For sale

$649,900

492 Fletcher St, Lowell, MA 01854

6beds

2,406sqft

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Multi Family

Built in 1880

-- sqft lot

$642,200 Zestimate^®

$270/sqft

$-- HOA

What's special

Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.

55 days

619

14

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Appliances

Included: Range, Refrigerator, Range Hood
Laundry: Washer & Dryer Hookup

Features

Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Living Room, Kitchen
Flooring: Laminate, Hardwood
Basement: Full,Interior Entry,Concrete,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,406
Total interior livable area: 2,406 sqft
Finished area above ground: 2,406

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Lot

Size: 2,178 Square Feet
Features: Level

Details

Parcel number: M:117 B:2340 L:492,3182443
Zoning: USF

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Stone
Roof: Shingle,Asphalt/Composition Shingles

Condition

Year built: 1880

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Medical Facility, Laundromat, House of Worship, University

Location

Region: Lowell

Financial & listing details

Price per square foot: $270/sqft
Tax assessed value: $447,100
Annual tax amount: $5,133
Date on market: 5/4/2026
Exclusions: Tenant Property
Total actual rent: 4400

Estimated market value

$642,200

$610,000 - $674,000

$2,582/mo

Price history

Date	Event	Price
5/4/2026	Listed for sale	$649,900+552.8%$270/sqft
Source: MLS PIN #73511911 Report a problem
3/17/2009	Sold	$99,550-50%$41/sqft
Source: Public Record Report a problem
4/28/2008	Listing removed	$199,000-9.1%$83/sqft
Source: MLS Property Information Network #70703717 Report a problem
1/29/2008	Listed for sale	$219,000+157.6%$91/sqft
Source: MLS Property Information Network #70703717 Report a problem
1/5/2001	Sold	$85,000$35/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,133 +7.9%	$447,100 +12%
2024	$4,756 +7.4%	$399,300 +11.9%
2023	$4,430 +16.6%	$356,700 +26.4%
2022	$3,800	$282,300
2021	$3,800 +10.9%	$282,300 +10%
2020	$3,428 +7.2%	$256,600 +12.7%
2019	$3,197 +7.8%	$227,700 +10.5%
2018	$2,966 +5.7%	$206,100 +9.6%
2017	$2,805 -1.6%	$188,000
2016	$2,850	$188,000

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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