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You are here:
Home Massachusetts Lowell Multi-Family Homes for Sale

506 Gorham St. Lowell, MA 01852

24 Days on Boston Pads
Price Reduced $20,000
18 Photos
$699,000
5 Unit
6 Beds
5 Baths
3976 SQFT
0.13 Acre
506 Gorham St.
Lowell, MA 01852

Property Description

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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 6
  • Total Full Baths: 5

Financial

  • APOD Available: Yes
  • Gross Operating Income: 54600
  • Gross Expenses: 6756
  • Water/Sewer: 2233
  • INSC: 4523
  • Net Operating Income: 54600

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73274690
  • Last Updated: 08/31/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
08/31/2024Active$699,000$176MLSPIN
08/27/2024Price Change$699,000$176MLSPIN
08/11/2024Active$719,000$181MLSPIN
08/07/2024New$719,000$181MLSPIN

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Seller's Representative: Jason Newbury, LAER Realty Partners

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-08-31 03:06:00