8 Cherry St Lowell, MA 01852
Back Central NeighborhoodEstimated payment $6,005/month
Highlights
- Golf Course Community
- Property is near public transit
- Jogging Path
- Medical Services
- Community Pool
- 4-minute walk to South Common Park
About This Home
8 Cherry Street contains six (6) 2-Bedroom/1-Bathroom units. The Property is a centrally located multifamily property offering strong tenant appeal through its walkable access to downtown amenities, neighborhood services, and recreational destinations. The property is conveniently situated near major roadways, including Interstate 495, the Lowell Connector, and U.S. Route 3. The Property is separately metered for electricity and gas-powered heat and hot water, which tenants pay directly. The Landlord is responsible for common area electric and providing domestic water and sewer. Additionally, three units will be delivered vacant, allowing for prospective buyers to immediately renovate units and get rents to market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,394
Year Built
- Built in 1920
Home Design
- Rubber Roof
Interior Spaces
- 4,334 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Additional Features
- 2,178 Sq Ft Lot
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 3190467
Community Details
Overview
- 6 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $31,483
- Net Operating Income $20,117
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | Pending | -- | -- | -- | |
| 10/15/2025 10/15/25 | For Sale | $975,000 | +1.6% | $225 / Sq Ft | |
| 05/19/2022 05/19/22 | Sold | $960,000 | +12.9% | $222 / Sq Ft | View Prior Sale |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- | |
| 03/04/2022 03/04/22 | For Sale | $850,000 | -- | $196 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73444131
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