388 Varnum Ave Lowell — Photo 1 of 35
$699,900
Investment Analysis — 388 Varnum Ave
Lowell, MA 01854
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 4-bedroom in 01854 carries an estimated $2,980/mo in gross rent — about a 2.95% cap rate and $20,647/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,465
Style
Single Family
Built
2002
Welcome to 388 Varnum Ave, Lowell! This spacious 4-bedroom, 3-full-bath home offers comfort, convenience, and an unbeatable location directly across from Lowell General Hospital. The flexible floor plan provides plenty of space for everyday living, entertaining, and guests. Ideally situated close to shopping, dining, schools, public transportation, and major highways, this home is perfect for those looking for convenience and accessibility. Whether you’re a homeowner, first-time buyer, or investor, this property offers an excellent opportunity in a highly desirable Lowell location. Don’t miss the chance to make 388 Varnum Ave your new home!
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: 900 sq ft (the lesser of 900 sq ft or half the 2,465 sq ft principal dwelling). Lot size: 13,068 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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Medical Facility • Public School • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.5 x 18
Flooring - Hardwood
Dining Room
Lvl First11.833333333 x 13.416666666
Flooring - Hardwood
Kitchen
Lvl FirstMaster Bedroom
Lvl SecondBathroom - Full, Flooring - Hardwood, Closet - Double
Bedroom 2
Lvl First13.666666666 x 16.416666666
Bedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl Second9.583333333 x 11.583333333
Flooring - Hardwood
Bathroom 1
Lvl Second7.166666666 x 7.416666666
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second7.666666666 x 7.416666666
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl First11.5 x 6.333333333
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Ruchi Misra
Listing Office: Keller Williams Realty Boston Northwest
MLS® Number: 73575081
