117 Lexington Ave Lowell — Photo 1 of 35
$589,900
Investment Analysis — 117 Lexington 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 3.25% cap rate and $19,166/yr in estimated NOI at the $589,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,592
Style
Single Family
Built
1964
Welcome to 117 Lexington Ave! This 3-bedroom, 2-full-bath home features numerous updates, including flooring, windows, kitchen, bathrooms and recessed lighting. The main level offers a bright, updated kitchen that flows into the living room and enclosed porch/sunroom. The deck and backyard provide great outdoor space.The second floor features a primary bedroom with a walk-in closet, additional bedroom and a bonus room that can be used as an office, guest room or additional living space. The roof and electrical system were updated in connection with the installation of solar panels through an existing Sunrun agreement. A whole-house fan on the top floor adds comfort during warmer months. The walk up basement offers potential for future finished space and includes a 30-amp generator hookup. A storage shed provides additional storage. Conveniently located near shopping, restaurants, schools, hospitals, parks and major commuter routes. Some photos have been virtually staged for illustration purposes. Vacant and easy to show.
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: 796 sq ft (the lesser of 900 sq ft or half the 1,592 sq ft principal dwelling). Lot size: 5,227 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
Gas Water Heater • Water Heater • Range • Dishwasher • Trash Compactor • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 12
Window(s) - Bay/Bow/Box, Recessed Lighting
Dining Room
Lvl FirstRecessed Lighting
Kitchen
Lvl Main,First12 x 12
Dining Area, Recessed Lighting
Master Bedroom
Lvl Second16 x 11
Walk-In Closet(s), Closet, Recessed Lighting
Bedroom 2
Lvl Second12 x 10
Bedroom 3
Lvl First12 x 12
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl First8 x 5
Bathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl Second8 x 5
Bathroom - Full, Bathroom - With Tub & Shower
Listing Agent: Bonieta Lach
Listing Office: Pailin Realty
MLS® Number: 73571673
