$1,200,000
SOLD MAY 29, 2025

12 Varney St Lowell, MA 01854

Acre Neighborhood
11 Beds
10 Baths
7,862 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$153 Per Sq Ft

4% Below List Price

15 Days on Market

Highlights

  • 0.21 Acre Lot
  • Porch
  • Park
  • Property is near public transit
  • Living Room
  • 1 Car Garage

About This Home

As of May 2025

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.

Last Agent to Sell the Property

Paul Brouillette

LAER Realty Partners Listed on: 02/19/2025

LAER Realty Partners

Last Buyer's Agent

Paul Brouillette

LAER Realty Partners Listed on: 02/19/2025

LAER Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,345

Year Built

  • Built in 1900

Parking

  • 1 Car Garage
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 7,862 Sq Ft Home
  • Living Room
  • Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Charlotte M. El Elementary School
  • Kathryn P. Stok Middle School
  • Lowell High School

Additional Features

  • Porch
  • 9,148 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $11,850
  • Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water), unit 3(heat electric water hot water), unit 4(heat electric water hot water)
  • Legal Lot and Block 12 / 5875
  • Assessor Parcel Number M:118 B:5875 L:12

Community Details

Overview

  • 10 Units
  • Property has 1 Level

Recreation

  • Park

Building Details

  • Electric Expense $4,729
  • Insurance Expense $3,122
  • Water Sewer Expense $2,606
  • Operating Expense $27,428
  • Net Operating Income $114,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,345

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 6
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 11
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Total Bathrooms: 10
  • Above Grade Finished Sq Ft: 7862
  • Living Area: 7862
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 158.99
  • PRICE PER Sq Ft: 152.63
  • MAIN SO: AN1199

Exterior Features

  • Foundation Details: Concrete Perimeter, Other
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Public School, T-Station
  • Rent Includes: Unit 1(Heat,Electric,Water,Hot Water), Unit 2(Heat,Electric,Water,Hot Water), Unit 3(Heat,Electric,Water,Hot Water), Unit 4(Heat,Electric,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2606

Lot Info

  • Parcel Number: M:118 B:5875 L:12
  • Zoning: TMF
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9148
  • Lot Size Units: Acres
  • PAGE: 199
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8345
  • Tax Block: 5875
  • Tax Book Number: 8432
  • Tax Lot: 12
  • Tax Map Number: 118

Multi Family

  • Electric Expense: 4729
  • Gross Income: 142200
  • Insurance Expense: 3122
  • Net Operating Income: 114772
  • Number Of Units Total: 10
  • Operating Expense: 27428
  • Total Actual Rent: 11850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Lowell High
  • Elementary School: Charlotte M. El
  • Middle Or Junior School: Kathryn P. Stok

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Sold $1,200,000 -4.0% $153 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $1,250,000 -- $159 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2025

    Paul Brouillette

    Laer Realty

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73334630

MLS Property Information Network (MLS PIN)

APN: LOWE M:000118 T:O03065

Massachusetts Middlesex County Lowell 01854 Acre

12 Varney St, Lowell, MA

This home is located at 12 Varney St, Lowell, MA 01854 and is currently priced at $1,200,000, approximately $152 per square foot. This property was built in 1900. 12 Varney St is a home located in Middlesex County with nearby schools including Charlotte M Murkland Elementary School, Joseph McAvinnue Elementary School, and Charles W. Morey Elementary School.

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