Seller's Agent in 2025
Spencer Norton
Horvath & Tremblay
(781) 776-4524
2 in this area
22 Total Sales
8 Read St Lowell, MA 01850
Centralville Neighborhood
6
Beds
6
Baths
4,253
Sq Ft
2,614
Sq Ft Lot
About This Home
As of December 20258-10 Read Street contains a total of six (6) residential units, consiting of four (4) 2-room studios & two (2) 3-Bedroom/1-Bathroom duplex-style units. The property features separately metered, tenant paid, gas powered heat, hot water, and electricity. The property has a current cap rate of 8.64%. Lead certificates on hand for all units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,295
Year Built
- Built in 1900
Home Design
- 4,253 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Additional Features
- 2,614 Sq Ft Lot
- 6 Heating Zones
- Basement
Listing and Financial Details
- Total Actual Rent $9,200
- Assessor Parcel Number M:198 B:4870 L:8,3192639
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Electric Expense $996
- Insurance Expense $6,306
- Water Sewer Expense $1,962
- Operating Expense $24,588
- Net Operating Income $84,246
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2025 12/23/25 | Sold | $990,000 | +1.5% | $233 / Sq Ft |
| 10/09/2025 10/09/25 | Pending | -- | -- | -- |
| 09/29/2025 09/29/25 | For Sale | $975,000 | -- | $229 / 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 | $7,058 | $614,800 | $107,900 | $506,900 |
| 2024 | $6,878 | $577,500 | $89,600 | $487,900 |
| 2023 | $7,028 | $565,900 | $78,000 | $487,900 |
| 2022 | $6,049 | $476,700 | $62,000 | $414,700 |
| 2021 | $5,649 | $419,700 | $53,900 | $365,800 |
| 2020 | $5,607 | $419,700 | $53,900 | $365,800 |
| 2019 | $4,569 | $325,400 | $46,400 | $279,000 |
| 2018 | $4,416 | $306,900 | $44,200 | $262,700 |
| 2017 | $3,694 | $247,600 | $37,000 | $210,600 |
| 2016 | $3,781 | $249,400 | $38,800 | $210,600 |
| 2015 | $3,370 | $217,700 | $40,000 | $177,700 |
| 2013 | $3,163 | $210,700 | $48,100 | $162,600 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Norton
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73437023
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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