60 Andrews StLowell, MA 01852

Description

Unique 4-family investment property consisting of TWO SEPARATE BUILDINGS—a single-family home in front and a Triple Decker in the rear. The front single-family home offers 6 rooms, 4 bedrooms, 1 full bath, a kitchen, and a living room, with approximately 1,539 SF. Interior renovated March 2026; front stairs and roof renovated in 2024.The rear triple decker features three 2-bedroom units. The first-floor unit offers 4 rooms, 2 bedrooms, a living room, a kitchen, and a full bath. A new gas heating system and hot water tank were installed in January 2024. The second-floor unit offers 5 rooms, 2 bedrooms, a living room, a kitchen, a full bath, and a laundry room; renovated April 2026 with a new stove and a newer refrigerator. The third-floor unit offers 5 rooms, 2 bedrooms, a living room, a kitchen, and a full bath; renovated June 2024. An additional bonus room with a closet off the kitchen provides flexible space for an office, den, or other use.Major improvements completed in 2019 include vinyl siding, windows, an enclosed porch, a new roof, updated electrical, and a hard-wired smoke alarm system. Current annual gross rental income: $102,300. Annual operating expenses: approximately $18,527 (excluding mortgage interest). NOI: approximately $83,773. At an asking price of $1,250,000, the approximate cap rate is 6.70%. Financial information available for buyer review. Buyer/buyer agent to perform due diligence and verify all information. DISCLAIMER: Information contained herein, including rents, income, expenses, NOI, cap rate, pro forma calculations, property data and comparable-sale/pricing analysis, is provided for informational purposes only and is believed to be reliable but is not guaranteed. Financial results and future performance may vary. This information does not constitute an appraisal, accounting, tax, legal or investment advice. Buyer and buyer's agent should independently verify all information and conduct their own due diligence and financial analysis.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1900

Stories

11

Living area

5,043 Sq Ft

Lot size

0.11 acres

Parking spaces

4

Zoning

TTF

Days on market

50

MLS^® Listing#

73569886

Property Features

Interior

Ceiling Fan(s) · Pantry

Appliances

Range · Refrigerator · Electric Water Heater · Gas Water Heater

Cooling

Window Unit(s) · Ceiling Fan(s)

Heating

Natural Gas · Steam · Oil · Baseboard · Zoned

Flooring

Wood · Varies · Hardwood · Tile

Basement

Full · Interior Entry · Concrete · Unfinished

Parking

Paved · Off Street · On Street · Driveway

Patio

Enclosed

Construction

Frame

Foundation

Stone

Roof

Shingle

Windows

Insulated Windows

Community

Park

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$7,498Tax year 2025

Assessed value

$653,100

Parcel number

M:204 B:165 L:60,3193564

Directions

Lawrence St or Moore St to Andrews St