36-42 London St, Lowell, MA 01852
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$1,300,000
4 Unit
17 Beds
4 Baths
6691 SQFT
0.23 Acre

Property Description

GREAT INVESTMENT OPPORTUNITY - CASH COW! Newly renovated in 2020 RARE 4 and 5 bedroom units, positive cash flow, responsible tenants, each unit with separate utilities - tenants pay own utilities, Three units have 4 spacious bedrooms, and one unit has 5 spacious bedrooms, each unit has its own laundry. Plenty of storage in basement, slate roof to last 100 years, each unit gets 4 off-street parking spots in private parking lot behind property AND plenty of on-street nonpermitted parking available, granite countertops, new flooring, new cabinets, and a camera security system. 2 NEW furnaces.The attic can be finished and converted into additional rooms. Capable of being converted to townhouses if desired..Easy access to Rt495, Rt3, and Rt93, and 1 mile away from commuter rail. Convenient to university. Buyer and Buyer's agent to do own diligence, owner does not guarantee sq footage. **Owner will consider seller financing**. MUST SEE - this income property won't last!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 8
  • Total Bedrooms: 17
  • Total Full Baths: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Concrete Floor, Dirt Floor, Interior Access
  • Common Rooms: Family Room, Kitchen
  • Common Interior Features: Bathroom With Tub, Floored Attic, Internet Available - Broadband, Stone/Granite/Solid Counters, Storage, Upgraded Cabinets, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer - ENERGY STAR, Microwave, Range, Refrigerator - ENERGY STAR, Wall Oven, Washer - ENERGY STAR
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: Yes
  • Gross Operating Income: 163800
  • Net Operating Income: 163800

Utilities

  • Electric Info: 200 Amps
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 4 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Side by Side
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Flooring Type: Laminate, Wall to Wall Carpet
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73385306
  • Last Updated: 06/16/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/16/2025Active$1,300,000$194MLSPIN
06/12/2025Price Change$1,300,000$194MLSPIN
06/08/2025Active$1,150,000$172MLSPIN
06/04/2025New$1,150,000$172MLSPIN

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Seller's Representative: Christine Yoken, LAER Realty Partners
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 2025-06-16 03:05:00

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