Owner occupied and investors take note! This 3-family property in Lowell's Back Central neighborhood is a fantastic opportunity. With long-term, at-will tenants in place and below-market rents, there's great potential for future value appreciation. A brand-new roof (January 2025) was just installed, separate utilities per unit, and common use front patio. The property also features off-street parking for 4 cars, a backyard, with a prime location near local amenities, highways, and the commuter rail. Don't miss out on this promising investment! Showings start at open house.
Sale Statistics
Sale Overview
Original List Price:$685,900
Final Sale Price:$734,000
Difference:
+$48,100 (+7.0%)
Performance Metrics
107.0%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$252
Sale $/sq ft:$270
This property sold for $270 per square foot
Sale Summary
This property sold for 7.0% above the original asking price, indicating strong buyer demand.
With only 19 days on market, this was a quick sale compared to typical market conditions.
Balcony, Rain Gutters, Varies per Unit, Fruit Trees, Stone Wall
Patio/Porch Features
Deck - Wood, Patio
Fencing
Fenced
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
Gentle Sloping
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, Tandem, Paved
Utilities & Systems
Utilities Available
for Gas Range, Varies per Unit
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered, Varies per Unit
Energy Efficient Features
Varies per Unit
Community & HOA
Community Features
Public Transportation, Park, Medical Facility, Laundromat, House of Worship, Public School, University, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,184
Tax Year
2024
Tax Assessed Value
$603,200
Tax Lot
321
Tax Block
3520
Tax Map Number
181
Parcel Number
M:181 B:3520 L:321
Zoning
TMF
Financial Data Source
Not Available
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
New Roof was installed January 2025. Monthly Rent displayed is the current market value, actual monthly rent for Unit 1 $1500, Unit 2 $1, 700, Unit 3 $1700. All units are TAW and good long term tenants.
Listing Terms
Contract
Location
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Neighborhood
321-323 Lawrence St, Lowell MA 01852
Lowell, MA 01852
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$599
Homeowners Insurance$200
PMI$0
Property History
Market Insights
6.6%
Price Range
21
Total Days on Market
Property Timeline
✓
Sold
Apr 9, 2025
$734,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Feb 6, 2025
$685,900
Original listing
Agent: Giselle PajazetovicOffice: Pajazetovic & Company
