185-187 Lowell Street Somerville — Photo 1 of 34
$1,700,000
Investment Analysis — 185-187 Lowell Street
Somerville, MA 02144
Based on rent reported on the MLS listing, a 6-unit multi-family in 02144 carries $11,535/mo in gross rent — about a 5.23% cap rate and $88,864/yr in estimated NOI at the $1,700,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
6
SqFt
3,621
Style
5-9 Family
Built
1900
Legal six family apartment building in desirable location just 2/10 mile near new Green Line T stop at Magoun station and 9/10 mile to Porter Square Red Line T Station. This property is a great investment opportunity with annual rents totaling $136,000 per year. Five units are one bedroom apartments and one unit is a studio apartment. All with gas cooking and gas heat. There are coin operated laundry machines in basement and a good size yard. Five of the six units are currently rented with leases expiring 8/31/27 and we are keeping one unit empty to facilitate showings.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: Lori Orchanian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73555712
