This Property is No Longer Available
338 Fairmount St, Lowell, MA 01852
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$749,999
2 Unit
7 Beds
2 Baths
2762 SQFT
0.13 Acre

Property Description

Beautifully renovated 2-unit property perfect for investors or owner-occupants. Both units feature updated bathroom with LED mirrors, upgraded vinyl flooring throughout, granite countertops, and SS appliances. New plumbing, new electrical, 100-amp panels per unit, plus a 60-amp breaker for future EV chargers. Roof is 3 years old with new windows and skylights. Unit 2 is leased at $2,950 through 6/1/26 with room to increase. First-floor TAW at $2,400 with potential increase. Heating and cooling include mini-splits upstairs and HVAC on the first floor. Off-street parking for 5–6 cars. Lead certificate in hand. Convenient highway location with strong rent roll and excellent upside. Photos taken prior to tenants moving in.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 2
  • Basement Features: Dirt Floor, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Programmable Thermostat, Stone/Granite/Solid Counters, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer / Dryer Combo
  • Common Heating: Ductless Mini-Split System, Forced Air, Gas, Hot Air Gravity, Hot Water Baseboard, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Not Available, Owner Provided
  • Gross Operating Income: 64200
  • Gross Expenses: 1000
  • Repairs & Maintenance: 1000
  • Net Operating Income: 64200

Utilities

  • Electric Info: 200 Amps, 60 Amps/Less, Circuit Breakers, Individually Metered, None, Underground
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1910
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73461302
  • Last Updated: 12/15/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/15/2025Canceled$749,999$272MLSPIN
12/14/2025Active$749,999$272MLSPIN
12/10/2025New$749,999$272MLSPIN

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Seller's Representative: Prestige Homes Realty Team, Prestige Homes 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 2025-12-15 14:37:00

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