42 Albion St Lowell, MA 01850
Centralville NeighborhoodEstimated payment $3,745/month
About This Home
Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,400 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.
Co-Listing Agent
Yasira Fernandez
Access
Open House Schedule
-
Sunday, August 16, 202612:00 to 1:30 pm8/16/2026 12:00:00 PM +00:008/16/2026 1:30:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,775
Year Built
- Built in 1925
Lot Details
- 2,178 Sq Ft Lot
Home Design
- Duplex
- Stone Foundation
Interior Spaces
- 2,109 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Microwave
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Driveway
- 2 Open Parking Spaces
Community Details
- 2 Units
- Net Operating Income $52,800
Listing and Financial Details
- Assessor Parcel Number 3189421
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 | $4,775 | $415,900 | $96,500 | $319,400 |
| 2024 | $4,375 | $367,300 | $84,900 | $282,400 |
| 2023 | $4,070 | $327,700 | $73,800 | $253,900 |
| 2022 | $3,712 | $292,500 | $62,800 | $229,700 |
| 2021 | $3,443 | $255,800 | $54,600 | $201,200 |
| 2020 | $3,327 | $249,000 | $63,500 | $185,500 |
| 2019 | $3,142 | $223,800 | $56,100 | $167,700 |
| 2018 | $3,540 | $203,600 | $53,400 | $150,200 |
| 2017 | $2,769 | $185,600 | $48,500 | $137,100 |
| 2016 | $2,695 | $177,800 | $39,500 | $138,300 |
| 2015 | $2,455 | $158,600 | $37,800 | $120,800 |
| 2013 | $2,238 | $149,100 | $46,200 | $102,900 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2026 08/12/26 | For Sale | $609,000 | +17.1% | $289 / Sq Ft | |
| 01/10/2025 01/10/25 | Sold | $520,000 | -1.0% | $247 / Sq Ft | View Prior Sale |
| 12/03/2024 12/03/24 | Pending | -- | -- | -- | |
| 12/03/2024 12/03/24 | For Sale | $525,000 | 0.0% | $249 / Sq Ft | |
| 11/16/2024 11/16/24 | Pending | -- | -- | -- | |
| 10/23/2024 10/23/24 | Price Changed | $525,000 | -2.8% | $249 / Sq Ft | |
| 09/30/2024 09/30/24 | For Sale | $539,900 | +96.3% | $256 / Sq Ft | |
| 09/23/2019 09/23/19 | Sold | $275,000 | -6.8% | $130 / Sq Ft | View Prior Sale |
| 07/02/2019 07/02/19 | Pending | -- | -- | -- | |
| 06/23/2019 06/23/19 | Price Changed | $295,000 | -7.8% | $140 / Sq Ft | |
| 06/01/2019 06/01/19 | For Sale | $320,000 | -- | $152 / 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 |
|---|---|---|---|
| Quit Claim Deed | $520,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $375,000 | None Available | |
| Quit Claim Deed | $275,000 | -- | |
| Deed | $277,500 | -- | |
| Deed | $175,000 | -- | |
| Foreclosure Deed | $112,000 | -- | |
| Deed | $99,000 | -- | |
| Deed | $60,000 | -- | |
| Foreclosure Deed | $39,000 | -- | |
| Deed | $51,000 | -- | |
| Deed | $32,000 | -- |
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 |
|---|---|---|---|
| Open | $494,000 | Purchase Money Mortgage | |
| Closed | $25,000 | Second Mortgage Made To Cover Down Payment | |
| Previous Owner | $368,207 | FHA | |
| Closed | $270,019 | FHA | |
| Previous Owner | $283,009 | No Value Available | |
| Previous Owner | $26,945 | FHA | |
| Closed | $10,000 | No Value Available | |
| Previous Owner | $27,000 | No Value Available | |
| Previous Owner | $89,600 | No Value Available | |
| Previous Owner | $11,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73562555
APN: LOWE-000175-000085-000042
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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