492 Fletcher St, Lowell, MA 01854
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$649,900
2 Unit
6 Beds
2 Baths
2406 SQFT
0.05 Acre

Property Description

Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Amenities: House of Worship, Laundromat, Medical Facility, Public Transportation, University
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Pantry
  • Common Appliances: Range, Refrigerator, Vent Hood, Washer & Dryer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 52800
  • Gross Expenses: 4806
  • Water/Sewer: 2134
  • INSC: 1807
  • Net Operating Income: 52800

Utilities

  • Heat Zones: 2
  • 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

Construction

  • Year Built: 1880
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Composition Shingles, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73511911
  • Last Updated: 05/07/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/07/2026Active$649,900$270MLSPIN
05/03/2026New$649,900$270MLSPIN

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Seller's Representative: Raymond Boutin, RE/MAX Innovative Properties
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 2026-05-07 14:52:00