118 & 120 Gates St, Lowell MA 01851

Lowell, MA 01851 • Highlands
$685,000
Est. $3,646/month
7
Beds
2
Baths
2,793
Sq Ft
$245
Price/Sq Ft
0.13
Acres
1925
Year Built
Multi Family
Type
16
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73372165

About this home

Excellent investment opportunity for this two-family home in the Highlands neighborhood of Lowell. Ideally situated on corner lot just minutes from shops, restaurants, parks, schools, public transportation and easily accessible to highway, this is a perfect location for both owner-occupants and investors alike. First unit has 3 bedrooms. Second unit has 4 bedrooms, laundry hook up and solar panels that were installed Fall 2024. Paved driveway provides ample parking plus a storage shed for added convenience. Customize and add value over time while benefiting from passive income. Live in one, rent the other or rent both for solid income potential!

Sale Statistics

Sale Overview
Original List Price: $629,000
Final Sale Price: $685,000
Difference: +$56,000 (+8.9%)
Performance Metrics
108.9%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $225
Sale $/sq ft: $245
This property sold for $245 per square foot
Sale Summary

This property sold for 8.9% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1925
Bedrooms
7
Full Bathrooms
2
Living Area
2,793 sq ft
Total Rooms
13
Stories
4
Levels
4

Interior Features

Flooring
Wood
Heating
Natural Gas, Electric
Has Heating
Yes
Has Fireplace
No
Appliances
Range, Refrigerator, Range Hood
Interior Features
Ceiling Fan(s), Pantry, Living Room, Kitchen, Laundry Room
Laundry Features
Washer & Dryer Hookup
Basement Details
Unfinished

Exterior & Structure

Roof
Shingle
Foundation
Stone
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.13 acres
Lot Size
5,663 sq ft
Lot Size Area
0.1300
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Paved

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,074
Tax Year
2024
Tax Assessed Value
$426,000
Parcel Number
M:142 B:2565 L:118
Zoning
TMF

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Home being sold as-is. Information deem reliable but is not guaranteed. Property includes additional bathroom that is unpermitted on 3rd floor. Buyers/buyers’ agent to do due diligence. First unit vacant, seller occupying second unit, both units will be delivered vacant.

Location

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Neighborhood

Highlands

118 & 120 Gates St, Lowell MA 01851

Lowell, MA 01851

Walkability

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Schools

Elementary School
Lincoln
Rating information coming soon
Middle School
Stoklosa
Rating information coming soon
High School
Lowell High
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $423
Homeowners Insurance $200
PMI $0

Property History

Market Insights

8.2%
Price Range
19
Total Days on Market

Property Timeline

Sold
Jun 27, 2025
$685,000
Property sold
Days on Market: 19
🏠
Listed for Sale
May 9, 2025
$629,000
Original listing
Agent: Bonieta Lach Office: Pailin Realty

Price & Status History

Date Event Price Change
May 9, 2025 New Listing Added $629,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$245

Tax History

Year Taxes Assessment
2024 $5,074 $426,000

Financial Details

Annual Property Tax
$5,074
Tax Year 2024
Assessed Value
$426,000

Listing Information

Listing Agent Bonieta Lach
Listing Office Pailin Realty
Agent MLS ID CN234000
Office MLS ID AN2766

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118 & 120 Gates St, Lowell MA 01851 - Photo 1 118 & 120 Gates St, Lowell MA 01851 - Photo 2 118 & 120 Gates St, Lowell MA 01851 - Photo 3 118 & 120 Gates St, Lowell MA 01851 - Photo 4 118 & 120 Gates St, Lowell MA 01851 - Photo 5 118 & 120 Gates St, Lowell MA 01851 - Photo 6 118 & 120 Gates St, Lowell MA 01851 - Photo 7 118 & 120 Gates St, Lowell MA 01851 - Photo 8 118 & 120 Gates St, Lowell MA 01851 - Photo 9 118 & 120 Gates St, Lowell MA 01851 - Photo 10 118 & 120 Gates St, Lowell MA 01851 - Photo 11 118 & 120 Gates St, Lowell MA 01851 - Photo 12 118 & 120 Gates St, Lowell MA 01851 - Photo 13 118 & 120 Gates St, Lowell MA 01851 - Photo 14 118 & 120 Gates St, Lowell MA 01851 - Photo 15 118 & 120 Gates St, Lowell MA 01851 - Photo 16 118 & 120 Gates St, Lowell MA 01851 - Photo 17 118 & 120 Gates St, Lowell MA 01851 - Photo 18 118 & 120 Gates St, Lowell MA 01851 - Photo 19 118 & 120 Gates St, Lowell MA 01851 - Photo 20 118 & 120 Gates St, Lowell MA 01851 - Photo 21 118 & 120 Gates St, Lowell MA 01851 - Photo 22 118 & 120 Gates St, Lowell MA 01851 - Photo 23 118 & 120 Gates St, Lowell MA 01851 - Photo 24

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