Seller's Agent in 2023
Jack Mantville
J. Borstell Real Estate, Inc.
(978) 490-0212
2 in this area
23 Total Sales
15 Austin St Lowell, MA 01854
Acre Neighborhood
10
Beds
8
Baths
5,581
Sq Ft
4,861
Sq Ft Lot Lot
Highlights
- Granite Flooring
- Corner Lot
- Heating Available
- Property is near public transit and schools
About This Home
As of August 2023Great opportunity to purchase a large income producing 8 unit in the heart of Lowell. Located on a side street just steps away from UML's east campus/Tsongas Center and multiple options for nearby public transportation. This property is comprised of seven 1 bed units with coin-op laundry and one 3 bed townhouse style unit with in-unit laundry. Other features include 2 off-street parking space, potential to raise rents and generate more cashflow. Impeccable location, low expenses and great ROI will make this a perfect addition to any investor's portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,661
Year Built
- Built in 1900 | Remodeled
Lot Details
- 4,861 Sq Ft Lot
- Corner Lot
Home Design
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,581 Sq Ft Home
- Unfinished Basement
- Block Basement Construction
- Washer
Flooring
- Wood
- Laminate
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Open Parking
- Off-Street Parking
Additional Features
- Property is near public transit and schools
- Heating Available
Listing and Financial Details
- Total Actual Rent $11,175
- Rent includes unit 1(heat gas), unit 2(heat gas hot water), unit 3(heat gas hot water), unit 4(heat gas hot water)
- Assessor Parcel Number M:137 B:300 L:15,3185145
Community Details
Overview
- 8 Units
- Property has 2 Levels
Building Details
- Electric Expense $1,500
- Insurance Expense $4,800
- Water Sewer Expense $3,000
- Operating Expense $17,800
- Net Operating Income $116,300
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2023 08/22/23 | Sold | $1,245,000 | -4.2% | $223 / Sq Ft |
| 06/30/2023 06/30/23 | Pending | -- | -- | -- |
| 05/25/2023 05/25/23 | Price Changed | $1,299,999 | -3.6% | $233 / Sq Ft |
| 05/20/2023 05/20/23 | For Sale | $1,349,000 | 0.0% | $242 / Sq Ft |
| 05/10/2023 05/10/23 | Pending | -- | -- | -- |
| 05/02/2023 05/02/23 | For Sale | $1,349,000 | -- | $242 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $12,419 | $1,081,800 | $98,300 | $983,500 |
| 2024 | $8,532 | $716,400 | $85,300 | $631,100 |
| 2023 | $8,760 | $705,300 | $74,200 | $631,100 |
| 2022 | $7,661 | $603,700 | $67,400 | $536,300 |
| 2021 | $7,157 | $531,700 | $58,600 | $473,100 |
| 2020 | $7,019 | $525,400 | $52,300 | $473,100 |
| 2019 | $5,745 | $409,200 | $48,400 | $360,800 |
| 2018 | $4,956 | $385,900 | $46,100 | $339,800 |
| 2017 | $4,961 | $332,500 | $41,900 | $290,600 |
| 2016 | $4,980 | $328,500 | $37,900 | $290,600 |
| 2015 | $4,379 | $282,900 | $37,900 | $245,000 |
| 2013 | $3,623 | $241,400 | $52,400 | $189,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Mantville
-
Patrick Hermans
Seller Co-Listing Agent in 2023
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
1 in this area
48 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73106035
APN: LOWE M:137 B:300 L:15
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.
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.
Nearby Homes
- 129 Cabot St
- 169 Salem St
- 492 Fletcher St
- 34 Willie St
- 11 W Bowers St Unit 3
- 217 Cross St
- 113 School St Unit 12
- 200 Market St Unit 3101
- 200 Market St Unit 3504
- 200 Market St Unit 619
- 200 Market St Unit 3513
- 200 Market St Unit 3211
- 200 Market St Unit 306
- 200 Market St Unit 115
- 200 Market St Unit 217
- 200 Market St Unit 3412
- 255 School St Unit B
- 256 Market St Unit 3203
- 516 Lakeview Ave
- 61 Market St Unit 2B
- 29 Austin St Unit 29
- 29 Austin St
- 707 Merrimack St
- 725 Merrimack St
- 725 Merrimack St Unit 102
- xxxx Merrimack St
- 681 Merrimack St
- 696 Merrimack St
- 700 Merrimack St
- 694 Merrimack St
- 741 Merrimack St
- 411 Moody St
- 682 Merrimack St
- 407 Moody St
- 409 Moody St Unit 1
- 26 Cabot St Unit 1
- 26 Cabot St Unit 2
- 26 Cabot St
- 22 Cabot St
- 104 Cabot St
Your Personal Tour Guide
Ask me questions while you tour the home.