338 Fairmount St Lowell, MA 01852
Belvidere NeighborhoodEstimated payment $4,523/month
Highlights
- Deck
- Ductless Heating Or Cooling System
- Patio
- Solid Surface Countertops
- Bathtub with Shower
- 5-minute walk to Shedd Park
About This Home
Beautifully renovated 2-unit property perfect for investors or owner-occupants. Both units feature updated bathroom with LED mirrors, upgraded vinyl flooring throughout, granite countertops, and SS appliances. New plumbing, new electrical, 100-amp panels per unit, plus a 60-amp breaker for future EV chargers. Roof is 3 years old with new windows and skylights. Unit 2 is leased at $2,950 through 6/1/26 with room to increase. First-floor TAW at $2,400 with potential increase. Heating and cooling include mini-splits upstairs and HVAC on the first floor. Off-street parking for 5–6 cars. Lead certificate in hand. Convenient highway location with strong rent roll and excellent upside. Photos taken prior to tenants moving in.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,934
Year Built
- Built in 1910
Lot Details
- 5,663 Sq Ft Lot
- Fenced
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,762 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Living Room
- Unfinished Basement
- Dirt Floor
- Washer and Dryer
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 7 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Deck
- Patio
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating and Cooling System
- Baseboard Heating
- Separate Meters
- 200+ Amp Service
- 60 Amp Service
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:236 B:2225 L:338,3196211
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $1,000
- Net Operating Income $64,200
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 | $6,934 | $604,000 | $197,100 | $406,900 |
| 2024 | $6,478 | $543,900 | $184,200 | $359,700 |
| 2023 | $6,008 | $483,700 | $160,200 | $323,500 |
| 2022 | $5,562 | $438,300 | $145,600 | $292,700 |
| 2021 | $5,157 | $383,100 | $126,700 | $256,400 |
| 2020 | $4,852 | $363,200 | $126,700 | $236,500 |
| 2019 | $4,623 | $329,300 | $126,000 | $203,300 |
| 2018 | $6,673 | $302,200 | $120,000 | $182,200 |
| 2017 | $4,143 | $277,700 | $111,300 | $166,400 |
| 2016 | $4,077 | $268,900 | $102,500 | $166,400 |
| 2015 | $3,836 | $247,800 | $102,500 | $145,300 |
| 2013 | $3,553 | $236,700 | $113,100 | $123,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/10/2025 12/10/25 | For Sale | $749,999 | +68.2% | $272 / Sq Ft | |
| 09/22/2022 09/22/22 | Sold | $446,000 | -1.8% | $161 / Sq Ft | View Prior Sale |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- | |
| 07/12/2022 07/12/22 | For Sale | $454,000 | -- | $164 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Fiduciary Deed | $446,000 | None Available | |
| Fiduciary Deed | $446,000 | None Available | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $356,800 | Purchase Money Mortgage | |
| Closed | $356,800 | Purchase Money Mortgage | |
| Previous Owner | $20,000 | No Value Available | |
| Previous Owner | $10,000 | No Value Available | |
| Previous Owner | $10,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73461302
APN: LOWE-000236-002225-000338
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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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