492 Fletcher St Lowell, MA 01854
Acre NeighborhoodEstimated payment $3,873/month
Highlights
- Medical Services
- Wood Flooring
- Living Room
- Property is near public transit and schools
- Bathtub with Shower
- Ceiling Fan
About This Home
Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.
Open House Schedule
-
Tuesday, May 5, 20264:30 to 6:00 pm5/5/2026 4:30:00 PM +00:005/5/2026 6:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,133
Year Built
- Built in 1880
Lot Details
- 2,178 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 2,406 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Living Room
- Range with Range Hood
- Washer and Dryer Hookup
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- On-Street Parking
- Open Parking
Location
- Property is near public transit and schools
Schools
- Lps Elementary And Middle School
- Lps Or Glths High School
Listing and Financial Details
- Assessor Parcel Number M:117 B:2340 L:492,3182443
Community Details
Amenities
- Medical Services
- Coin Laundry
Additional Features
- 2 Units
- Net Operating Income $52,800
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 | $5,133 | $447,100 | $83,300 | $363,800 |
| 2024 | $4,756 | $399,300 | $77,800 | $321,500 |
| 2023 | $4,430 | $356,700 | $67,700 | $289,000 |
| 2022 | $4,096 | $322,800 | $61,500 | $261,300 |
| 2021 | $3,800 | $282,300 | $53,500 | $228,800 |
| 2020 | $3,428 | $256,600 | $45,700 | $210,900 |
| 2019 | $3,197 | $227,700 | $40,300 | $187,400 |
| 2018 | $2,966 | $206,100 | $38,400 | $167,700 |
| 2017 | $2,805 | $188,000 | $34,900 | $153,100 |
| 2016 | $2,850 | $188,000 | $34,900 | $153,100 |
| 2015 | $2,621 | $169,300 | $35,900 | $133,400 |
| 2013 | $2,423 | $161,400 | $47,800 | $113,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/03/2026 05/03/26 | For Sale | $649,900 | -- | $270 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Foreclosure Deed | $99,550 | -- | |
| Foreclosure Deed | $99,550 | -- | |
| Deed | $85,000 | -- | |
| Deed | $85,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $101,275 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73511911
APN: LOWE-000117-002340-000492
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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