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60 Andrews St

lowell, MA 01852

$1,250,000

  • 11 BR
    4 BA
    approx. 5,043 SF

Interested? Let's Connect

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.

Details

5,043 Sq Ft

4,792 Sq Ft Lot Size

investment

$625 Monthly Tax

Built in 1900

MLS/Listing ID 73569886

11 Stories

4 Units

Amenities & Features

Range

Refrigerator

Community - Public Transportation

Community - Shopping

Community - Park

Parking - Driveway

Parking - Paved

Enclosed

Shingle

Insulated Windows

Public Sewer

Public Water

Community - Highway Access

Community - House of Worship

Community - Public School

Community - T-Station

Community - University

Construction - Frame

Cooling - Window Units

Insulated Doors

Natural Wood

Plywood

Hardwood

Tile

Parking - On Street

Parking - Off Street

Stone

Heating - Steam

Heating - Oil

Heating - Baseboard

Heating - Natural Gas

Ceiling Fans

Bathroom with Tub and Shower

Pantry

Living Room

Dining Room

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

HOME PRICE
DOWN PAYMENT
TERM
INTEREST

Interested In 60 Andrews St?

MLSPIN

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.