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INVESTMENT SNAPSHOT
About this property
Contractor/Investor Special- 5,500 sq ft Victorian with river views. Gutted to the studs and approved for a 3 family with an attached ADU. This stately property offers the opportunity to blend historic character with modern redevelopment. Brand new roof, new HVAC, and updated framing already completed. Approved layouts include a one bedroom, two bedroom, and three bedroom unit, plus an ADU attached to the three bedroom unit. Large, sun filled rooms, beautiful architectural detail, and dedicated parking for each unit. Significant work completed, but project still needs finishing. Ideal for investor, contractor, or possible condo conversion. Rare chance to transform one of Lowell’s architectural gems.
Property details
| Units | 3 |
| Living area | 5,507 sqft |
| Lot size | 13,068 sqft |
| Year built | 1900 |
| Price / sqft | $254 |
| County | Middlesex |
| MLS # | 73484343 |
Listing status
| Days on market | 81 days |
| Listed on | March 9, 2026 |
Taxes & financials
| Annual property tax | $11,337 |
| Tax year | 2025 |
| Assessed value | $987,500 |
| Zoning | SSF |
| Total actual rent | $0/mo |
Building & lot
| Stories | 5 |
| Total rooms | 18 |
| Lot size | 0.3 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Off Street |
| Foundation | Granite |
| Roof | Shingle |
| Construction | Frame |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Doherty Properties — Adam Dowling. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 187 Varnum Ave, Lowell MA 01854 have?
It is a 3-unit multi-family property with 5,507 sqft of living area, built in 1900.
How long has 187 Varnum Ave, Lowell MA 01854 been on the market?
187 Varnum Ave, Lowell MA 01854 has been listed for 81 days (since March 9, 2026).
What is the estimated cap rate on this 3-family in Lowell?
Based on area median rents, the estimated cap rate is about 3.4%, with a Signal Score of 65/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,400,000 across 3 units, that works out to roughly $466,667 per unit.
What are the property taxes on 187 Varnum Ave, Lowell MA 01854?
Annual property taxes are $11,337 (2025), on an assessed value of $987,500.
What is the price per square foot?
At $1,400,000 for 5,507 sqft, that's about $254 per square foot.
Is there parking?
6 total parking spaces (off street).
Where is this property located?
187 Varnum Ave, Lowell MA 01854 is in Lowell, Middlesex County, MA 01854.
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