Active
9 Days on market
34 Neofotistos Cir Dracut — Photo 1 of 21

34 Neofotistos Cir Dracut — Photo 1 of 21

$699,000

Investment Analysis — 34 Neofotistos Cir

Dracut, MA 01826

Based on rent reported on the MLS listing, a 2-unit multi-family in 01826 carries $4,100/mo in gross rent — about a 4.56% cap rate and $31,853/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

2

SqFt

2,100

Style

2 Family - 2 Units Side by Side

Built

1963

Rare opportunity to acquire a side-by-side duplex in a desirable cul-de-sac location near UMass Lowell’s North Campus. This well-positioned two-family property offers approximately 2,100 square feet of living area, with two similar and spacious units. Each unit features 5 rooms, including 3 bedrooms, 1 full bathroom, a private entrance, basement space and separate washer/dryer hookups. The side-by-side configuration provides greater privacy than a traditional up-and-down two-family home and offers flexibility for investors, owner-occupants or buyers seeking a multigenerational living arrangement.Both units are currently occupied, providing immediate rental income. Existing rents are below current market levels, offering potential for future income growth subject to the existing tenancies, applicable laws and buyer due diligence. Tenants pay their own gas heat and electricity, helping limit owner-paid operating expenses.Additional features include ample off-street parking, a generous level yard and separate living arrangements for each household. The property’s location near UMass Lowell creates strong long-term rental appeal. Convenient access to public transportation, shopping, restaurants, downtown Lowell, local employment centers and major commuter routes adds to its investment value.Whether you are an experienced investor looking to expand your rental portfolio or an owner-occupant interested in building equity while collecting income from the second unit, this property offers an attractive combination of space, location, established tenancy and future rental potential. Buyer and buyer’s agent to perform their own due diligence regarding rents, leases, expenses and future rental opportunities.

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

Original Price$699,000
Annual Taxes$5,539

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms12
FireplacesNone
Flooring--
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningR3

Property & Lot

Acres0.35
SqFt Lot15,167
Lot Features--

Geography

Listing Provided By

Listing Agent: Apurva Patel

Listing Office: Bostonville Realty

MLS® Number: 73571886