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$ 699,000
Est. payment /mo
New
34 Neofotistos Cir Dracut, MA 01826
6 Beds
2 Baths
2,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family - 2 Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $332
MLS Listing ID 73571886
Bedrooms 6
Full Baths 2
Year Built 1963
Annual Tax Amount $5,539
Tax Year 2026
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type 2 Family - 2 Units Side by Side
Property Description
Rare opportunity to acquire a side-by-side duplex in a desirable cul-de-sac location near UMass Lowell's North Campus. This well-positioned two-family property offers approximately 2,100 square feet of living area, with two similar and spacious units. Each unit features 5 rooms, including 3 bedrooms, 1 full bathroom, a private entrance, basement space and separate washer/dryer hookups. The side-by-side configuration provides greater privacy than a traditional up-and-down two-family home and offers flexibility for investors, owner-occupants or buyers seeking a multigenerational living arrangement.Both units are currently occupied, providing immediate rental income. Existing rents are below current market levels, offering potential for future income growth subject to the existing tenancies, applicable laws and buyer due diligence. Tenants pay their own gas heat and electricity, helping limit owner-paid operating expenses.Additional features include ample off-street parking, a generous level yard and separate living arrangements for each household. The property's location near UMass Lowell creates strong long-term rental appeal. Convenient access to public transportation, shopping, restaurants, downtown Lowell, local employment centers and major commuter routes adds to its investment value.Whether you are an experienced investor looking to expand your rental portfolio or an owner-occupant interested in building equity while collecting income from the second unit, this property offers an attractive combination of space, location, established tenancy and future rental potential. Buyer and buyer's agent to perform their own due diligence regarding rents, leases, expenses and future rental opportunities.
Location
State MA
County Middlesex
Zoning R3
Direction Please use Google or Apple Maps
Rooms
Basement Full, Partially Finished, Walk-Out Access
Exterior
Total Parking Spaces 6
Garage No
Building
Story 4
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Bostonville Realty