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.
Multi-familyProperty Type
1900Year Built
9,148 sq ftLot Size
$153Price/Sq.Ft.
1 garage spacesParking
Listed by Paul Brouillette• LAER Realty Partners
Bought with Paul Brouillette• LAER Realty Partners
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Middlesex County
APN
3182670
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 16, 2026.
TMF
Traditional Neighborhood Multi-Family District
Traditional Neighborhood Residential Districts are designed to preserve, promote, and enhance the pedestrian-scale character of Lowell’s historic residential neighborhoods. All three encourage moderately-sized lots and prohibit large-scale developments. The TSF district emphasizes single-family homes, the TTF district also allows two-family homes, while the TMF also allows three-family homes and up to 6-unit multi-family developments by special permit. To encourage neighborhood stability and owner-occupancy, special provisions are provided for single-family developments in the TTF and TMF zones.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Mixed use
Public service
Educational/school
Library
Museum / gallery
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 1
# of Covered Spaces: 1
Parking Spaces: 2
Parking Features: Paved Drive, Off Street, On Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 10
Interior Features
# of Rooms (Total): 27
Interior Features: Living Room, Kitchen
Exterior
Building Information
Building Area (Total): 7,862
Foundation Details: Concrete Perimeter
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Color: Brick
Exterior Features
Patio And Porch Features: Porch
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.21
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $8,345
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: N
Location Information
Directions: Thorndike St to Fletcher St to Varney St
UnparsedAddress: 12-14-16 Varney St, Lowell MA 01854
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Park, Public School, T-Station
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 9,148 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Middlesex County
APN: 3182670
Home facts updated by county records on Jul 16, 2026
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Charlotte M Murkland Elementary School
Public PreK-4 • Assigned • 0.1mi
5/10
Kathryn P. Stoklosa Middle School
Public 5-8 • Assigned • 0.2mi
7/10
Lowell High School
Public 9-12 • Assigned • 0.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Lowell, MA • 01854
Average low and high temperatures (°F)
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75
54
63
44
51
34
37
22
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Sun exposure
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