$733,400
SOLD DEC 6, 2024
9 Beds
3 Baths
3,739 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • Property is near public transit
  • Bathtub with Shower
  • Dining Room
  • Wood Flooring
  • Living Room
  • 4-minute walk to South Common Park

About This Home

As of December 2024

Located in the heart of Lowell, Massachusetts, this Multi-Unit property is a lucrative investment opportunity. Boasting 9 bedrooms and 3 bathrooms across 3,739 square feet on a .05-acre lot, the property is ideal for an owner-occupant or savvy investor. Featuring newer water heaters for each of the three units, each offering 6 rooms that can be easily repurposed as 4 bedrooms, with approximately 1,300 square feet per unit. The property is ready for immediate occupancy on the first floor, offering great potential for rental income. Don't miss this chance to own a versatile and income-generating property in a prime location. This property is walking distance to downtown Lowell and close to major highways (Rte. 3 & Rte. 495). Do not wait to see this home!!

Last Agent to Sell the Property

Bryan Perreira

LAER Realty Partners Listed on: 10/14/2024

LAER Realty Partners

Last Buyer's Agent

Brian Quijada

EVO Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,386

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,739 Sq Ft Home
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Location

  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $1,800
  • Assessor Parcel Number M:180 B:3635 L:22

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,386

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Vinyl, Carpet, Hardwood
  • Interior Amenities: Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Unfinished
  • Living Area: 3739
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 200.56
  • PRICE PER Sq Ft: 196.15
  • MAIN SO: AN5445

Exterior Features

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

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Highway Access
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:180 B:3635 L:22
  • Zoning: UMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Size Units: Acres
  • PAGE: 0148
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6386
  • Tax Book Number: 177

Multi Family

  • Gross Income: 21600
  • Net Operating Income: 21600
  • Number Of Units Total: 3
  • Total Actual Rent: 1800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $623,390 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 Sold $733,400 -2.2% $196 / Sq Ft
10/20/2024 10/20/24 Pending -- -- --
10/14/2024 10/14/24 For Sale $749,900 -- $201 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $6,694 $583,100 $98,100 $485,000
2024 $6,386 $536,200 $88,500 $447,700
2023 $6,275 $505,200 $77,000 $428,200
2022 $5,707 $449,700 $60,700 $389,000
2021 $4,920 $365,500 $52,800 $312,700
2020 $4,387 $328,400 $44,000 $284,400
2019 $4,258 $303,300 $40,700 $262,600
2018 $3,828 $268,700 $38,800 $229,900
2017 $3,769 $252,600 $42,300 $210,300
2016 $3,537 $233,300 $42,500 $190,800
2015 $3,341 $215,800 $42,500 $173,300
2013 $2,822 $188,000 $49,100 $138,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73301825

MLS Property Information Network (MLS PIN)

APN: LOWE-180 3635 22