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Dracut, MA Multifamily Home for Sale

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    $875,000

    • 7 Beds
    • 4 Baths
    • 4,235 Sq Ft

    380 University Ave, Lowell, MA 01854

    The University Avenue Apartments consists of 4 units and is comprised of 1-3 bedroom units, 1-2 bedroom units and 2-1 bed units. Tenants enjoy off-street parking in a highly desirable area of Lowell located just a half a mile to UMASS North Campus. New owner has the ability to renovate the current units and increase the rents which are roughly 20% under market. All interested and qualified

    Drew Kirkland Northeast Private Client Group, LLC

    380 University Ave, Lowell, MA 01854

Why Live in Dracut

Dracut, MA, located about 30 miles north of Boston, is a small town that appeals to young families due to its community activities and affordable housing options. Residents enjoy access to several parks, including Veteran’s Memorial Park with its splash pad and playground, and Michael J. Monahan Memorial Park, which features softball fields and a skate park. The Lowell-Dracut-Tyngsborough State Forest offers hiking, hunting, and horseback riding, while Lake Mascuppic is popular for boating and fishing during the summer. The town also boasts an 18-hole golf course at Four Oaks Country Club. Dining options are varied, with family-owned Italian restaurants like Scola’s and Mama’s Italian Restaurant, and Grazie, which offers views of the golf course. Other culinary choices include Lanxang Star Restaurant for Thai and Laotian cuisine, and The Village Inn known for its hand-cut steaks. Shaw Farm provides fresh ice cream and dairy products. Dracut hosts several community events, such as Dracut Old Home Day in September and a Memorial Day parade. Housing styles range from Colonial Revival and ranch-style homes to multi-family residences and new developments, including two 55+ communities. The town's public schools are highly rated, and the University of Massachusetts Lowell is located just 2 miles south. Commuters can catch the T to Boston at the Lowell Station, 3 miles away. However, Dracut faces environmental concerns, including high snowfall, ice storms, hurricanes, and flooding risks near the Merrimack River.

Home Trends in Dracut, MA

Housing Trends

Median Sale Price
$528,000
Median Single Family Sale Price
$589,000
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$230,000
Average Price Per Sq Ft
$333
Number of Homes for Sale
36
Last 12 months Home Sales
312
Months of Supply
1.40
Median List Price
$527,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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