This two-family property is an excellent investment opportunity located blocks away from the UMass Lowell campus and could be great for student housing in the future. The first-floor unit offers three large bedrooms, an eat-in kitchen, a full bathroom, and hardwood floors throughout. The second-floor unit also includes three large bedrooms, an eat-in kitchen, a full bathroom, w/w carpet, 3rd floor-walk attic space that has potential expandable living space with one finished room. The property's systems have been updated, one heating system is new, both gas units and two electric meters, with tenants covering all utilities except water. W/D hook up in the basement. The current tenants pay $1,500 per month on a month-to-month basis. The property has a 2 garage, 2 car driveway, and two covered porches. Both units have been deleaded with certificates. An open house is scheduled for Saturday from 11:30 AM to 1:30 PM. This is a fantastic investment! Don't miss out!
Sold for $570,000
$570,000
231 School St, Lowell, MA 01854
6beds
3,073sqft
Multi Family
Built in 1890
-- sqft lot
$645,400 Zestimate®
$185/sqft
$2,323 Estimated rent
Home value
$645,400
$613,000 - $684,000
$2,323/mo
Zestimate® history
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$2,323/mo
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$3,526/mo
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Zillow last checked:
Listing updated:
Listed by:
Deb Forte 978-423-6464,
Century 21 North East 603-893-8230
Bought with:
Ngan Vien
eXp Realty
Source: MLS PIN,MLS#: 73279561
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Range, Dishwasher, Refrigerator
- Laundry: Electric Dryer Hookup
Features
- Walk-Up Attic, Living Room, Kitchen
- Flooring: Tile, Vinyl, Carpet, Hardwood, Wood
- Basement: Full,Bulkhead
- Has fireplace: No
Interior area
- Total structure area: 3,073
- Total interior livable area: 3,073 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Patio & porch: Porch, Covered
- Exterior features: Balcony/Deck
Lot
- Size: 3,485 sqft
- Features: Corner Lot
Details
- Parcel number: M:118 B:5240 L:231,3182648
- Zoning: TTF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle,Slate
Condition
- Year built: 1890
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range, for Electric Dryer
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Lowell
HOA & financial
Other financial information
- Total actual rent: 3000
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $570,000+14.2%$185/sqft |
Source: MLS PIN #73279561 Report a problem | ||
| 8/20/2024 | Listed for sale | $499,000+241.8%$162/sqft |
Source: MLS PIN #73279561 Report a problem | ||
| 4/14/2010 | Sold | $146,000+4.4%$48/sqft |
Source: Public Record Report a problem | ||
| 2/27/2010 | Listed for sale | $139,900+12.8%$46/sqft |
Source: Kathleen Goneau #71038516 Report a problem | ||
| 3/29/1999 | Sold | $124,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,089 +7.8% | $530,400 +11.9% |
| 2024 | $5,648 +7.3% | $474,200 +11.8% |
| 2023 | $5,266 +16.2% | $424,000 +26% |
| 2022 | $4,531 | $336,600 |
| 2021 | $4,531 +10.7% | $336,600 +9.9% |
| 2020 | $4,094 +8.9% | $306,400 +14.4% |
| 2019 | $3,761 +7.5% | $267,900 +10.2% |
| 2018 | $3,497 +5.6% | $243,000 +9.5% |
| 2017 | $3,312 -1.5% | $222,000 +0% |
| 2016 | $3,364 | $221,900 |
Find assessor info on the county website
Neighborhood: Acre
Nearby schools
GreatSchools rating
- 7/10Kathryn P. Stoklosa Middle SchoolGrades: 5-8Distance: 0.1 mi
- 4/10Lowell High SchoolGrades: 9-12Distance: 0.8 mi
- 6/10Bartlett Community Partnership SchoolGrades: PK-8Distance: 0.1 mi
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Estimated market value
$645,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$645,400
- Massachusetts
- Middlesex County
- Lowell
- 01854
- Acre
- 231 School St
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