426 Fletcher St, Lowell MA 01854
About this home
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. Sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity.
Sale Statistics
This property sold for 6.2% above the original asking price, indicating strong buyer demand.
With only 14 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
426 Fletcher St, Lowell MA 01854
Lowell, MA 01854
Walkability
Schools
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Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
May 7, 2025Listed for Sale
Feb 19, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/07/2025 | ✓ Sold | $902,500 | - | - | Property sold |
| 02/19/2025 | 🏠 Listed for Sale | $850,000 | - | - | Original listing |