118 Lafayette St Lowell, MA 01854
Pawtucketville NeighborhoodEstimated payment $4,316/month
Highlights
- Medical Services
- Tennis Courts
- Living Room
- Property is near public transit
- Jogging Path
- Shops
About This Home
Tucked away on a quiet dead-end street just a short walk from the university, this 3-unit multi-family offers a prime opportunity for owner-occupants or savvy investors. The building features a well-appointed 1-bedroom unit on the top floor, a spacious 3-bedroom on the second level, and a generous 4-bedroom layout on the first floor. Additional highlights include a basement for tenant storage and a shared washer and dryer for the house. With all three units currently rented, you’ll benefit from immediate income potential. The property also offers ample parking adding convenience for residents and guests alike. Whether you choose to live in one unit and rent the others or lease all three, this is a rare chance to secure a solid investment in a desirable location. Don’t miss this exceptional opportunity to own a fully occupied, income-generating property in a prime location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,430
Year Built
- Built in 1910
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,067 Sq Ft Home
- Property has 1 Level
- Living Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number M:132 B:3440 L:118,3184704
Community Details
Amenities
- Medical Services
- Shops
Recreation
- Tennis Courts
- Jogging Path
Additional Features
- 3 Units
- Net Operating Income $54,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,430 | $647,200 | $141,700 | $505,500 |
| 2024 | $6,988 | $586,700 | $123,600 | $463,100 |
| 2023 | $6,778 | $545,700 | $102,700 | $443,000 |
| 2022 | $6,296 | $496,100 | $93,300 | $402,800 |
| 2021 | $5,462 | $405,800 | $81,200 | $324,600 |
| 2020 | $4,962 | $371,400 | $75,900 | $295,500 |
| 2019 | $4,821 | $343,400 | $70,200 | $273,200 |
| 2018 | $4,412 | $306,600 | $66,900 | $239,700 |
| 2017 | $4,121 | $276,200 | $60,800 | $215,400 |
| 2016 | $3,740 | $246,700 | $51,000 | $195,700 |
| 2015 | $3,565 | $230,300 | $52,100 | $178,200 |
| 2013 | $3,175 | $211,500 | $64,300 | $147,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 06/23/2025 06/23/25 | For Sale | $699,999 | +102.9% | $228 / Sq Ft |
| 05/16/2017 05/16/17 | Sold | $345,000 | +3.0% | $112 / Sq Ft |
| 02/21/2017 02/21/17 | Pending | -- | -- | -- |
| 02/15/2017 02/15/17 | For Sale | $335,000 | -- | $109 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $345,000 | -- | |
| Deed | $305,000 | -- | |
| Deed | $305,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $256,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $255,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $274,500 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73395142
APN: LOWE-000132-003440-000118
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