Sold for $525,000

$525,000

506 Gorham St, Lowell, MA 01852

6beds

3,976sqft

5+ Family - 5+ Units Up/Down

Built in 1910

-- sqft lot

$-- Zestimate^®

$132/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

Owner options

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$3,426/mo

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$3,426/mo

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What's special

Off street parking

Great investor opportunity! This 5-unit building consists of four 1-bedroom apartments and one 2-bedroom apartment. Off street parking. Walking distance to downtown, shopping, dining, bus stops and train station. Close to major highways and Umass Lowell. All 5 units are occupied by long term tenants. Open house this coming Saturday 10/12 from 12-2pm

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 5

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,976
Total interior livable area: 3,976 sqft

Property

Parking

Total spaces: 4
Uncovered spaces: 4

Lot

Size: 5,663 Square Feet
Features: Level

Details

Parcel number: 3190622
Zoning: TTF

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Foundation: Other

Condition

Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Lowell

Financial & listing details

Price per square foot: $132/sqft
Tax assessed value: $580,600
Annual tax amount: $6,915
Date on market: 11/2/2025
Exclusions: Tenants' Personal Property
Total actual rent: 4550

Price history

Date	Event	Price
12/30/2024	Sold	$525,000-12.4%$132/sqft
Source: MLS PIN #73274690 Report a problem
10/18/2024	Contingent	$599,000$151/sqft
Source: MLS PIN #73274690 Report a problem
10/7/2024	Price change	$599,000-7.7%$151/sqft
Source: MLS PIN #73274690 Report a problem
9/18/2024	Price change	$649,000-7.2%$163/sqft
Source: MLS PIN #73274690 Report a problem
8/27/2024	Price change	$699,000-2.8%$176/sqft
Source: MLS PIN #73274690 Report a problem
8/7/2024	Listed for sale	$719,000$181/sqft
Source: MLS PIN #73274690 Report a problem