31 Bourne St Lowell, MA 01852
Sacred Heart NeighborhoodEstimated payment $5,513/month
Highlights
- Medical Services
- Wood Flooring
- Living Room
- Property is near public transit and schools
- Balcony
- Park
About This Home
Well-maintained 3-unit multifamily offering in Lowell’s established South Lowell neighborhood, featuring three spacious 3BR/1BA apartments and approximately 3,900 SF of living area. Two of the three units will be delivered vacant and move-in ready at closing, offering immediate flexibility for an investor or owner-occupant to lease, occupy, or further improve. Recent capital improvements include a newer EPDM rubber roof (2022), refinished hardwood flooring, new luxury vinyl plank flooring, updated bathroom vanities, and newer appliances in the first- and second-floor units. Additional features include in-unit washer/dryer hookups, usable yard space, separately metered forced hot-air gas heating, and updated electrical service, helping minimize landlord-paid utility expenses. Additional value-add potential may exist to reconfigure existing 3BR layouts into 4BR units, subject to applicable approvals and permitting. Conveniently located near Downtown Lowell with quick access to the Lowell Connector, Route 3, I-495, LRTA service, MBTA commuter rail, shopping, dining, parks, and major employment and educational centers. A compelling opportunity combining immediate vacancy, recent improvements, efficient utilities, and long-term income-growth potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,668
Year Built
- Built in 1910
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,900 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Wood Flooring
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Balcony
- 3,920 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Legal Lot and Block 31 / 695
- Assessor Parcel Number L02740
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Operating Expense $21,696
- Net Operating Income $65,604
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,279 | $634,100 | $113,000 | $521,100 |
| 2024 | $6,839 | $574,200 | $101,900 | $472,300 |
| 2023 | $6,709 | $540,200 | $88,600 | $451,600 |
| 2022 | $6,092 | $480,100 | $69,900 | $410,200 |
| 2021 | $5,256 | $390,500 | $60,800 | $329,700 |
| 2020 | $4,683 | $350,500 | $50,700 | $299,800 |
| 2019 | $4,545 | $323,700 | $46,900 | $276,800 |
| 2018 | $4,130 | $287,000 | $44,700 | $242,300 |
| 2017 | $4,033 | $270,300 | $48,700 | $221,600 |
| 2016 | $3,788 | $249,900 | $49,000 | $200,900 |
| 2015 | $3,585 | $231,600 | $49,000 | $182,600 |
| 2013 | $3,140 | $209,200 | $56,500 | $152,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/27/2026 08/27/26 | Pending | -- | -- | -- |
| 08/19/2026 08/19/26 | For Sale | $887,500 | -- | $228 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $227,500 | -- | |
| Deed | $405,000 | -- | |
| Deed | $330,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $390,521 | No Value Available | |
| Closed | $60,750 | No Value Available | |
| Closed | $292,500 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73565786
APN: LOWE-000184-000695-000031
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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