Sold for $650,000

$650,000

348 Walker St, Lowell, MA 01851

5beds

2,550sqft

2 Family - 2 Units Up/Down

Built in 1900

-- sqft lot

$728,800 Zestimate^®

$255/sqft

$2,559 Estimated rent

Home value

$728,800

$685,000 - $773,000

$2,559/mo

Zestimate^® history

Owner options

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$2,559/mo

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$2,559/mo

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$4,019/mo

Est. payment

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$4,019/mo

Est. payment

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What's special

Welcome to this expansive Multi-Family located in the heart of Lowell! This property presents an exceptional investment opportunity that is not to be missed. With 5 bedrooms & 3 bathrooms spread over 2550 square feet, this home provides ample space both inside and out! Upgrades include new kitchens and baths, new electrical & heating system, new flooring, light fixtures & fresh paint throughout. This property is an ideal investment due to its proximity to the nearby University, making it a prime rental opportunity for college students. The first unit offers a spacious floor plan with generously sized bedrooms, while the second unit is a cozy studio apartment with 1 bedroom. There is also potential to convert the current floor plan into two 2-bedroom units, maximizing rental income potential. Conveniently located near major highways, shopping, & public transportation, residents of this property will enjoy easy access to all essentials. Make this home yours today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Steam, Natural Gas

Cooling

None

Appliances

Included: Range, Microwave

Features

Kitchen, Living Room
Flooring: Vinyl, Carpet
Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,550
Total interior livable area: 2,550 sqft

Property

Parking

Total spaces: 7
Parking features: Paved Drive
Uncovered spaces: 7

Lot

Size: 5,454 sqft
Features: Cleared

Details

Parcel number: 3180586
Zoning: TMF

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Family - 2 Units Up/Down

Materials

Frame
Foundation: Concrete Perimeter
Roof: Slate

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

Region: Lowell

HOA & financial

Other financial information

Total actual rent: 0

Price history

Date	Event	Price
4/2/2024	Sold	$650,000$255/sqft
Source: MLS PIN #73203164 Report a problem
2/20/2024	Contingent	$650,000$255/sqft
Source: MLS PIN #73203164 Report a problem
2/16/2024	Listed for sale	$650,000+62.5%$255/sqft
Source: MLS PIN #73203164 Report a problem
8/4/2023	Sold	$400,000-33.3%$157/sqft
Source: MLS PIN #73103216 Report a problem
4/27/2023	Listed for sale	$599,900$235/sqft
Source: MLS PIN #73103216 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,261 +12.4%	$719,600 +16.6%
2024	$7,350 -1.2%	$617,100 +3%
2023	$7,438 +21.3%	$598,900 +31.5%
2022	$6,131	$455,500
2021	$6,131 +3.5%	$455,500 +2.7%
2020	$5,924 +19.4%	$443,400 +25.5%
2019	$4,960 +4.3%	$353,300 +6.9%
2018	$4,757 +10.9%	$330,600 +15%
2017	$4,290 -0.5%	$287,500 +1.1%
2016	$4,313	$284,500