115 Salem St, Lowell MA 01854
About this home
Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML's East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.
Sale Statistics
This property sold for 3.6% below the original asking price.
The property spent 36 days on market before selling.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
115 Salem St, Lowell MA 01854
Lowell, MA 01854
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Jan 24, 2025Listed for Sale
Oct 21, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/24/2025 | ✓ Sold | $1,735,000 | - | - | Property sold |
| 10/21/2024 | 🏠 Listed for Sale | $1,799,000 | - | - | Original listing |