60 ANDREWS ST

Highlights

• 60 Andrews Street is located in South Lowell, offering convenient access to Downtown Lowell, major employment centers, shopping, schools, public transportation, and regional highway connections. The propertys location gives tenants easy access to everyday services while maintaining connectivity to
• For multifamily investors, the South Lowell location combines access to transportation, employment, education, and community services within an established residential rental market.
• Nearby destinations include Downtown Lowell, UMass Lowell, Lowell General Hospital, the Cross Point office complex, shopping and dining destinations, and the regions extensive network of employment, educational, and recreational amenities.
• The property is conveniently positioned near Route 110, Route 38, and the Lowell Connector, providing access to Route 3 and Interstate 495. Downtown Lowell, the MBTA Commuter Rail station, and the Gallagher Intermodal Transportation Center are also readily accessible, providing transportation connec
• $102,300 Annual Gross Rental Income Current monthly rental income of $8,525.
• 4-Unit Multifamily Investment Four residential units across two separate buildings on one property.
• 5,043 SF of Total Living Area 10 bedrooms and 4 full bathrooms across the four residential units.
• Attractive In-Place Yield Approximately $83,773 NOI and a 6.70% capitalization rate at the $1,250,000 offering price.
• Off-Street Parking Parking for 4+ vehicles.
• Renovated Single-Family Residence The detached 4-bedroom home was renovated in March 2026.
• Significant Recent Capital Improvements Major improvements include vinyl siding, windows, roofing, electrical upgrades, and hard-wired smoke alarm systems, along with unit renovations and mechanical improvements completed from 2019 through 2026.
• South Lowell Location Convenient access to shopping, schools, public transportation, and major routes.
• Unique Two-Building Configuration Detached 4-bedroom single-family residence plus a three-family building containing three 2-bedroom units.
• Updated Three-Family Building Recent improvements include renovated units and updated heating/hot-water equipment.

Location

Points of Interest