Sold for $990,000

$990,000

28 Grand St, Lowell, MA 01851

7beds

3,625sqft

5-9 Family

Built in 1850

-- sqft lot

$-- Zestimate^®

$273/sqft

$3,213 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,213/mo

Zestimate^® history

Owner options

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$3,213/mo

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$3,213/mo

Rent Zestimate^®

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$6,123/mo

Est. payment

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$6,123/mo

Est. payment

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What's special

Fantastic investment opportunity 8.93% CAP RATE ! Well-maintained 7-unit building featuring six 2-room studios (approx. 450 sq. ft. each) and one 2-bedroom unit (approx. 500 sq. ft.). All separate electric and gas utilities. All new separate heating systems and hot water tanks. Roof replaced 4 years ago. Long-term tenants with rents well below market—great upside potential for investors. Prime location just a 2-minute walk to train and bus station.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 7
Full bathrooms: 7

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,625
Total interior livable area: 3,625 sqft
Finished area above ground: 3,625

Property

Parking

Parking features: Paved Drive
Has uncovered spaces: Yes

Lot

Size: 2,614 sqft

Details

Parcel number: M:141 B:2705 L:28,3185551
Zoning: UMU

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Foundation: Stone

Condition

Year built: 1850

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Public Transportation, Shopping

Location

Region: Lowell

HOA & financial

Other financial information

Total actual rent: 4800

Price history

Date	Event	Price
1/30/2026	Sold	$990,000-1%$273/sqft
Source: MLS PIN #73456346 Report a problem
1/14/2026	Contingent	$999,900$276/sqft
Source: MLS PIN #73456346 Report a problem
1/9/2026	Price change	$999,900-2.4%$276/sqft
Source: MLS PIN #73456346 Report a problem
12/11/2025	Price change	$1,025,000-6.8%$283/sqft
Source: MLS PIN #73456346 Report a problem
11/19/2025	Listed for sale	$1,100,000$303/sqft
Source: MLS PIN #73456346 Report a problem