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EXECUTIVE SUMMARY
Multifamily Gem with Big Upside!! Well-maintained 5-unit multifamily home featuring five spacious 1-bedroom, 1-bath apartments. Each unit offers a comfortable layout with living room, kitchen with dining area, bedroom, and bath. Property is clean, well-kept, and reflects pride of ownership. Off street parking for 6+ cars. Letter of Lead Compliance on file. Current rents are below market value, providing immediate upside potential for investors. This property’s turnkey condition minimizes upfront costs. Lowell’s rental market continues to show high demand, driven by its proximity to Boston, thriving local economy, and growing student population. Perfect for new and seasoned investors and/or owner occupied.
PROPERTY FACTS
| Price | $950,000 | Property Subtype | Apartment |
| Price Per Unit | $190,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,793 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1920 |
| Price | $950,000 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,793 SF |
| No. Stories | 4 |
| Year Built | 1920 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Eat-in Kitchen
- Refrigerator
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+5 | 5 | - | - |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | LOWE-000172-003005-000277 | Improvements Assessment | $476,000 |
| Land Assessment | $126,400 | Total Assessment | $602,400 |
PROPERTY TAXES
Parcel Number
LOWE-000172-003005-000277
Land Assessment
$126,400
Improvements Assessment
$476,000
Total Assessment
$602,400
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2 Sutherland St
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