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

42 Albion St Lowell, MA 01850

Contingent
Price Reduced $14,900
21 Photos
$525,000
2 Unit
5 Beds
2 Baths
2109 SQFT
0.07 Acre
42 Albion St
Lowell, MA 01850

Property Description

Fantastic investment opportunity in Lowell! This multi-family property offers two units, perfect for owner occupancy or adding to an investor's portfolio. Unit 1: 2 bedrooms, 1 bath Unit 2: 3 bedrooms, 1 bath. Each unit features separate utilities and offers off-street parking for convenience. Located just 4 minutesfrom the T and a short walk to the bus stop, commuting is a breeze. Enjoy being 1 mile from downtown Lowell, a 10-minute walk to Kerouac Park and George McDermott Reservoir. With tenants currently at will and paying below market rents, there is significant potential for increased cash flow. Lowell’s low vacancy rate of only 3.75% makes this a great investment opportunity! Don't miss out on this excellent multi-family property in a prime location. Some TLC needed reflective of the listing price.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub, Heated Attic, Walk-Up Attic
  • Common Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Forced Air, Oil

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 43200
  • Gross Expenses: 6375
  • Electric Expenses: 360
  • Water/Sewer: 900
  • INSC: 1830
  • Net Operating Income: 37110

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: 2
  • Levels: 2

Construction

  • Year Built: 1925
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73296426
  • Last Updated: 11/18/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/18/2024Contingent$525,000$249MLSPIN
10/27/2024Active$525,000$249MLSPIN
10/23/2024Price Change$525,000$249MLSPIN
10/04/2024Active$539,900$256MLSPIN
09/30/2024New$539,900$256MLSPIN

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View Breakdown

Map & Resources

St. Michael Elementary School

Private School, Grades: PK-8

0.17mi

University of Massachusetts Lowell

University

0.36mi

Lowell High School Freshman Academy

Grades: 9-12

0.37mi

St. Louis Elementary School

Private School, Grades: PK-8

0.39mi

Middlesex Community College, F. Bradford Morse Federal Building

University

0.41mi

Lowell High School

Public Secondary School, Grades: 9-12

0.41mi

St Louis Elementary

Private School, Grades: PK-8

0.42mi

University of Massachusetts Lowell East Campus

University

0.43mi

Trend Nightclub

Bar

0.42mi

Dunkin' Donuts

Donut (Fast Food)

0.44mi

Green Bamboo

Restaurant

0.42mi

Tea-Do

Restaurant

0.45mi

1981 Ramen Bar

Restaurant

0.45mi

bb.q Chicken Lowell

Chicken Restaurant

0.46mi

El Potro Mexican Grill

Mexican Restaurant

0.47mi

Lowell General - Saints Campus

Hospital

0.39mi

Lowell Police Department

Police

0.5mi

Lowell Fire Department

Fire Station

0.45mi

Lowell Fire Department

Fire Station

0.54mi

Boarding House Park

Theatre

0.3mi

Lowell Memorial Auditorium

Theatre

0.41mi

Middlesex Community College Merrimack Building

Theatre

0.46mi

Merrimack Repertory Theatre

Theatre

0.46mi

Tsongas Industrial History Center

Museum

0.26mi

Boot Cotton Mills Museum

Museum

0.3mi

Mill Girls and Immigrants Exhibit

Museum

0.32mi

Tsongas Center

Stadium. Sports: Ice Hockey

0.36mi

Monsignor Keenan Park

Municipal Park

0.11mi

Riverfront Park

State Park

0.25mi

Boarding House Park

Park

0.3mi

First Street Playground

Municipal Park

0.31mi

Tsongas

Park

0.33mi

Kerouac Park

Municipal Park

0.34mi

Lucy Larcom Park

Park

0.35mi

Lawrence Mills Park

Park

0.4mi

Library

Library

0.27mi

The Center for Lowell History

Library

0.31mi

Library

Library

0.42mi

Saints Memorial Medical Center Health Sciences Library

Library

0.45mi

The Lowell Five Cent Savings Bank

Bank

0.4mi

CVS Pharmacy

Pharmacy

0.11mi

Seller's Representative: Lesly Perez, Cameron Real Estate Group
MLS ID#: 73296426

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-11-18 15:58:00