197-199 Powell St, Lowell MA 01851

Lowell, MA 01851
$880,000
Est. $4,684/month
9
Beds
3
Baths
4,275
Sq Ft
$206
Price/Sq Ft
0.27
Acres
1890
Year Built
3 Family
Type
2
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73202913

About this home

Welcome to this charming and lucrative investment opportunity nestled in the heart of Lowell, Massachusetts. This outstanding three-family home is now available for sale after 30 years and boasts not only full occupancy but also a plethora of desirable features that promise both comfort and potential for its new owner. Whether you're an astute investor looking to expand your portfolio or a savvy homeowner seeking an income-generating property, this three-family home presents an exceptional opportunity not to be missed. With its fully occupied status, expansive fenced-in lot, and rare four-car detached garage, this property is the one you've been seeking. All three units have separate electric and gas metering. Don't let this gem slip through your fingers. Check it out this weekend from 12-2 on Saturday and Sunday! Offer deadline Sunday at 8pm to be reviewed Monday morning.

Sale Statistics

Sale Overview
Original List Price: $800,000
Final Sale Price: $880,000
Difference: +$80,000 (+10.0%)
Performance Metrics
110.0%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $187
Sale $/sq ft: $206
This property sold for $206 per square foot
Sale Summary

This property sold for 10.0% above the original asking price, indicating strong buyer demand.

With only 2 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1890
Bedrooms
9
Full Bathrooms
3
Living Area
4,275 sq ft
Total Rooms
18
Stories
3
Levels
3

Interior Features

Heating
Natural Gas
Has Heating
Yes
Has Fireplace
No
Interior Features
Mudroom
Basement Details
Unfinished
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Rubber
Foundation
Stone
Fencing
Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.27 acres
Lot Size
11,878 sq ft
Lot Size Area
0.2700
Lot Features
Corner Lot
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Garage Spaces
3
Has Garage
Yes
Total Non-Garage Parking Spaces
3
Parking Features
Off Street, On Street
Covered Parking Spaces
3

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Medical Facility, Highway Access
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,349
Tax Year
2023
Tax Assessed Value
$672,200
Parcel Number
M:124 B:4745 L:197
Zoning
TTF

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Additional $65, $55 and $40 per month is paid for garage bay rentals by tenants.
Exclusions
1st Floor Tenant Owns Her Refrigerator And The Handicap Ramp.

Location

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Neighborhood

197-199 Powell St, Lowell MA 01851

Lowell, MA 01851

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $696
Homeowners Insurance $200
PMI $0

Property History

Market Insights

9.1%
Price Range
4
Total Days on Market

Property Timeline

âś“
Sold
Mar 19, 2024
$880,000
Property sold
Days on Market: 4
🏠
Listed for Sale
Feb 16, 2024
$800,000
Original listing
Agent: Silver Key Homes Group Office: LAER Realty Partners

Price & Status History

Date Event Price Change
Feb 16, 2024 New Listing Added $800,000 —

Market Statistics

Days on Market
2 days
Price per Sq Ft
$206

Tax History

Year Taxes Assessment
2023 $8,349 $672,200

Financial Details

Annual Property Tax
$8,349
Tax Year 2023
Assessed Value
$672,200

Listing Information

Listing Agent Silver Key Homes Group
Listing Office LAER Realty Partners
Agent MLS ID TM330783
Office MLS ID AN5706

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197-199 Powell St, Lowell MA 01851 - Photo 1 197-199 Powell St, Lowell MA 01851 - Photo 2 197-199 Powell St, Lowell MA 01851 - Photo 3 197-199 Powell St, Lowell MA 01851 - Photo 4 197-199 Powell St, Lowell MA 01851 - Photo 5 197-199 Powell St, Lowell MA 01851 - Photo 6 197-199 Powell St, Lowell MA 01851 - Photo 7

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