1384-1386 Gorham St, Lowell, MA 01852
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$799,900
3 Unit
9 Beds
3 Baths
3978 SQFT
0.09 Acre

Property Description

Welcome to 1384-1386 Gorham St, a solid income-producing 3-unit property situated nicely on a corner lot on the Lowell-Chelmsford border. This oversized property features 9+ bedrooms, 3 full baths, and nearly 4,000 sq feet of living space. Each unit occupies its own floor, with front and back entrances, and separate utilities. Units 1 and 2 both have a living room, eat-in kitchen, 3+ bedrooms, and a full bath. Unit 3 on the 3rd floor is similar with 3 bedrooms. Notable feature include: stucco siding, a 1 year old roof, plumbing updates, a Letter of Full DELEADING Compliance, gas heat, a low-maintenance fenced front yard, and a full basement for storage. A great opportunity to purchase a cash-flowing multi-family with a lot to offer!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Highway Access, Park, Public School, Public Transportation, Shopping, University
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Office/Den
  • Common Interior Features: Lead Certification Available
  • Common Appliances: Dishwasher, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Oil

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 82800
  • Gross Expenses: 13500
  • Net Operating Income: 69300

Utilities

  • Utility Connections: Varies per Unit
  • 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: 1

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Wood
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73575702
  • Last Updated: 09/14/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/14/2026Active$799,900$201MLSPIN
09/10/2026New$799,900$201MLSPIN

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Seller's Representative: Katy Barry, Coldwell Banker Realty - Lowell
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 2026-09-14 03:05:00