12 14 16 Varney St
Lowell, MA 01854
- 11 beds
- 10 baths
- 7,862 sqft
- 9,148 sqft lot
- $158 per sqft
- 1900 build
- – on site
Excellent Investment opportunity. IRS 1031 Exchange Option available. Property has been managed by same company for 35 plus years. Good Condition and Low Turnover. The property consists of two buildings: 12 Varney, which has 4 units, and 14-16 Varney, offering 6 units. With a total of 10 units generating over $10k in monthly income, which is a 9.18% Cap Rate. 14 Varney has new steam boiler installed 2020, Elec panel updated to breakers 2020, Sewer line upgraded 2023. The location is convenient, with easy access to Lowell MBTA, shopping, and a public park, as well as major highways. Additionally, the property includes a small yard, 1-car garage, 2 off-street parking and plenty of on-street parking. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
Last checked:
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Last updated Feb 20, 2025
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MLS# 73334630 —
The Building
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Year Built:1900
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Year Built Details:Approximate
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Year Built Source:Public Records
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Foundation Details:Concrete Perimeter
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Patio And Porch Features:Porch
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Levels:6
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Stories Total:6
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Stories:6
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# of Units Total:10
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Building Area Total:7862
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Building Area Units:Square Feet
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Building Area Source:Other
Interior
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Rooms Total:27
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Interior Features:Living Room
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Fireplace:false
Room Dimensions
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Living Area:7862
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Living Area Source:Other
Location
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Directions:Thorndike St to Fletcher St to Varney St
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Latitude:42.645627
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Longitude:-71.322925
The Property
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Parcel Number:M:118 B:5875 L:12
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Property Type:Residential Income
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Property Subtype:5-9 Family
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Lot Size Units:Acres
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Lot Size Area:0.21
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Lot Size SqFt:9148
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Lot Size Acres:0.21
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Zoning:TMF
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Waterfront:false
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Farm Land Area Units:Square Feet
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Road Frontage Type:Public
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Office phone:
- (978) 251-8221
Taxes
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Tax Year:2024
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Tax Lot:12
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Tax Block:5875
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Tax Map Number:118
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Tax Book Number:8432
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Tax Annual Amount:8345
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Tax Assessed Value:700700
Beds
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Bedrooms Total:11
Baths
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Total Baths:10
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Total Baths:10
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Full Baths:10
The Listing
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Home Warranty:false
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Range
Schools
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Elementary School:Charlotte M. El
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Middle Or Junior School:Kathryn P. Stok
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High School:Lowell High
The Community
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Senior Community:false
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Community Features:Public Transportation
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Spa:false
Parking
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Garage:true
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Garage Spaces:1
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Parking Total:2
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Parking Features:Paved Drive
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Covered Spaces:1
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Open Parking:true
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/19/25
Feb 19, 2025
|
Listed / Active | MLSPIN | $1,250,000 |