12-14-16 Varney St, Lowell MA 01854
About this home
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.
Sale Statistics
This property sold for 4.0% below the original asking price.
With only 14 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
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Parking & Garage
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Additional Details
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12-14-16 Varney St, Lowell MA 01854
Lowell, MA 01854
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Property History
Market Insights
Property Timeline
Sold
May 29, 2025Listed for Sale
Feb 19, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/29/2025 | ✓ Sold | $1,200,000 | - | - | Property sold |
| 02/19/2025 | 🏠 Listed for Sale | $1,250,000 | - | - | Original listing |