Sold for $1,735,000

$1,735,000

115 Salem St, Lowell, MA 01854

17beds

7,038sqft

5-9 Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$247/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

Owner options

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$10,853/mo

Est. payment

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$10,853/mo

Est. payment

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What's special

Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML's East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 17
Bathrooms: 8
Full bathrooms: 8

Heating

Electric, Unit Control

Appliances

Included: Range, Microwave, Refrigerator, Freezer
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Ceiling Fan(s), Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub, Kitchen, Living RM/Dining RM Combo
Flooring: Vinyl, Carpet, Stone/Ceramic Tile
Has basement: No
Has fireplace: No

Interior area

Total structure area: 7,038
Total interior livable area: 7,038 sqft

Property

Parking

Total spaces: 2
Parking features: Paved Drive, Off Street, On Street, Paved
Uncovered spaces: 2

Features

Fencing: Fenced/Enclosed

Lot

Size: 3,920 sqft
Features: Level

Details

Parcel number: M:117 B:5185 L:115,3182458
Zoning: UMF

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Block
Roof: Rubber

Condition

Year built: 1900

Utilities & green energy

Electric: 150 Amp Service, Individually Metered
Sewer: Public Sewer
Water: Public
Utilities for property: for Electric Dryer, Washer Hookup

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Highway Access, Public School, University, Sidewalks

Location

Region: Lowell

HOA & financial

Other financial information

Total actual rent: 13000

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
1/24/2025	Sold	$1,735,000-3.6%$247/sqft
Source: MLS PIN #73304464 Report a problem
11/14/2024	Contingent	$1,799,000$256/sqft
Source: MLS PIN #73304464 Report a problem
11/6/2024	Listed for sale	$1,799,000$256/sqft
Source: MLS PIN #73304464 Report a problem
10/31/2024	Contingent	$1,799,000$256/sqft
Source: MLS PIN #73304464 Report a problem
10/21/2024	Listed for sale	$1,799,000$256/sqft
Source: MLS PIN #73304464 Report a problem