42 Albion Street, Lowell, MA 01850
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$609,000
2 Unit
5 Beds
2 Baths
2109 SQFT
0.05 Acre

Property Description

Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,670 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Dining Room, Living Room
  • Common Appliances: Disposal, Microwave, Refrigerator

Financial

  • APOD Available: No
  • Gross Operating Income: 52800
  • Net Operating Income: 52800

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

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

Construction

  • Year Built: 1925
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73562555
  • Last Updated: 08/16/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/16/2026Active$609,000$289MLSPIN
08/12/2026New$609,000$289MLSPIN
01/11/2025Sold$520,000$247MLSPIN
12/17/2024Under Agreement$525,000$249MLSPIN
12/03/2024Contingent$525,000$249MLSPIN
12/03/2024Back on Market$525,000$249MLSPIN
12/02/2024Under Agreement$525,000$249MLSPIN
11/18/2024Contingent$525,000$249MLSPIN
10/27/2024Active$525,000$249MLSPIN
10/23/2024Price Change$525,000$249MLSPIN
10/04/2024Active$539,900$256MLSPIN
09/30/2024New$539,900$256MLSPIN

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Seller's Representative: Dot Collection, Access
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 2026-08-16 10:56:00