317 Nesmith St Lowell, MA 01852
Belvidere NeighborhoodEstimated payment $6,054/month
Highlights
- Property is near public transit
- Shops
- 3-minute walk to Rogers Fort Hill Park
About This Home
Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,348
Year Built
- Built in 1920
Lot Details
- 2,613 Sq Ft Lot
- Sloped Lot
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 3,131 Sq Ft Home
- Partial Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Full Bathrooms
Additional Features
- Property is near public transit
- 5 Heating Zones
Listing and Financial Details
- Assessor Parcel Number 3194892
Community Details
Overview
- 5 Units
- Property has 1 Level
Additional Features
- Shops
- Net Operating Income $112,200
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,767 | $589,500 | $159,800 | $429,700 |
| 2024 | $6,705 | $563,000 | $149,400 | $413,600 |
| 2023 | $6,750 | $543,500 | $129,900 | $413,600 |
| 2022 | $5,959 | $469,600 | $118,100 | $351,500 |
| 2021 | $5,558 | $412,900 | $102,700 | $310,200 |
| 2020 | $5,516 | $412,900 | $102,700 | $310,200 |
| 2019 | $4,755 | $338,700 | $102,100 | $236,600 |
| 2018 | $4,202 | $320,100 | $97,300 | $222,800 |
| 2017 | $4,191 | $280,900 | $90,200 | $190,700 |
| 2016 | $4,149 | $273,700 | $83,000 | $190,700 |
| 2015 | $3,774 | $243,800 | $83,000 | $160,800 |
| 2013 | $3,371 | $224,600 | $91,700 | $132,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $995,000 | -5.1% | $318 / Sq Ft | |
| 03/10/2026 03/10/26 | For Sale | $1,049,000 | +30.3% | $335 / Sq Ft | |
| 06/30/2023 06/30/23 | Sold | $805,000 | +0.6% | $257 / Sq Ft | View Prior Sale |
| 06/04/2023 06/04/23 | Off Market | $799,900 | -- | -- | |
| 05/19/2023 05/19/23 | Pending | -- | -- | -- | |
| 05/15/2023 05/15/23 | For Sale | $799,900 | -- | $255 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73484860
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