Seller's Agent in 2025
Paul Brouillette
Laer Realty
(978) 852-3001
11 in this area
151 Total Sales
185 Smith St Lowell, MA 01851
Lower Highlands Neighborhood
12
Beds
3
Baths
4,125
Sq Ft
2,178
Sq Ft Lot
About This Home
As of March 2025Great investment opportunity! Cap Rate 7.52%. This property features long-term tenants, each unit equipped with a stove, refrigerator and laundry room. Extensive renovations made in 2018. It’s being sold as a package deal, which includes 185-187 Smith St (3-family), 189-191 Smith St (3-family) and 193-195 Smith St (3-family) all listed on MLS. 185 -187 Smith and 193-195 Smith buildings are on registered land.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,367
Year Built
- Built in 1900
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 4,125 Sq Ft Home
- Living Room
- Range
Bedrooms and Bathrooms
- 12 Bedrooms
- 3 Full Bathrooms
Parking
- Driveway
- Open Parking
Schools
- Abraham Lincoln Elementary School
- James S. Daley Middle School
- Lowell High School
Additional Features
- Handicap Modified
- 2,178 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $6,247
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:123 B:5400 L:185,3183540
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Electric Expense $1,760
- Insurance Expense $889
- Water Sewer Expense $2,640
- Operating Expense $14,789
- Net Operating Income $60,175
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2024
Closed on
Apr 14, 2025
Sold by
185 North Re Ventures Llc
Bought by
Lee Dylan and Luna Laura
Seller's Agent
Paul Brouillette
LAER Realty Partners
Buyer's Agent
Paul Brouillette
LAER Realty Partners
List Price
$799,900
Sold Price
$783,333
Premium/Discount to List
-$16,567
-2.07%
Views
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,541
Avg. Annual Appreciation
2.11%
Original Mortgage
$626,666
Outstanding Balance
$623,471
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$174,403
Purchase Details
Listed on
Nov 10, 2024
Closed on
Mar 6, 2025
Sold by
185 N Re Ventures Llc
Bought by
Lee Dylan and Luna Lauea
Seller's Agent
Paul Brouillette
LAER Realty Partners
Buyer's Agent
Paul Brouillette
LAER Realty Partners
List Price
$799,900
Sold Price
$783,333
Premium/Discount to List
-$16,567
-2.07%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,666
Outstanding Balance
$623,471
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$174,403
Purchase Details
Closed on
Apr 8, 2019
Sold by
Brouillette Ft and Brouillette
Bought by
185 North Real Est Ventrs
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $783,333 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $626,666 | New Conventional | |
| Previous Owner | $626,666 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2025 03/06/25 | Sold | $783,333 | -2.1% | $190 / Sq Ft |
| 12/24/2024 12/24/24 | Pending | -- | -- | -- |
| 12/19/2024 12/19/24 | For Sale | $799,900 | 0.0% | $194 / Sq Ft |
| 11/25/2024 11/25/24 | Pending | -- | -- | -- |
| 11/20/2024 11/20/24 | Price Changed | $799,900 | -5.9% | $194 / Sq Ft |
| 11/10/2024 11/10/24 | For Sale | $850,000 | -- | $206 / 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 | $9,837 | $856,900 | $95,900 | $761,000 |
| 2024 | $9,367 | $786,500 | $89,600 | $696,900 |
| 2023 | $9,245 | $744,400 | $77,900 | $666,500 |
| 2022 | $7,202 | $567,500 | $61,600 | $505,900 |
| 2021 | $6,201 | $460,700 | $53,500 | $407,200 |
| 2020 | $5,665 | $424,000 | $53,500 | $370,500 |
| 2019 | $5,521 | $393,200 | $50,900 | $342,300 |
| 2018 | $4,306 | $155,900 | $48,500 | $107,400 |
| 2017 | $2,171 | $145,500 | $47,000 | $98,500 |
| 2016 | $3,917 | $258,400 | $43,700 | $214,700 |
| 2015 | $3,407 | $220,100 | $43,700 | $176,400 |
| 2013 | $2,999 | $199,800 | $52,400 | $147,400 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brouillette
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73309454
APN: LOWE-000123-005400-000185
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