$3,000,000
SOLD MAR 31, 2025
28 Beds
21 Baths
15,412 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$195 Per Sq Ft

3% Above List Price

4 Days on Market

Highlights

  • Medical Services
  • Granite Flooring
  • Open Floorplan
  • City View
  • 0.17 Acre Lot
  • Property is near public transit

About This Home

As of March 2025

Investors should consider this rare opportunity: a free-standing brick building in Downtown Lowell, seldom on the market, featuring 21 residential units over 15,460 sq/ft. The property boasts 14 one-bedroom and 7 two-bedroom units, all well-maintained with amenities like gas cooking, ceiling fans, tiled baths, some with open floor plans and city views, in-building laundry, among others. This investment promises to yield excellent rents for its future owner for years ahead. Financial details can be provided upon request. Presently, the building is fully occupied, highlighting the numerous benefits of owning such an investment property.

Last Agent to Sell the Property

Spiro Skinsacos

LAER Realty Partners Listed on: 09/03/2024

LAER Realty Partners

Last Buyer's Agent

Candor Realty Group

Four Points Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,027

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Slate Roof

Interior Spaces

  • 15,412 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Family Room
  • Living Room
  • City Views
  • Range

Flooring

  • Carpet
  • Laminate
  • Granite

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 21 Full Bathrooms
  • Bathtub with Shower

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 6 Car Parking Spaces
  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lowell High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam

Listing and Financial Details

  • Rent includes unit 1(heat water), unit 2(heat water), unit 3(heat water), unit 4(heat water)

Community Details

Overview

  • 21 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park

Building Details

  • Electric Expense $2,840
  • Water Sewer Expense $7,704
  • Operating Expense $7,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,027

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Levels: 8
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Bathroom With Tub & Shower, Open Floorplan, Kitchen, Family Room, Living Room
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 28
  • Full Bathrooms: 21
  • Total Bathrooms: 21
  • Total Bathrooms: 21
  • Basement: Full, Interior Entry
  • Above Grade Finished Sq Ft: 15412
  • Living Area: 15412
  • Spa YN: No
  • Stories Total: 8
  • Window Features: Insulated Windows
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 188.17
  • PRICE PER Sq Ft: 194.65
  • MAIN SO: AN5498

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Slate
  • View: City View(s), City
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: None
  • Heating: None, Steam, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: No
  • Water Source: Public
  • HEAT UNITS: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Heat,Water), Unit 3(Heat,Water), Unit 4(Heat,Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 7704

Lot Info

  • Zoning: UMU
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Cleared, Level
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405
  • Lot Size Units: Acres
  • PAGE: 256
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 29027
  • Tax Book Number: 6269

Multi Family

  • Electric Expense: 2840
  • Gross Income: 236400
  • Number Of Units Total: 21
  • Operating Expense: 7704
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Lowell High

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $3,000,000 +3.4% $195 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $2,900,000 -- $188 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73284001

MLS Property Information Network (MLS PIN)