Seller's Agent in 2025
Paul Brouillette
Laer Realty
(978) 852-3001
12 in this area
151 Total Sales
171 Powell St Lowell, MA 01851
Lower Highlands Neighborhood
--
Bed
4
Baths
3,353
Sq Ft
3,920
Sq Ft Lot
Highlights
- Property is near public transit
- Living Room
- Shops
- Corner Lot
About This Home
As of April 2025Excellent investment or owner-occupied opportunity! This 4-unit property offers a strong Investor Cap Rate of 8.34%. Conveniently located near restaurants and shopping, within walking distance to a pharmacy, and offering easy access to highways. Just 1 mile from the Lowell MBTA station. 2 furnaces in cellar for 1st fl and 2 furnaces in the attic for 2nd fl. Includes 4 off-street parking spaces. Property has been managed by same Company for over 60 years. Low turnover, long term tenants. Some Section 8 Leases in place.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,292
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Corner Lot
Interior Spaces
- 4 Full Bathrooms
- 3,353 Sq Ft Home
- Living Room
- Range
Laundry
- Dryer
- Washer
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
Schools
- Ab. Lincoln Ele Elementary School
- James S. Daley Middle School
- Lowell High School
Listing and Financial Details
- Total Actual Rent $6,400
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Legal Lot and Block 171 / 4745
- Assessor Parcel Number M:124 B:4745 L:171,3183818
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Shops
Building Details
- Electric Expense $642
- Insurance Expense $341
- Water Sewer Expense $2,289
- Operating Expense $14,242
- Net Operating Income $62,559
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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 |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Sold | $700,000 | -6.7% | $209 / Sq Ft |
| 03/07/2025 03/07/25 | Pending | -- | -- | -- |
| 02/19/2025 02/19/25 | For Sale | $750,000 | -- | $224 / 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 | $6,339 | $552,200 | $111,300 | $440,900 |
| 2024 | $6,292 | $528,300 | $104,000 | $424,300 |
| 2023 | $6,393 | $514,700 | $90,400 | $424,300 |
| 2022 | $5,477 | $431,600 | $71,400 | $360,200 |
| 2021 | $5,109 | $379,600 | $62,100 | $317,500 |
| 2020 | $5,071 | $379,600 | $62,100 | $317,500 |
| 2019 | $4,222 | $300,700 | $59,100 | $241,600 |
| 2018 | $3,712 | $283,700 | $56,300 | $227,400 |
| 2017 | $3,712 | $248,800 | $54,600 | $194,200 |
| 2016 | $3,713 | $244,900 | $50,700 | $194,200 |
| 2015 | $3,050 | $197,000 | $50,700 | $146,300 |
| 2013 | $2,915 | $194,200 | $60,800 | $133,400 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brouillette
-
Marcos Doliver
Buyer's Agent in 2025
Marcos Doliver
Prime Choice Real Estate
(781) 395-5555
6 in this area
80 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73334575
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