Christine Rocha
Residential Realty Group
(339) 210-1740
55 Total Sales
1 in Acre
$295,000 Price
12 Varney St Lowell, MA 01854
Acre Neighborhood
11
Beds
10
Baths
7,862
Sq Ft
9,148
Sq Ft Lot
Highlights
- 0.21 Acre Lot
- Porch
- Park
- Property is near public transit and schools
- Living Room
- 1 Car Garage
About This Home
As of May 2025Excellent 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.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,345
Year Built
- Built in 1900
Lot Details
- 9,148
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
Schools
- Charlotte M. El Elementary School
- Kathryn P. Stok Middle School
- Lowell High School
Additional Features
- Porch
- 9,148 Sq Ft Lot
- Property is near public transit and schools
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2025
Closed on
May 29, 2025
Sold by
Bought by
Seller's Agent
Paul Brouillette
LAER Realty Partners
Buyer's Agent
Paul Brouillette
LAER Realty Partners
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$889,737
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 8, 2019
Sold by
Bought by
Purchase Details
Closed on
Mar 12, 2003
Sold by
Bought by
Purchase Details
Closed on
Feb 14, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Acre, MA
-
Christine Rocha
-
Team Tom Truong
Team Tom Truong
eXp Realty LLC
(781) 430-4830
42 Total Sales
2 in Acre
$317K - $441K Price Range
-
Roc Noelsaint
Roc Noelsaint
Responds QuicklyReal Broker MA, LLC
(781) 645-4872
25 Total Sales
1 in Acre
$632,500 Price
-
Jucelia Oliveira
Jucelia Oliveira
Delmaschio Group Realty
(781) 670-5516
61 Total Sales
1 in Acre
$705,000 Price
-
Patricia Sutherland
Patricia Sutherland
Responds QuicklyKeller Williams Realty Boston Northwest
(351) 300-4730
94 Total Sales
1 in Acre
$317,000 Price
-
Alina Wang
Alina Wang
Coldwell Banker Realty - Lexington
(774) 458-7979
254 Total Sales
2 in Acre
$605K - $750K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,200,000 | None Available | ||
| -- | -- | ||
| -- | -- | ||
| $17,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,399 | $731,600 | $130,300 | $601,300 |
| 2024 | $8,345 | $700,700 | $121,700 | $579,000 |
| 2023 | $8,506 | $684,900 | $105,900 | $579,000 |
| 2022 | $7,477 | $589,200 | $96,200 | $493,000 |
| 2021 | $6,991 | $519,400 | $83,700 | $435,700 |
| 2020 | $6,775 | $507,100 | $71,400 | $435,700 |
| 2019 | $5,571 | $396,800 | $63,100 | $333,700 |
| 2018 | $4,823 | $374,700 | $60,100 | $314,600 |
| 2017 | $4,843 | $324,600 | $54,600 | $270,000 |
| 2016 | $4,921 | $324,600 | $54,600 | $270,000 |
| 2015 | $4,410 | $284,900 | $56,300 | $228,600 |
| 2013 | $3,685 | $245,500 | $74,800 | $170,700 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brouillette
Seller's Agent in 2025
Paul Brouillette
Laer Realty
(978) 852-3001
5 in this area
145 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73334630
APN: LOWE M:000118 T:O03065
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
Nearby Homes
- 492 Fletcher St
- 125 Mt Vernon St Unit D
- 52 Mount Washington St
- 169 Salem St
- 46 Arlington St
- 41 Mount Vernon St
- 408 Suffolk St
- 408 Suffolk St
- 255 School St Unit B
- 32 Oliver St
- 113 School St Unit 12
- 18 Phillips St
- 168 Suffolk St
- 5 Dublin St
- 1 Dublin St
- 200 Market St Unit 215
- 200 Market St Unit 3504
- 200 Market St Unit 619
- 200 Market St Unit 3513
- 200 Market St Unit 4505
- 426 Fletcher St Unit 1-4
- 426 Fletcher St Unit 1-5
- 426 Fletcher St
- 414 Fletcher St Unit B
- 414 Fletcher St Unit A
- 10 Varney St
- 438 Fletcher St
- 412 Fletcher St
- 11 Varney St
- 11 Butterfield St
- 444 Fletcher St Unit 3
- 444 Fletcher St Unit ONE
- 20 Varney St
- 20 Varney St Unit 1
- 15 Varney St Unit 1
- 15 Varney St Unit 2
- 19 - 21 Varney St
- 15 Butterfield St
- 19 Butterfield St Unit 1
- 19 Butterfield St
Your Personal Tour Guide
Ask me questions while you tour the home.