171 Powell St, Lowell MA 01851
Lowell, MA 01851
$700,000
Est. $3,726/month
About this home
Excellent investment or owner-occupied opportunity! This 4-unit property offers a strong Investor Cap Rate of 8.34%. Conveniently located near restaurants and shopping, within walking distance to a pharmacy, and offering easy access to highways. Just 1 mile from the Lowell MBTA station. 2 furnaces in cellar for 1st fl and 2 furnaces in the attic for 2nd fl. Includes 4 off-street parking spaces. Property has been managed by same Company for over 60 years. Low turnover, long term tenants. Some Section 8 Leases in place.
Sale Statistics
Sale Overview
Original List Price:
$750,000
Final Sale Price:
$700,000
Difference:
$50,000 (-6.7%)
Performance Metrics
93.3%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$224
Sale $/sq ft:
$209
This property sold for $209 per square foot
Sale Summary
This property sold for 6.7% below the original asking price.
With only 25 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1900
Full Bathrooms
4
Living Area
3,353 sq ft
Total Rooms
12
Stories
4
Levels
4
Interior Features
Has Fireplace
No
Appliances
Washer, Dryer, Range, Refrigerator
Interior Features
Living Room, Kitchen
Exterior & Structure
Foundation
Other
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.09 acres
Lot Size
3,920 sq ft
Lot Size Area
0.0900
Lot Features
Corner Lot
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$6,292
Tax Year
2024
Tax Assessed Value
$528,300
Tax Lot
171
Tax Block
4745
Tax Map Number
124
Parcel Number
M:124 B:4745 L:171,3183818
Zoning
TTF
Financial Data Source
Accountant, Pro. Forma Available
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Location
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Neighborhood
171 Powell St, Lowell MA 01851
Lowell, MA 01851
Walkability
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Schools
Elementary School
Ab. Lincoln Ele
Middle School
James S. Daley
High School
Lowell High
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$524
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
6.7%
Price Range
26
Total Days on Market
Property Timeline
Sold
Apr 2, 2025
$700,000
Property sold
Days on Market: 26
Listed for Sale
Feb 19, 2025
$750,000
Original listing
Agent: Paul Brouillette
Office: LAER Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/02/2025 | ✓ Sold | $700,000 | - | - | Property sold |
| 02/19/2025 | 🏠 Listed for Sale | $750,000 | - | - | Original listing |