185 Smith St, Lowell MA 01851
Lowell, MA 01851
$783,333
Est. $4,169/month
About this home
Great investment opportunity! Cap Rate 7.52%. This property features long-term tenants, each unit equipped with a stove, refrigerator and laundry room. Extensive renovations made in 2018. It’s being sold as a package deal, which includes 185-187 Smith St (3-family), 189-191 Smith St (3-family) and 193-195 Smith St (3-family) all listed on MLS. 185 -187 Smith and 193-195 Smith buildings are on registered land.
Sale Statistics
Sale Overview
Original List Price:
$850,000
Final Sale Price:
$783,333
Difference:
$66,667 (-7.8%)
Performance Metrics
92.2%
List to Sale Ratio
Sold below asking price
43
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$206
Sale $/sq ft:
$190
This property sold for $190 per square foot
Sale Summary
This property sold for 7.8% below the original asking price.
The property spent 43 days on market before selling.
Facts & Features
Property Overview
Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
12
Full Bathrooms
3
Living Area
4,125 sq ft
Total Rooms
18
Stories
3
Levels
3
Interior Features
Has Fireplace
No
Appliances
Range, Refrigerator
Interior Features
Living Room, Kitchen, Laundry Room
Accessibility Features
Handicapped Equipped
Exterior & Structure
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.05 acres
Lot Size
2,178 sq ft
Lot Size Area
0.0500
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Parking Features
Paved Drive, Other
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$9,367
Tax Year
2024
Tax Assessed Value
$786,500
Parcel Number
M:123 B:5400 L:185,3183540
Zoning
TMF
Financial Data Source
Pro. Forma Available
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Please see attached lead compliance.
Exclusions
Tenants Own Washer & Dryer.
Listing Terms
Contract
Location
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Neighborhood
185 Smith St, Lowell MA 01851
Lowell, MA 01851
Walkability
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Schools
Elementary School
Abraham Lincoln
Middle School
James S. Daley
High School
Lowell High
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$781
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
2.1%
Price Range
35
Total Days on Market
Property Timeline
Sold
Mar 6, 2025
$783,333
Property sold
Days on Market: 35
Listed for Sale
Nov 10, 2024
$799,900
Original listing
Agent: Paul Brouillette
Office: LAER Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/06/2025 | ✓ Sold | $783,333 | - | - | Property sold |
| 11/10/2024 | 🏠 Listed for Sale | $799,900 | - | - | Original listing |