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$ 609,000
Est. payment /mo
Open Sat 11AM-12:30PM
42 Albion Street Lowell, MA 01850
5 Beds
2 Baths
2,109 SqFt
Open House
Sat Aug 15, 11:00am - 12:30pm
Sun Aug 16, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family - 2 Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,109 sqft
Price per Sqft $288
MLS Listing ID 73562555
Bedrooms 5
Full Baths 2
Year Built 1925
Annual Tax Amount $4,775
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type 2 Family - 2 Units Up/Down
Property Description
Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,400 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.
Location
State MA
County Middlesex
Zoning TMF
Direction see Google Maps
Rooms
Basement Full, Unfinished
Interior
Interior Features Living Room, Dining Room
Appliance Disposal, Microwave, Refrigerator
Exterior
Total Parking Spaces 2
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Access
NEARBY SCHOOLS & PROPERTIES