This Property is No Longer Available
98 School St, Lowell, MA 01854
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$949,997
4 Unit
10 Beds
4 Baths
3232 SQFT
0.14 Acre

Property Description

Well-located 4-family property in Lowell’s high-demand School Street corridor, minutes to UMass Lowell (South Campus), downtown, shopping, restaurants, and the commuter rail. This 2-story building offers 4 units, 20 total rooms, 10 bedrooms, and 4 full baths. All units feature separate gas and electric utilities, with gas-fired water heaters, keeping operating expenses efficient. Excellent parking with a total of 8 spaces, including one permitted space in front of the property. Strong fundamentals, high rental demand, and a prime location make this an ideal opportunity for investors seeking long-term appreciation and income growth. A solid asset to add to or anchor any multifamily portfolio. All units are DELEADED!!! Offer deadline 1/20 at 5pm. Seller reserves the right to accept an offer before deadline.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Amenities: Highway Access, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Swimming Pool, University
  • Common Appliances: Dryer, Microwave, Range, Refrigerator, Vent Hood, Washer, Washer & Dryer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 106200
  • Net Operating Income: 102600

Utilities

  • 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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1870
  • Type: 4 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73468875
  • Last Updated: 02/04/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/04/2026Under Agreement$949,997$294MLSPIN
01/21/2026Contingent$949,997$294MLSPIN
01/19/2026Active$949,997$294MLSPIN
01/15/2026Extended$949,997$294MLSPIN

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Seller's Representative: MG Group, Century 21 North East
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 2026-02-04 03:05:00

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