Property Description

Great househacking opportunity in the heart of Lowell, MA! This three family property will be delivered with one unit vacant - rent it to your choice of tenants or occupy it yourself while the other units off-set your living expenses. The first floor unit has 4 bedrooms and is currently well below fair market rent at $2300. (2025 HUD FMR is $2,972) The second floor unit is 2 beds, 1 bath at $1950 (FMR is $2242). The third floor owner's unit is renovated throughout & features a modern kitchen, 2 bedrooms & 1 bath with a private balcony area to enjoy some fresh air. Off-street parking for 6 cars in a private, paved lot is a rare treat in the city. There is also shared coin-op laundry on the first floor and NEW water heaters! Don't miss your chance to own a solid investment with plenty of value-add opportunity! Buyer/buyer's agent to do own due diligence. List agent has a vested interest.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Lead Certification Available, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: Yes
  • Gross Operating Income: 74400
  • Gross Expenses: 14269
  • Electric Expenses: 3968
  • Water/Sewer: 1467
  • INSC: 4169
  • Repairs & Maintenance: 4000
  • RFS: 665
  • Net Operating Income: 60131

Utilities

  • Electric Info: Individually Metered
  • Energy Features: Storm Doors
  • Utility Connections: for Electric Dryer, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73366274
  • Last Updated: 05/05/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/05/2025Contingent$844,999$232MLSPIN
05/03/2025Active$844,999$232MLSPIN
04/29/2025New$844,999$232MLSPIN

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Seller's Representative: Candor Realty Group, Four Points Real Estate, LLC
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 2025-05-05 12:34:00

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