New - 2 days on Rocket
$10,000 Closing Credit¹
#73334641, Paul Brouillette, Listing Office: LAER Realty Partners
$1,250,000 List price
12-14-16 Varney St Lowell, MA 01854
$10,000
Closing credit¹
11 beds
10 full
7,862 sqft
0.2 acres
$159 / sqft
Multi-Family
Property details
About 12-14-16 Varney St
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.
Highlights
Home typeMulti Family
StatusActive
(New)
(New)
Size7,862 sqft
Lot size0.21 Acres
Year built1900
ParkingPaved Drive, Off Street, On Street, Paved
MLS #73334630
Garage1 space
Summary
- MLS Number: 73334630
- MLS Name: MLS Property Information Network
- Office Name: LAER Realty Partners
- Office Phone: (978) 251-8221
- Listing Agent: Paul Brouillette
Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 8:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,250,000
12-14-16 Varney St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Charlotte M Murkland Elementary School
Public District PK-4
0.3 mi
•350 Adams St
4
Joseph Mcavinnue
Public District PK-4
0.7 mi
•131 Mammoth Rd
6
Charles W Morey
Public District PK-4
0.9 mi
•130 Pine St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,212. Typical income of Lowell, MA residents is less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
38%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
15%
Single, with Kids
13%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
31%
18-34 yrs old
33%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Soccer
Pro Boxing
Continuing Education Courses
Where do the neighbors shop?
Forever 21
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Qdoba
What do the neighbors drive?
Mazda
Dodge
Volkswagen
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
News
All data provided by Home Junction and Claritas
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$10,000 Closing Credit¹
#73332403, Setha Pen, Listing Office: Stephen Lawrenson Real Estate
This home is located at 12-14-16 Varney St in Lowell, MA and zip code 01854 in the The Acre neighborhood. This 7,862 square foot home, which was built in 1900, sits on a 0.21 acre lot. Features: 11 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 19, 2025 and is currently priced at $1,250,000.
Lowell, MA housing market in January 2025 saw over 18 listings sold above listed price, more than 5 sold at listed price and over 16 sold below. In January 2025 in Lowell, MA there were 9.3% less homes for sale than in December. In January 2025, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $482,992.
From Rocket Homes Real Estate and based on county public records data.