$1,405,000
SOLD JAN 8, 2025

14-16 2nd St Lowell, MA 01850

Centralville Neighborhood
12 Beds
6 Baths
5,400 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$260 Per Sq Ft

6% Above List Price

7 Days on Market

Highlights

  • Property is near public transit
  • Tile Flooring
  • Level Lot
  • Shops
  • Coin Laundry
  • 5-minute walk to Kerouac Park

About This Home

As of January 2025

Don’t miss this large six-family property located in a convenient location, just off of Bridge St. The property features many recent updates including an all new roof, 6 new heating systems, updated plumbing, updated electrical throughout, and a new sprinkler system installed in 2015. Comprised of all two-bedroom units, there have been various updates throughout, such as granite countertops, cabinets, updated bathrooms, and laundry hookups in the basement making them highly appealing to tenants. With tenancy-at-will agreements in place and strong rental income, this property will be a reliable investment for years to come.

Last Agent to Sell the Property

Patrick Hermans

J. Borstell Real Estate, Inc. Listed on: 11/05/2024

Last Buyer's Agent

Suraj Tamrakar

Stuart St James, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,023

Year Built

  • Built in 1880

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 5,400 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Electric Dryer Hookup

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • Property is near public transit
  • 6 Heating Zones

Listing and Financial Details

  • Total Actual Rent $11,120
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Building Details

  • Electric Expense $240
  • Insurance Expense $6,500
  • Water Sewer Expense $2,000
  • Operating Expense $12,340
  • Net Operating Income $100,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,023

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1880
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Tile, Vinyl, Laminate
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full
  • Living Area: 5400
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: G80038
  • LIST PRICE PER Sq Ft: 245.37
  • PRICE PER Sq Ft: 260.19
  • MAIN SO: AN7892

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2000

Lot Info

  • Zoning: TMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • PAGE: 219
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11023
  • Tax Book Number: 29548

Multi Family

  • Electric Expense: 240
  • Gross Income: 133440
  • Insurance Expense: 6500
  • Net Operating Income: 100700
  • Number Of Units Total: 6
  • Operating Expense: 12340
  • Total Actual Rent: 11120
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2025 01/08/25 Sold $1,405,000 +6.0% $260 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $1,325,000 -- $245 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Hermans

    Seller's Agent in 2025

    Patrick Hermans

    J. Borstell Real Estate, Inc.

    (978) 580-7157

    3 in this area

    52 Total Sales

    Patrick Hermans
    Section Image
  • Suraj Tamrakar

    Buyer's Agent in 2025

    Suraj Tamrakar

    Stuart St James, Inc.

    (774) 287-6819

    2 in this area

    100 Total Sales

    Suraj Tamrakar
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73309795

MLS Property Information Network (MLS PIN)

APN: LOWE M:176 B:5250 L:14

Massachusetts Middlesex County Lowell 01850 Centralville

14-16 2nd St, Lowell, MA

This home is located at 14-16 2nd St, Lowell, MA 01850 and is currently priced at $1,405,000, approximately $260 per square foot. This property was built in 1880. 14-16 2nd St is a home located in Middlesex County with nearby schools including Greenhalge Elementary School, S. Christa McAuliffe Elementary School, and Moody Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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