$750,000
OPEN SUN 11AM - 1PM

Estimated payment $4,878/month

Total Views 2,208
7 Beds
3.5 Baths
3,872 Sq Ft
$194 Price per Sq Ft

Highlights

  • Very Popular Property
  • Property is near public transit
  • Living Room
  • Medical Services
  • Home Office
  • Shops

About This Home

Located in South Lowell, this spacious 3-family home offers an excellent investment or owner-occupant opportunity. The property features three levels with one 3-bedroom unit and two 2-bedroom units. Two units have been tastefully updated, while the third awaits your cosmetic touches. The 3 bedroom unit has two extra bonus rooms/dens with no closets. Newer heating systems and hot water tanks add value and efficiency. Enjoy ample off-street parking, a one-car detached garage, and a convenient location just minutes from the T Station, Lowell Connector, Route 3, and I-495. A solid property with strong potential in a prime commuter location. Property is currently fully rented with TAW tenants. Comprised of two lots on one deed 21 Bourne St & 27-29 Bourne St.

Listing Agent

Team Correia

Keller Williams Realty - Merrimack Listed on: 05/28/2025

Keller Williams Realty - Merrimack

Co-Listing Agent

Kevin Correia

Keller Williams Realty - Merrimack

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,150

Year Built

  • Built in 1910

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,872 Sq Ft Home
  • Living Room
  • Home Office

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • 3,920 Sq Ft Lot
  • 3 Heating Zones

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:184 B:695 L:27,3191065

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,150

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1910
  • Levels: 5
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: OpenHouse
  • Stories: 5

Interior Features

  • Interior Amenities: Living Room, Kitchen, Office/Den, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bathrooms: 3.5
  • Basement: Full, Interior Entry, Unfinished
  • Above Grade Finished Sq Ft: 3872
  • Living Area: 3872
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: G95166
  • LIST PRICE PER Sq Ft: 193.7
  • PRICE PER Sq Ft: 193.7

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:184 B:695 L:27,3191065
  • Zoning: TTF
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • PAGE: 186
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 8150
  • Tax Book Number: 36366

Multi Family

  • Gross Income: 67200
  • Net Operating Income: 67200
  • Number Of Units Total: 3
  • Total Actual Rent: 5600
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,150 $709,900 $113,000 $596,900
2024 $7,721 $648,300 $101,900 $546,400
2023 $7,590 $611,100 $88,600 $522,500
2022 $6,911 $544,600 $69,900 $474,700
2021 $5,957 $442,600 $60,800 $381,800
2020 $5,317 $398,000 $50,700 $347,300
2019 $5,161 $367,600 $46,900 $320,700
2018 $4,634 $325,600 $44,700 $280,900
2017 $4,561 $305,700 $48,700 $257,000
2016 $4,277 $282,100 $49,000 $233,100
2015 $4,037 $260,800 $49,000 $211,800
2013 $3,208 $213,700 $56,500 $157,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $750,000 +38.9% $194 / Sq Ft
10/12/2021 10/12/21 Sold $540,000 -3.6% $139 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $560,000 -- $145 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Not Resolvable $540,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Foreclosure Deed $145,000 --
Foreclosure Deed $145,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 Commercial
Closed $405,000 Commercial
Previous Owner $6,074,469 Stand Alone Refi Refinance Of Original Loan
Previous Owner $300,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $2,792,499 Stand Alone Refi Refinance Of Original Loan
Previous Owner $669,550 Purchase Money Mortgage
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73381005

MLS Property Information Network (MLS PIN)

APN: LOWE-000184-000695-000027