97-99 Gates St, Lowell, MA 01851
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$799,900
3 Unit
9 Beds
3 Baths
4224 SQFT
0.00 Acre

Property Description

This is a great opportunity for investment or owner occupants. The is a large legal 3 family over 4224 sq. feet living space with a detached garage, vinyl insulated windows, and with some updated flooring, but it still need TLC. Each units features 3 bedrooms, 3 bedrooms ,2 bedrooms, and total 3 bathrooms 1 per unit. Current tenants are TENANT AT WILL . Even though current rent is below market, but It still has a great potential rental range with good returns. The property offer 8-10 off street parking and located to all amenities ; schools, shopping, LRTA, Lowell District Court; and easy access to highways route 3 and 495.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Medical Facility, Public School, Public Transportation, T-Station
  • Basement Features: Dirt Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Individual, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 60600
  • Net Operating Income: 60600

Utilities

  • Electric Info: 100 Amps, 110 Volts, Circuit Breakers, Individually Metered, On-Site, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: Lowel

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 3

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Irregular
  • Roof Material: Shingle, Slate
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73378589
  • Last Updated: 05/22/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/21/2025New$799,900$189MLSPIN

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Seller's Representative: Daniel Tan, Urban Real Estate
Sub Agent Compensation: 0
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-22 16:00:00

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