18 Auburn Street, Lowell MA 01852
Lowell, MA 01852
$1,060,000
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Sale Statistics
Sale Overview
Original List Price:
$1,050,000
Final Sale Price:
$1,060,000
Difference:
+$10,000 (+1.0%)
Performance Metrics
101.0%
List to Sale Ratio
Sold above asking price
1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:
$121
Sale $/sq ft:
$122
This property sold for $122 per square foot
Sale Summary
This property sold for 1.0% above the original asking price, indicating strong buyer demand.
With only 1 days on market, this was a quick sale compared to typical market conditions.
About this home
Don't miss this unique 6 unit investment opportunity with great cash flow in an ideal commuting location .3 miles from commuter rail and .1 miles from highway. Significant updates made recently including new roof and all hot water tanks in 2019. Very spacious units each with a living room, kitchen, walk-in pantry, 3 large bedrooms, and a full bath. Building is vinyl sided, with mostly vinyl replacement windows. Separate heat and electric for each unit with utilities paid by tenants. Units are heated by gas, with gas space heater in LR. Sale includes 4 refrigerators & 5 gas ranges. Rents are well under published HUD fair market rents for 3 bedroom units in the city.
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Recently Sold Nearby
Property History
Market Insights
0.9%
Price Range
2
Total Days on Market
Property Timeline
Sold
Mar 30, 2022
$1,060,000
Property sold
Days on Market: 2
Listed for Sale
Jan 14, 2022
$1,050,000
Original listing
Agent: Steve Leavey
Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/30/2022 | ✓ Sold | $1,060,000 | - | - | Property sold |
| 01/14/2022 | 🏠 Listed for Sale | $1,050,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2021 | $8,283 | $615,400 |
Financial Details
Annual Property Tax
$8,283
Tax Year 2021
Assessed Value
$615,400
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
8,673 sq ft
Lot Size
0.11 acres
Bedrooms
18
Full Baths
6
Total Rooms
36
Investment Metrics
Units
6
Unit 1 Rent
$1,500/mo · N
Unit 2 Rent
$1,600/mo · N
Unit 3 Rent
$1,500/mo · N
Unit 4 Rent
$1,600/mo · N
Total Monthly Rent
$6,200/mo
Gross Income
$110,400
Net Operating Income
$84,017
Operating Expenses
$26,383
Water/Sewer Expense
$8,000
Electric Expense
$500
Insurance Expense
$3,000
Cap Rate
8.00%
Interior
Heating
Natural Gas, Space Heater
Cooling
None
Flooring
Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Dirt Floor
Laundry
None
Features
Ceiling Fan(s), Pantry, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,283
Assessed Value
$615,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Property Also Known As 18-24 Auburn Street. Laundry Hookups In Units. All Laundry Appliances Property Of Tenants. Showings Start By Appointment Monday 1/17 At 2pm.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
2 days
Property Overview
Property Type
5-9 Family
Listing Type
Sold
Year Built
1900
Bedrooms
18
Full Bathrooms
6
Living Area
8,673 sq ft
Total Rooms
36
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Ceiling Fan(s), Pantry, Living Room, Kitchen
Windows:
Basement:
Full, Dirt Floor
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Natural Gas, Space Heater
Heating Zones:
6
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Lowell School District local
C-
School Safety
2024-25
3.0%
Above Average
2.8%
Suspensions
0.8%
In-School
0.2%
Emergency
2.5% below state avg
Elementary Schools
10 schools
B
Rogers STEM Academy
0.1 mi
|
#8 of 16
|
Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students
Diverse
Rising School
Diverse Student Body
Grades K-08
B
Lowell Community Charter Public School
0.4 mi
|
#158 of 352
|
Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
Immaculate Conception School
0.6 mi
Grades PK-08
Hellenic American Academy
0.7 mi
Grades PK-08
St. Patrick School and Educational Center
0.9 mi
Grades PK-08
St. Michael Elementary School
1.1 mi
Grades PK-08
Lowell Youth Treatment Center
1.2 mi
Grades 01-12
C
Bartlett Community Partnership School
1.2 mi
|
#266 of 352
|
Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-08
B
Pyne Arts School
1.2 mi
|
#174 of 352
|
Score: 42.6
Improved 52 spots from last year
-15.6 below state avg
462 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Louis Elementary School
1.4 mi
Grades PK-08
Middle Schools
7 schools
C-
Benjamin F. Butler Middle School
0.8 mi
|
#303 of 352
|
Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students
Very Diverse
Diverse Student Body
Grades 05-08
B-
Kathryn P. Stoklosa Middle School
1.0 mi
|
#198 of 352
|
Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students
Diverse
Diverse Student Body
Grades 05-08
Laura Lee Therapeutic Day School
1.1 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
C
James Sullivan Middle School
1.4 mi
|
#267 of 352
|
Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C-
Henry J Robinson Middle School
1.6 mi
|
#288 of 352
|
Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
1.7 mi
|
#120 of 352
|
Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C
Dr. An Wang School
2.3 mi
|
#255 of 352
|
Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students
Very Diverse
Rising School
Diverse Student Body
Grades 05-08
High Schools
4 schools
F
Lowell Middlesex Academy Charter School
0.6 mi
|
#339 of 346
|
Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 09-12
F
The Career Academy
0.8 mi
|
#25 of 25
|
Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students
Diverse
Rising School
Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
0.9 mi
Grades 09-12
D
Leblanc Therapeutic Day School
1.2 mi
|
#376 of 346
|
Score: 32.8
Same rank as last year
36 students
Diverse
Diverse Student Body
Grades 09-12
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Location
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Neighborhood
18 Auburn Street, Lowell MA 01852
Lowell, MA 01852
Listing Information
Listing Agent
Steve Leavey
Listing Office
Berkshire Hathaway HomeServices Commonwealth Real Estate
Office Phone
508-655-1211
Agent MLS ID
BB910788
Office MLS ID
AN4884
Listing Data Updated
Apr 3, 2022 1:14 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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