1240 Gorham St, Lowell, MA 01852
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$600,000
2 Unit
6 Beds
3 Baths
2961 SQFT
0.20 Acre

Property Description

This fantastic two-family home offers the perfect blend of space, convenience, and investment potential. Situated on a large and level lot, this property provides plenty of outdoor space for parking, recreation, or entertaining. The first floor unit has a comfortable two bedroom layout with a kitchen, living room and one bathroom. The unit above spans two floors and has a total of four bedrooms and two full bathrooms. On the first floor of this unit there is a kitchen, living room, three bedrooms, and a full bathroom and on the second floor of the same unit there is a fourth bedroom, family room and another full bathroom. A detached two-car garage provides ample parking and storage, while the newly paved driveway adds extra convenience and curb appeal. Ideally located close to major highways, public transportation, and hospitals will make this a perfect option for all types of buyers.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Medical Facility, Park, Public School, Public Transportation, University
  • Basement Features: Full, Interior Access
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Tile Floor
  • Common Heating: Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 37200
  • Gross Expenses: 3500
  • Water/Sewer: 1500
  • INSC: 2000
  • Net Operating Income: 33700

Utilities

  • Heat Zones: 2
  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73341082
  • Last Updated: 03/08/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/08/2025Active$600,000$203MLSPIN
03/04/2025New$600,000$203MLSPIN

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Map

Seller's Representative: Jack Mantville, J. Borstell Real Estate, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-08 03:05:00