136-138 Gershom Ave, Lowell, MA 01854
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$849,900
2 Unit
10 Beds
3 Baths
2990 SQFT
0.10 Acre

Property Description

Beautifully Updated 2-Family in Prime Location! Just a short walk to UMass Lowell and in close proximity to Lowell General Hospital, this property offers a fantastic investment opportunity with strong and steady rental income. Both units have seen numerous updates, making this a fantastic opportunity to secure a home that generates income or offers flexible living arrangements. Don’t miss your chance to own in this desirable area! Updates include, but are not limited to, new flooring, painted exterior, kitchen upgrades, basement waterproofing and interior foundation work, electrical updates, and new heat pump and air conditioning systems—with over $56K in recent improvements. Please see firm remarks OPEN HOUSE Saturday 4/19 10:30am-12pm and Sunday 4/20 10:30am-12pm

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 10
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Private School, Public School, Public Transportation, Shopping, University
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Office/Den
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 91200
  • Net Operating Income: 91200

Utilities

  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Flooring Type: Laminate
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73361330
  • Last Updated: 04/18/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/18/2025New$849,900$284MLSPIN
08/15/2023Sold$720,000$241MLSPIN
06/28/2023Under Agreement$699,900$234MLSPIN
06/26/2023Active$699,900$234MLSPIN
06/22/2023New$699,900$234MLSPIN

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Seller's Representative: Naina Sova-Sicard, Silver Key Homes Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-18 22:41:00