This is your chance to own a great mixed use property with 2 commercial spaces and 1 residential upstairs and pay very little to none towards mortgage! Investors, this property has excellent potential. It's a few blocks away from UMASS and on a huge street. Potential income could be $3k+. Each commercial space comes with a half bath and a boiler room/closet. The hair salon has a break room as well. The tenants are long term and are very good with their rent. Upstairs has 3 bedrooms with good closet space, hardwood floors, big eat-in kitchen and a nice huge rubber roof deck. There's residential on-street parking only but there are plenty of them!
Off market
$584,500
198 University Ave, Lowell, MA 01854
3beds
2,610sqft
MultiFamily
Built in 1930
-- sqft lot
$584,500 Zestimate®
$224/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Heating
- Other, Gas
Interior area
- Total interior livable area: 2,610 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 3,484 sqft
Details
- Parcel number: LOWEM96B5830L198
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1930
Community & neighborhood
Location
- Region: Lowell
Other
Other facts
- Amenities: Public Transportation, Shopping
- Foundation: Poured Concrete, Fieldstone, Concrete Block
- Hot Water: Natural Gas
- Road Type: Public
- Roof Material: Asphalt/Fiberglass Shingles, Rubber
- Lot Description: Level
- Rnt Dscrp 2: Water
- Rnt Dscrp 3: Water
- Electric Feature: 100 Amps
- Basement Feature: Walk Out
- Mf Type: 3 Family - 3 Units Up/Down
- Exterior Features: Deck - Roof
Services availability
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
$584,500
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
$584,500