Investment Analysis — 15 Otis St

Lowell, MA 01852

Based on HUD Small Area Fair Market Rent, a 4-bedroom in 01852 carries an estimated $3,500/mo in gross rent — about a 5.35% cap rate and $26,749/yr in estimated NOI at the $499,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,840

Style

Single Family

Built

1940

Welcome to 15 Otis Street! This meticulously maintained 4 beds, 2-full-bath Colonial with a 1 year old roof, fairly new porch, deck and shed provides the space and convenience you have been looking for. Step inside to a spacious first floor featuring hardwood floors, a generous living room, dedicated dining area, bedroom and an eat-in kitchen with plenty of room to gather. A full bathroom and first-floor laundry add even more convenience to the layout. Upstairs, you’ll find 3 bedrooms, office space and a second full bathroom, offering flexibility for a variety of needs. Looking for even more space? The full unfinished basement provides abundant storage while the screened porch creates the perfect transition to the fenced backyard. Outside, a spacious driveway, storage shed, and generator add practical features you’ll appreciate year-round. Set along a one-way street yet conveniently located near downtown Lowell, public transportation, shopping, dining, parks, highway access, and more, this home keeps everyday essentials within easy reach. With nearly 1,850 square feet of living space, a layout that offers room to make it your own - you don't want to miss this one. Showings begin at the open house Sat(10/3) 12:30pm to 2:30pm and Sun(10/4) 12-2PM

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,840 sq ft principal dwelling). Lot size: 3,485 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.