NOT LISTED FOR SALE

40 Riverside St Lowell, MA 01854

Pawtucketville Neighborhood
7 Beds
4 Baths
3,264 Sq Ft
4,887 Sq Ft Lot

Last Sold July 10, 2023

Last sale price $791,000 $242 Per Sq Ft

8 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Balcony
  • Waterfront
  • Wood Flooring
  • Laundry Room

About This Home

As of July 2023

This is the one you've been looking for! Fantastic opportunity for Owner Occupied or Investors to own this Multi-family home.Three units are vacant and one unit has a long term tenant at will. First floor consists of 3 units - a studio and two 1 bedroom apartments. The forth apartment is on the second floor which stretches front to back with four bedrooms and two balconies. Two sets of stairs will take you to the unfinished third floor, which has endless possibilities. This home is walking distance to UMass Lowell, centrally located to Lowell General Hospital, The Downtown area and the scenic Riverwalk. Don't miss your chance to own this solid investment property!

Last Agent to Sell the Property

Patricia Magalhaes

Settlers Realty Group, LLC Listed on: 05/17/2023

Last Buyer's Agent

James Garcia

Coldwell Banker Realty - Waltham License #449587954

Coldwell Banker Realty - Waltham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,983

Year Built

  • Built in 1880

Lot Details

  • 4,887 Sq Ft Lot
  • Waterfront
  • Fenced
  • Irregular Lot

Home Design

  • 3,264 Sq Ft Home
  • Shingle Roof
  • Stone

Kitchen

  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 5 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Balcony

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lowell High School

Utilities

  • No Cooling
  • 4 Heating Zones
  • Heating Available
  • Separate Meters
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,200
  • Legal Lot and Block 40 / 4980

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Building Details

  • Net Operating Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,983

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1880
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood,Laminate
  • Interior Amenities: Unit 3(Studio), Unit 2 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Dishwasher,Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Laundry Room
  • Basement: Full, Bulkhead, Concrete, Unfinished
  • Living Area: 3264
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN5193
  • LIST PRICE PER Sq Ft: 223.62
  • PRICE PER Sq Ft: 242.34
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Stone
  • Fencing: Fenced/Enclosed
  • Foundation Details: Irregular
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Waterfront, River
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Hot Water Baseboard,Gas,Individual)
  • Cooling Y N: No
  • Electric: 110 Volts, Common, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School, University
  • Senior Community YN: No

Lot Info

  • Zoning: TMF
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4887
  • Lot Size Units: Acres
  • PAGE: 51
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6983
  • Tax Block: 4980
  • Tax Book Number: 36745
  • Tax Lot: 40
  • Tax Map Number: 98

Multi Family

  • Gross Income: 14400
  • Net Operating Income: 14400
  • Number Of Units Total: 4
  • Total Actual Rent: 1200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 2
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 1

MLS Schools

  • High School: Lowell High

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $791,000 +8.4% $242 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $729,900 +8.9% $224 / Sq Ft
01/21/2022 01/21/22 Sold $670,000 +11.7% $205 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $599,900 +15.4% $184 / Sq Ft
05/31/2018 05/31/18 Sold $520,000 -1.9% $159 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
03/30/2018 03/30/18 For Sale $529,900 -- $162 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patricia Magalhaes

    Seller's Agent in 2023

    Patricia Magalhaes

    Settlers Realty Group, LLC

    (617) 257-3656

    2 in this area

    32 Total Sales

    Patricia Magalhaes
    Section Image

  • J

    Buyer's Agent in 2023

    James Garcia

    Coldwell Banker Realty - Waltham

    Section Image
  • Deborah Burke

    Seller's Agent in 2022

    Deborah Burke

    Compass

    (978) 930-4621

    1 in this area

    34 Total Sales

    Deborah Burke
    Section Image
  • Timothy Shanahan

    Seller's Agent in 2018

    Timothy Shanahan

    Merrimack Realty Group, Chelmsford

    (978) 423-6403

    43 Total Sales

    Timothy Shanahan
    Section Image
  • Tracy Boehme

    Buyer's Agent in 2018

    Tracy Boehme

    Keller Williams Realty Boston Northwest

    (857) 228-3894

    105 Total Sales

    Tracy Boehme
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73112925

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Lowell 01854 Pawtucketville

40 Riverside St, Lowell, MA

This home is located at 40 Riverside St, Lowell, MA 01854 since 17 May 2023. This property was built in 1880. 40 Riverside St is a home located in Middlesex County with nearby schools including Joseph McAvinnue Elementary School, Charlotte M. Murkland Elementary School, and Charles W. Morey Elementary School.

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.

MLS Property Information Network (MLS PIN) 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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