Excellent investment or owner-occupied opportunity! This 4-unit property offers a strong Investor Cap Rate of 8.34%. Conveniently located near restaurants and shopping, within walking distance to a pharmacy, and offering easy access to highways. Just 1 mile from the Lowell MBTA station. 2 furnaces in cellar for 1st fl and 2 furnaces in the attic for 2nd fl. Includes 4 off-street parking spaces. Property has been managed by same Company for over 60 years. Low turnover, long term tenants. Some Section 8 Leases in place.
Sold for $700,000
$700,000
171 Powell St, Lowell, MA 01851
--beds
3,353sqft
4 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$209/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Paul Brouillette 978-852-3001,
LAER Realty Partners 978-251-8221
Bought with:
Marcos Doliver
Prime Choice Real Estate
Source: MLS PIN,MLS#: 73334575
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Included: Washer, Dryer, Range, Refrigerator
Features
- Living Room, Kitchen
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,353
- Total interior livable area: 3,353 sqft
- Finished area above ground: 3,353
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 4
Lot
- Size: 3,920 sqft
- Features: Corner Lot
Details
- Parcel number: M:124 B:4745 L:171,3183818
- Zoning: TTF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Foundation: Other
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, T-Station
Location
- Region: Lowell
HOA & financial
Other financial information
- Total actual rent: 6400
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2025 | Sold | $700,000-6.7%$209/sqft |
Source: MLS PIN #73334575 Report a problem | ||
| 3/7/2025 | Contingent | $750,000$224/sqft |
Source: MLS PIN #73334575 Report a problem | ||
| 2/19/2025 | Listed for sale | $750,000$224/sqft |
Source: MLS PIN #73334575 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lower Highlands
Nearby schools
GreatSchools rating
- 6/10Laura Lee Therapeutic Day SchoolGrades: 5-8Distance: 0.1 mi
- 4/10Lowell High SchoolGrades: 9-12Distance: 1.5 mi
- 6/10Abraham Lincoln Elementary SchoolGrades: PK-4Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Ab. Lincoln Ele
- Middle: James S. Daley
- High: Lowell High
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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