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.
Sold for $1,200,000
$1,200,000
12-12 Varney St #14, Lowell, MA 01854
11beds
7,862sqft
5-9 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$153/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Plenty of on-street parkingSmall yard
Zillow last checked:
Listing updated:
Listed by:
Paul Brouillette 978-852-3001,
LAER Realty Partners 978-251-8221
Bought with:
Paul Brouillette
LAER Realty Partners
Source: MLS PIN,MLS#: 73334630
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 10
- Full bathrooms: 10
Appliances
- Included: Range, Refrigerator
Features
- Living Room, Kitchen
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 7,862
- Total interior livable area: 7,862 sqft
- Finished area above ground: 7,862
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive, Off Street, On Street, Paved
- Garage spaces: 1
- Uncovered spaces: 2
Features
- Patio & porch: Porch
Lot
- Size: 9,148 sqft
Details
- Parcel number: M:118 B:5875 L:12
- Zoning: TMF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter, Other
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Park, Public School, T-Station
Location
- Region: Lowell
HOA & financial
Other financial information
- Total actual rent: 11850
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2025 | Sold | $1,200,000-4%$153/sqft |
Source: MLS PIN #73334630 Report a problem | ||
| 2/19/2025 | Listed for sale | $1,250,000$159/sqft |
Source: MLS PIN #73334630 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Acre
Nearby schools
GreatSchools rating
- 5/10Charlotte M Murkland Elementary SchoolGrades: PK-4Distance: 0.1 mi
- 7/10Kathryn P. Stoklosa Middle SchoolGrades: 5-8Distance: 0.2 mi
- 4/10Lowell High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Charlotte M. El
- Middle: Kathryn P. Stok
- High: Lowell High
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Massachusetts
- Middlesex County
- Lowell
- 01854
- Acre
- 12-12 Varney St Unit 14
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