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You are here:
36 Days on Boston Pads
Price Reduced $75,000
23 Photos
$1,025,000
7 Unit
7 Beds
7 Baths
3625 SQFT
0.06 Acre
28 Grand St
Lowell, MA 01851

Property Description

Fantastic investment opportunity 8.29% CAP RATE ! Well-maintained 7-unit building featuring six 2-room studios (approx. 450 sq. ft. each) and one 2-bedroom unit (approx. 500 sq. ft.). All separate electric and gas utilities. All new separate heating systems and hot water tanks. Roof replaced 4 years ago. Long-term tenants with rents well below market—great upside potential for investors. Prime location just a 2-minute walk to train and bus station.

Property Overview

Building Information

  • Total Units: 7
  • Total Floors: 2
  • Total Bedrooms: 7
  • Total Full Baths: 7
  • Amenities: Public Transportation, Shopping

Financial

  • APOD Available: Yes
  • Gross Operating Income: 103200
  • Gross Expenses: 16316
  • Electric Expenses: 1073
  • Water/Sewer: 2000
  • INSC: 5000
  • RFS: 1927
  • Net Operating Income: 85008

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

Unit 4 Description

  • Under Lease: No

Construction

  • Year Built: 1850
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73456346
  • Last Updated: 12/18/25

Date Event Price Price/Sq Ft Source
12/15/2025Active$1,025,000$283MLSPIN
12/11/2025Price Change$1,025,000$283MLSPIN
11/23/2025Active$1,100,000$303MLSPIN
11/19/2025New$1,100,000$303MLSPIN

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View Breakdown

Map & Resources

Rogers STEM Academy

Public Elementary School, Grades: K-8

0.33mi

Lowell Community Charter School

Charter School, Grades: K-8

0.33mi

Rogers Early Literacy Center

School

0.33mi

E N Rogers

Public School, Grades: 5-8

0.33mi

Lowell Community Charter Public School

Charter School, Grades: PK-8

0.35mi

The Career Academy

Public Secondary School, Grades: 9-12

0.4mi

Hellenic American Academy

Private School, Grades: PK-8

0.44mi

Kathryn P. Stoklosa Middle School

Public Middle School, Grades: 5-8

0.53mi

Cappy's Copper Kettle

Bar

0.51mi

The Blue Shanrock

Bar

0.57mi

Blue Shamrock

Bar

0.57mi

Captain John's

Bar

0.58mi

Catcher's Mitt

Bar

0.59mi

Smokehouse Tavern

Bar

0.6mi

Loyal Lounge

Bar

0.64mi

The Old Court Irish Pub And Restaurant

Bar

0.66mi

The Social Pup

Animal Boarding

0.51mi

Lowell General - Saints Campus

Hospital

0.91mi

Lowell Fire Department

Fire Station

0.29mi

Lowell Fire Department

Fire Station

0.64mi

Lowell Fire Department

Fire Station

0.64mi

Lowell Fire Department

Fire Station

0.9mi

Lowell Fire Department

Fire Station

0.92mi

Lowell Fire Department

Fire Station

0.93mi

Lowell Police

Police

0.19mi

Onyx Room Performance Space

Theatre

0.18mi

Middlesex Community College Merrimack Building

Theatre

0.74mi

Lowell Memorial Auditorium

Theatre

0.8mi

Boarding House Park

Theatre

0.81mi

Merrimack Repertory Theatre

Theatre

0.83mi

Western Avenue Studios

Arts Centre

0.16mi

Brush Art Gallery

Arts Centre

0.5mi

The Luna Theater

Cinema

0.27mi

Campus Recreation Complex

Sports Centre

0.84mi

Armory Park

Park

0.04mi

South Common

Municipal Park

0.15mi

Clemente Park

Municipal Park

0.19mi

Utopia Park

Park

0.25mi

South Common Historic District

Park

0.27mi

Utopia Park

Park

0.32mi

Lincoln Square Park

Municipal Park

0.37mi

Durkin Park

Municipal Park

0.45mi

Olga Nieves Playground

Playground

0.36mi

Richmond Ave Playground

Playground

0.67mi

Fayette Street Playground

Playground

0.84mi

Moody Street Playground

Playground

0.87mi

Bartlett Community Partnership School

Recreation Ground

0.76mi

Xtra Fuels

Gas Station

0.43mi

Haffner's

Gas Station

0.5mi

Shell

Gas Station

0.58mi

BP

Gas Station

0.92mi

Osborne Library

Library

0.28mi

Paul Gennell Memorial Library

Library

0.33mi

Library

Library

0.34mi

Senior Center Branch Library

Library

0.41mi

Target

Department Store

0.92mi

XtraMart

Convenience

0.44mi

K Market

Convenience

0.46mi

Haffner's

Convenience

0.5mi

Salem St Variety

Convenience

0.76mi

Bayon Market

Supermarket

0.27mi

Market Basket

Supermarket

0.45mi

Lowell

Lowell

0.22mi

Seller's Representative: Paul Brouillette, LAER Realty Partners
MLS ID#: 73456346

© 2025 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 2025-12-18 11:09:00