Active
6 Days on market
34 Neofotistos Cir Dracut — Photo 1 of 21

34 Neofotistos Cir Dracut — Photo 1 of 21

$699,000

34 Neofotistos Cir, Dracut, MA 01826

Dracut, MA 01826

Beds

6

Baths

2

SqFt

2,100

Style

2 Family - 2 Units Side by Side

Built

1963

Rare opportunity to acquire a side-by-side duplex in a desirable cul-de-sac location near UMass Lowell’s North Campus. This well-positioned two-family property offers approximately 2,100 square feet of living area, with two similar and spacious units. Each unit features 5 rooms, including 3 bedrooms, 1 full bathroom, a private entrance, basement space and separate washer/dryer hookups. The side-by-side configuration provides greater privacy than a traditional up-and-down two-family home and offers flexibility for investors, owner-occupants or buyers seeking a multigenerational living arrangement.Both units are currently occupied, providing immediate rental income. Existing rents are below current market levels, offering potential for future income growth subject to the existing tenancies, applicable laws and buyer due diligence. Tenants pay their own gas heat and electricity, helping limit owner-paid operating expenses.Additional features include ample off-street parking, a generous level yard and separate living arrangements for each household. The property’s location near UMass Lowell creates strong long-term rental appeal. Convenient access to public transportation, shopping, restaurants, downtown Lowell, local employment centers and major commuter routes adds to its investment value.Whether you are an experienced investor looking to expand your rental portfolio or an owner-occupant interested in building equity while collecting income from the second unit, this property offers an attractive combination of space, location, established tenancy and future rental potential. Buyer and buyer’s agent to perform their own due diligence regarding rents, leases, expenses and future rental opportunities.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$333/sqft
Local Avg (Dracut)$331/sqft
1% AboveMarket Average

* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Dracut, MA.

Property Details

Financials

Original Price$699,000
Annual Taxes$5,539

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms12
FireplacesNone
Flooring--
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningR3

Property & Lot

Acres0.35
SqFt Lot15,167
Lot Features--

Geography

Population

32,629

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$114K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

20.2%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Apurva Patel

Listing Office: Bostonville Realty

MLS® Number: 73571886

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