Seller's Agent in 2025
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
3 in this area
50 Total Sales
14-16 2nd St Lowell, MA 01850
Centralville Neighborhood
12
Beds
6
Baths
5,400
Sq Ft
3,920
Sq Ft Lot
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 2025Don’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.
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
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Home Values in the Area
Average Home Value in this Area
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
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 | $11,322 | $986,200 | $179,600 | $806,600 |
| 2024 | $11,023 | $925,500 | $149,200 | $776,300 |
| 2023 | $11,253 | $906,000 | $129,700 | $776,300 |
| 2022 | $9,675 | $762,400 | $103,200 | $659,200 |
| 2021 | $9,030 | $670,900 | $89,800 | $581,100 |
| 2020 | $8,963 | $670,900 | $89,800 | $581,100 |
| 2019 | $7,294 | $519,500 | $77,200 | $442,300 |
| 2018 | $6,377 | $485,600 | $73,500 | $412,100 |
| 2017 | $6,122 | $410,300 | $61,700 | $348,600 |
| 2016 | $5,120 | $337,700 | $43,100 | $294,600 |
| 2015 | $4,525 | $292,300 | $44,400 | $247,900 |
| 2013 | $4,195 | $279,500 | $53,400 | $226,100 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Hermans
-
Suraj Tamrakar
Buyer's Agent in 2025
Suraj Tamrakar
Stuart St James, Inc.
(774) 287-6819
2 in this area
102 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73309795
APN: LOWE M:176 B:5250 L:14
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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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