8 Cherry St Lowell, MA 01852
Back Central NeighborhoodEstimated payment $7,577/month
Highlights
- Medical Services
- Community Pool
- Park
- Property is near golf course, public transit, and schools
- Jogging Path
- 4-minute walk to South Common Park
About This Home
Great investment opportunity with this six (6) 2-Bed/1-Bath units. Extremely low maintenance with great cash flow. 4 out of the 6 units and common areas have been completely remodeled in the past few months. 5 brand new heating systems. Sprinklers and alarm monitoring systems are a few years old. 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. The Property is a centrally located offering strong tenant appeal through its easy access to downtown amenities, neighborhood services, and recreational destinations. It is conveniently situated near major roadways, including Interstate 495, the Lowell Connector, and U.S. Route 3. Open House: 6/6 - 11-12.30 and 6/7 - 10.30-11.30.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,052
Year Built
- Built in 1920
Home Design
- Rubber Roof
Interior Spaces
- 4,334 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Additional Features
- 2,178 Sq Ft Lot
- Property is near golf course, public transit, and schools
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number M:181 B:1200 L:8,3190467
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Community Pool
- Park
- Jogging Path
- Bike Trail
Additional Features
- 6 Units
- Net Operating Income $101,700
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 | $10,052 | $875,600 | $96,400 | $779,200 |
| 2024 | $9,971 | $837,200 | $87,000 | $750,200 |
| 2023 | $10,256 | $825,800 | $75,600 | $750,200 |
| 2022 | $8,856 | $697,900 | $59,600 | $638,300 |
| 2021 | $8,286 | $615,600 | $51,900 | $563,700 |
| 2020 | $8,108 | $606,900 | $43,200 | $563,700 |
| 2019 | $6,613 | $471,000 | $40,000 | $431,000 |
| 2018 | $6,864 | $444,300 | $38,100 | $406,200 |
| 2017 | $6,820 | $457,100 | $41,600 | $415,500 |
| 2016 | $6,649 | $438,600 | $41,800 | $396,800 |
| 2015 | $6,356 | $410,600 | $41,800 | $368,800 |
| 2013 | $5,413 | $360,600 | $48,200 | $312,400 |
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 |
|---|---|---|---|---|---|
| 06/02/2026 06/02/26 | For Sale | $1,250,000 | +42.9% | $288 / Sq Ft | |
| 12/08/2025 12/08/25 | Sold | $875,000 | -10.3% | $202 / Sq Ft | View 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: 73528099
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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