Very well maintained building with stabilized rents and performing near an 8% cap rate. This turn-key investment property is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, updated electrical, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best multi family investment property on the market in Lowell today!
For sale
$1,049,000
317 Nesmith St, Lowell, MA 01852
7beds
3,131sqft
Est.:
5-9 Family
Built in 1920
-- sqft lot
$-- Zestimate®
$335/sqft
$-- HOA
What's special
Clean kitchens and bathroomsFresh paint
- 4 days
- on Zillow |
- 342 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: 16 hours ago
Listed by:
Nick Cowden,
Compass
Source: MLS PIN,MLS#: 73362935
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 3,131
- Total interior livable area: 3,131 sqft
- Finished area above ground: 3,131
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Lot
- Size: 2,512 Square Feet
- Features: Gentle Sloping, Sloped
Details
- Parcel number: 3194892
- Zoning: TMF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Block, Stone
Condition
- Year built: 1920
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Lowell
Financial & listing details
- Price per square foot: $335/sqft
- Tax assessed value: $589,500
- Annual tax amount: $6,768
- Date on market: 4/22/2025
- Total actual rent: 9350
- Road surface type: Paved
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