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60 Andrews St

Lowell, MA 01852
  • $1,200,000
  • STATUS: Active
  • MLS #: 73569886
UPDATED: 48 min ago
$1,200,000
  • 11
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,043
    SQFT
  • $238
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Paul-Ratha Yem of Global Realty Network, Inc..

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-10-11T07:06:43.88.
www.martonegroup.com/homes/180696862
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60 Andrews St Lowell, MA 01852

  • Price: $1,200,000
  • Status: Active
  • On Site: Days
  • Updated: 48 min ago
  • MLS #: 73569886
11
Beds
4
Baths
0
½ Baths
0.11
Acres
5,043
SQFT
$238
$/SQFT
1900
Built
Neighborhood:
South Lowell
County:
Middlesex
Area:
South Lowell
Property 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.
Exterior Features

Color YELLOW Construction Materials Frame Covered Spaces 0 Garage YN No Levels 11 Open Parking YN Yes Parking Features Paved DriveOff StreetOn StreetDrivewayPaved Parking Total 4 Patio And Porch Features Enclosed Road Frontage Type Public Roof Shingle Spa YN No Waterfront YN No

Interior Features

Appliances RangeRefrigerator Basement FullInterior EntryConcreteUnfinished Building Area Total 5043 Cooling Window Unit(s) Cooling YN Yes Door Features Insulated Doors Fireplace YN No Fireplaces Total 0 Flooring WoodPlywoodVariesHardwoodTile Foundation Details Stone Heat Units 4 Heat Zones 4 Heating SteamOilBaseboardNatural Gas Heating YN Yes Interior Features Ceiling Fan(s)Bathroom With Tub & ShowerPantryRemodeledLiving RoomDining RoomKitchen Lead Paint Unknown Rooms Total 18 Window Features Insulated Windows

Property Features

Community Features Public TransportationShoppingParkHighway AccessHouse of WorshipPublic SchoolT-StationUniversity Disclosures The listing agent is a part-owner and related to the owner. All photos are AI-enhanced. Information Deemed Reliable BUT Not Guaranteed. Buyers are responsible for their own due diligence. Sellers reserve the right to accept the offer at any time. Electric Circuit Breakers100 Amp Service Exclusions Tenants' Personal Belongings. Gross Income 102300 Home Warranty YN No Net Operating Income 45398 Operating Expense 56902 Property Sub Type 4 Family - 4 Units Up/Down Rent Includes Unit 1(Water)Unit 2(Water)Unit 3(Water)Unit 4(Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 7498 Tax Year 2025 Total Actual Rent 8525 Utilities for Gas Rangefor Electric Range Water Source Public Year Built Details Approximate Year Round Yes Zoning TTF

Listing information © 2026 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Paul-Ratha Yem of Global Realty Network, Inc.: 800-494-2400.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2026-10-11T07:06:43.88.
 
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Listing courtesy of Paul-Ratha Yem of Global Realty Network, Inc..