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8 Cherry St, Lowell MA 01852

Lowell, MA 01852
$960,000
12
Beds
6
Baths
4,334
Sq Ft
$222
Price/Sq Ft
0.05
Acres
1920
Year Built
18
Days on Market
Closed Listed Mar 4, 2022 • MLS# 72949080 Copied! • Updated Jun 7, 2022

Sale Statistics

Sale Overview
Original List Price: $850,000
Final Sale Price: $960,000
Difference: +$110,000 (+12.9%)
Performance Metrics
112.9%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $196
Sale $/sq ft: $222
This property sold for $222 per square foot
Sale Summary

This property sold for 12.9% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

About this home

Great bones and even better systems, this straight forward 6 family with two bedrooms per unit is set up to operate with low maintenance needed. Ready for an investor to step in, rent out the units at fair market value to tenants of their choice and start collecting cash flow. Property will be delivered with one tenant in the building. Updated systems, electrical, fire alarm monitoring, security cameras and 3 out of the 6 units have been updated in the last 5 years. Parking on Chapel and Linden St as well as public transportation within walking distance from the building.

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Recently Sold Nearby

Property History

Market Insights

24.4%
Price Range
20
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73528099
Full transaction history available when tracking began
🏡
Currently Listed
Jun 2, 2026
$1,125,000
MLS #73528099 - Active
Previous Transaction - MLS #73444131
Full transaction history available when tracking began
🏷️
Previously Sold
Dec 8, 2025
$875,000
MLS #73444131
Sold
May 19, 2022
$960,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Mar 4, 2022
$850,000
Original listing
Agent: Patrick Hermans Office: J. Borstell Real Estate, Inc.

Tax History

Year Taxes Assessment
2021 $8,285 $615,600

Financial Details

Annual Property Tax
$8,285
Tax Year 2021
Assessed Value
$615,600

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1920
Living Area 4,334 sq ft
Lot Size 0.05 acres
Bedrooms 12
Full Baths 6
Total Rooms 24

Investment Metrics

Units 6
Unit 1 Rent $1,275/mo · N
Unit 2 Rent — · N
Unit 3 Rent — · N
Unit 4 Rent — · N
Total Monthly Rent $1,275/mo
Gross Income $15,300
Net Operating Income $6,579
Operating Expenses $8,721
Water/Sewer Expense $1,800
Electric Expense $480
Insurance Expense $4,176
Cap Rate 0.77%
Heating Baseboard
Cooling None
Flooring Vinyl
Appliances Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Living Room, Kitchen
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $8,285
Assessed Value $615,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Seller Is Doing A 1031 Exchange
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures pulled from Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 20 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
12
Full Bathrooms
6
Living Area
4,334 sq ft
Total Rooms
24
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Vinyl
Appliances: Range, Refrigerator
Interior Features: Living Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating: Baseboard
Heating Zones: 6
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features: Paved Drive
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
E

Elementary Schools

10 schools
B
Rogers STEM Academy
0.2 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
0.3 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
0.6 mi
Grades PK-08
St. Patrick School and Educational Center
0.8 mi
Grades PK-08
St. Michael Elementary School
1.0 mi
Grades PK-08
Lowell Youth Treatment Center
1.1 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
1.3 mi
Grades PK-08
M

Middle Schools

7 schools
C-
Benjamin F. Butler Middle School
0.9 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
1.3 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
1.5 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
1.8 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
H

High Schools

4 schools
F
Lowell Middlesex Academy Charter School
0.5 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
Old Colony Y Lowell Revocation Program
0.8 mi
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
D
Leblanc Therapeutic Day School
1.1 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

8 Cherry St, Lowell MA 01852

Lowell, MA 01852

Listing Information

Listing Agent Patrick Hermans
Listing Office J. Borstell Real Estate, Inc.
Office Phone 978-502-8045
Agent MLS ID CN225762
Office MLS ID G80038
Listing Data Updated Jun 7, 2022 11:50 AM 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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