$950,000

2 Sutherland St Lowell, MA 01850

Centralville Neighborhood

Estimated payment $5,539/month

Total Views 53,103
5 Beds
5 Baths
3,518 Sq Ft
$270 Price per Sq Ft

Highlights

  • Medical Services
  • Corner Lot
  • Park
  • Property is near public transit
  • Living Room
  • 5-minute walk to McPherson Park

About This Home

Multifamily Gem with Big Upside!! Well-maintained 5-unit multifamily home featuring five spacious 1-bedroom, 1-bath apartments. Each unit offers a comfortable layout with living room, kitchen with dining area, bedroom, and bath. Property is clean, well-kept, and reflects pride of ownership. Off street parking for 6+ cars. Letter of Lead Compliance on file. Current rents are below market value, providing immediate upside potential for investors. This property’s turnkey condition minimizes upfront costs. Lowell’s rental market continues to show high demand, driven by its proximity to Boston, thriving local economy, and growing student population. Perfect for new and seasoned investors and/or owner occupied.

Listing Agent

John Lynch

Keller Williams Realty - Merrimack Listed on: 11/13/2025

Keller Williams Realty - Merrimack

Co-Listing Agent

Kelly Espinola

Keller Williams Realty-Merrimack

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,916

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 3,518 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 6 Car Parking Spaces
  • Driveway
  • 6 Open Parking Spaces

Additional Features

  • Bulkhead
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 3188493

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Electric Expense $310
  • Insurance Expense $5,859
  • Water Sewer Expense $1,854
  • Operating Expense $22,784
  • Net Operating Income $61,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,916

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1920
  • Levels: 6
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Laundry Room, Living Room, Kitchen
  • Fireplace YN: No
  • Total Bedrooms: 5
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full, Bulkhead, Concrete
  • Above Grade Finished Sq Ft: 3518
  • Living Area: 3518
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: G95166

Exterior Features

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

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 6
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Fuses, Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1854

Lot Info

  • Parcel Number: 3188493
  • Zoning: TTF
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6916

Multi Family

  • Electric Expense: 310
  • Insurance Expense: 5859
  • Net Operating Income: 61516
  • Number Of Units Total: 5
  • Operating Expense: 22784
  • Total Actual Rent: 2675
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 3

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
11/13/2025 11/13/25 For Sale $950,000 -- $270 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

About the Listing Agent

John Lynch
John Lynch

Keller Williams Realty - Merrimack

(351) 529-8058

Section Image

I'm an expert real estate agent with Keller Williams Realty - Merrimack Valley in Lowell, MA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. It's all about honesty, integrity and hard work! Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.

View John's Profile

John's Other Listings

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    • 2 Beds
    • 1.5 Baths
    • 1,323 Sq Ft
    • 234 Nesmith St
    • Unit 15
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    Don’t miss this rare opportunity to own one of the largest units in the highly sought-after Nesmith Condominium complex! Pull into the garage and take the elevator to the second floor where your unit is just steps away. This garden-style condo offers a spacious layout with over 1300 sq ft. Upon entering you'll notice the open concept kitchen, dining area and living room. The main bedroom is large

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  • 305 Pine St Unit 13, Lowell, MA 01851

    $295,000 Sold Sep 30, 2025

    • 2 Beds
    • 1 Bath
    • 732 Sq Ft
    • 305 Pine St
    • Unit 13
    • Lowell, MA

    This well-maintained 2-bedroom condo located in the desirable Upper Highlands. The complex and unit showcase pride of ownership throughout. The spacious, sun-filled unit features gleaming hardwood floors and an upgraded kitchen with granite countertops, gas stove, recessed lighting and plenty of cabinet space. Enjoy the convenience of an elevator in the building, extra storage in the basement,

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  • 19 Doane St Unit 1, Lowell, MA 01851

    $343,000 Sold Jul 02, 2025

    • 2 Beds
    • 1.5 Baths
    • 988 Sq Ft
    • 19 Doane St
    • Unit 1
    • Lowell, MA

    Charming End Unit Townhouse with Modern Upgrades and Prime Location! Welcome to this well maintained 2-bedroom, 1.5-bath end unit townhouse. This home offers a spacious and bright layout featuring hardwood floors throughout the first floor, and a tastefully upgraded kitchen with recessed lighting, appliances including a refrigerator, dishwasher, and microwave. Step outside from the kitchen onto

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  • 14 Sycamore St, Chelmsford, MA 01824

    $773,850 Sold Apr 30, 2025

    • 3 Beds
    • 2 Baths
    • 1,980 Sq Ft
    • 14 Sycamore St
    • Chelmsford, MA

    This beautifully maintained home offers 7 spacious rooms, including 2 full tiled bathrooms, and is situated in a highly sought-after neighborhood. Step into a bright and inviting foyer that seamlessly flows into an open-concept dining area, kitchen, and sunken family/living room—perfect for entertaining. Gorgeous hardwood floors run throughout, enhancing the home's warmth and elegance. Enjoy

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73454640

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Lowell 01850 Centralville

2 Sutherland St, Lowell, MA

For Sale

MultiFamily

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John Lynch
John Lynch
Listing Agent Section Image
Keller Williams Realty - Merrimack
(351) 529-8058