Great corner lot with plenty of on street parking and a rare driveway. Property recently appraised in April 2025 as is for $866,000. Many recent updates within past few years including renovated units, Navien on demand heating systems as well as new electrical throughout. Three units are rented with two high rents but still slightly below market value and one significantly below market value and one vacant unit that needs some light renovations. This building is ready for an investor to come in, reap the rewards of the rented units, while gaining additional upside by increasing the rent on the below market unit and renovating and renting the vacant unit. Easy access to the Lowell Connector and walking distance to public transportation for the tenants. Don't miss your chance to buy an all around solid building that will generate great returns and always have a high tenant demand.
For sale
$850,000
712 School St, Lowell, MA 01851
8beds
3,348sqft
Est.:
4 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$254/sqft
$-- HOA
What's special
Corner lotRare drivewayRenovated units
- 9 days
- on Zillow |
- 311 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 12:06am
Listed by:
Eric DiNicola,
Winterspring Real Estate, LLC,
Eric DiNicola
Source: MLS PIN,MLS#: 73361238
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Features
- Living Room, Kitchen
- Flooring: Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,348
- Total interior livable area: 3,348 sqft
- Finished area above ground: 3,348
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Lot
- Size: 3,049 Square Feet
- Features: Corner Lot
Details
- Parcel number: M:123 B:5240 L:712,3183604
- Zoning: USF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Frame
- Foundation: Stone
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range
Community & HOA
Community
- Features: Public Transportation, Laundromat
Location
- Region: Lowell
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $597,800
- Annual tax amount: $6,863
- Date on market: 4/17/2025
- Total actual rent: 4500
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