, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Electric Baseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSSF

Property & Lot

Acres0.36
SqFt Lot15,682
Lot FeaturesCleared, Gentle Sloping, Level

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 2
First
Primary Bedroom
Main,First
Living RoomKitchenBathroom 1
Living Room
Lvl Main,First

23 x 12

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, Exterior Access, Open Floorplan, Wainscoting, Lighting - Overhead

Kitchen
Lvl Main,First

15 x 12

Flooring - Hardwood, Flooring - Wood, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Overhead, Crown Molding

Primary Bedroom
Lvl First

23 x 12

Ceiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Handicap Accessible

Bedroom 2
Lvl Second

16.1 x 12

Bedroom 3
Lvl Second

12.8 x 12

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl Main,First

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Countertops - Stone/Granite/Solid

Property History

Price Drop
$619,000

Was $629,000

Sep 2, 2026

MLS® 73550802

Price Drop
$629,000

Was $675,000

Aug 7, 2026

MLS® 73550802

Listed
$675,000

Jul 22, 2026

MLS® 73550802

Listing Provided By

Listing Agent: Cheryl A. Maggio

Listing Office: LAER Realty Partners

MLS® Number: 73550802