Seller's Agent in 2025
Paul Brouillette
Laer Realty
(978) 852-3001
5 in this area
156 Total Sales
426 Fletcher St Lowell, MA 01854
Acre Neighborhood
14
Beds
5.5
Baths
3,368
Sq Ft
6,534
Sq Ft Lot
Highlights
- Property is near public transit
- Park
- Shops
- Corner Lot
About This Home
As of May 2025Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. Sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,987
Year Built
- Built in 1870
Lot Details
- 6,534 Sq Ft Lot
- Corner Lot
Parking
- 4 Car Parking Spaces
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 3,368 Sq Ft Home
- Property has 1 Level
- Range
Bedrooms and Bathrooms
- 14 Bedrooms
Laundry
- Dryer
- Washer
Location
- Property is near public transit
- Property is near schools
Schools
- Charlotte M. Elementary School
- Kathryn P. Stok Middle School
- Lowell High School
Listing and Financial Details
- Total Actual Rent $8,900
- Rent includes unit 1(heat electric gas water hot water), unit 2(heat electric gas water hot water), unit 3(heat electric gas water hot water), unit 4(heat electric gas water hot water)
- Legal Lot and Block 426 / 2340
- Assessor Parcel Number M:118 B:2340 L:426,3182635
Community Details
Recreation
- Park
Building Details
- Electric Expense $6,978
- Insurance Expense $1,056
- Water Sewer Expense $7,029
- Operating Expense $26,974
- Net Operating Income $97,826
Additional Features
- 14 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2025
Closed on
May 5, 2025
Sold by
426 North Re Ventures Llc
Bought by
426 Fletcher Street Llc
Seller's Agent
Paul Brouillette
LAER Realty Partners
Buyer's Agent
Paul Brouillette
LAER Realty Partners
List Price
$850,000
Sold Price
$902,500
Premium/Discount to List
$52,500
6.18%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,889
Avg. Annual Appreciation
0.75%
Purchase Details
Closed on
Apr 8, 2019
Sold by
Brouillette Ft and Brouillette
Bought by
15 North Real Est Venturs
Purchase Details
Closed on
Mar 12, 2003
Sold by
426 Rt and Donahue
Bought by
Brouillette Ft and Brouillette
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $902,500 | None Available | |
| Quit Claim Deed | $902,500 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | Sold | $902,500 | +6.2% | $268 / Sq Ft |
| 03/06/2025 03/06/25 | Pending | -- | -- | -- |
| 02/19/2025 02/19/25 | For Sale | $850,000 | -- | $252 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,021 | $437,400 | $114,600 | $322,800 |
| 2024 | $4,987 | $418,700 | $107,100 | $311,600 |
| 2023 | $4,922 | $396,300 | $93,100 | $303,200 |
| 2022 | $4,711 | $371,200 | $84,700 | $286,500 |
| 2021 | $5,107 | $379,400 | $73,600 | $305,800 |
| 2020 | $4,924 | $368,600 | $62,800 | $305,800 |
| 2019 | $4,949 | $352,500 | $55,500 | $297,000 |
| 2018 | $4,336 | $338,000 | $52,800 | $285,200 |
| 2017 | $4,354 | $291,800 | $48,000 | $243,800 |
| 2016 | $4,424 | $291,800 | $48,000 | $243,800 |
| 2015 | $3,944 | $254,800 | $49,500 | $205,300 |
| 2013 | $3,553 | $236,700 | $65,800 | $170,900 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brouillette
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73334641
APN: LOWE-000118-002340-000426
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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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