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.
Sold for $605,000
$605,000
492 Fletcher St, Lowell, MA 01854
6beds
2,406sqft
Multi Family
Built in 1880
-- sqft lot
$624,900 Zestimate®
$251/sqft
$2,750 Estimated rent
Home value
$624,900
$594,000 - $656,000
$2,750/mo
Zestimate® history
Owner options
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$2,750/mo
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$2,750/mo
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$4,046/mo
Est. payment
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$4,046/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Raymond Boutin 978-502-8352,
RE/MAX Innovative Properties 978-452-4432
Bought with:
Raymond Boutin
RE/MAX Innovative Properties
Source: MLS PIN,MLS#: 73511911
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: $251/sqft
- Tax assessed value: $447,100
- Annual tax amount: $5,133
- Date on market: 6/26/2026
- Exclusions: Tenant Property
- Total actual rent: 4400
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Sold | $605,000-6.9%$251/sqft |
Source: MLS PIN #73511911 Report a problem | ||
| 8/15/2026 | Pending sale | $649,900$270/sqft |
Source: MLS PIN #73511911 Report a problem | ||
| 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
Neighborhood: Acre
Nearby homes
- $380,0004 bd2 ba1.4k sqft494 Fletcher St, Lowell, MA 01854Sold
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- $--2 bd1 ba800 sqft6 Rockdale Ave #2, Lowell, MA 01854Off Market
- $550,0006 bd2 ba2k sqft6 Rockdale Ave, Lowell, MA 01854Sold
- $415,3004 bd2 ba1.6k sqft4 Rockdale Ave, Lowell, MA 01854Off Market
- $490,0004 bd2 ba1.6k sqft8 Rockdale Ave, Lowell, MA 01854Sold
- $560,3004 bd2 ba2.1k sqft498 Fletcher St, Lowell, MA 01854Off Market
Nearby schools
GreatSchools rating
- 5/10Charlotte M Murkland Elementary SchoolGrades: PK-4Distance: 0.2 mi
- 6/10Bartlett Community Partnership SchoolGrades: PK-8Distance: 0.3 mi
- 4/10Lowell High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Lps
- Middle: Lps
- High: Lps Or Glths
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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Estimated market value
$624,900
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
$624,900
- Massachusetts
- Middlesex County
- Lowell
- 01854
- Acre
- 492 Fletcher St
