47 Mount Vernon, Lowell MA 01854
About this home
Fantastic opportunity for an owner-occupant or investor! This spacious three-family home in a prime Lowell location is just minutes from downtown, , the Merrimack River, major highways, and walking distance to UMass Lowell. The first-floor unit is currently owner-occupied and will be delivered vacant at closing, offering flexibility for a new owner or rental potential. The second and third-floor units are occupied by long-term tenants (TAW) who wish to stay, providing immediate rental income. Rents are currently below market value, presenting great upside potential. Each unit has separate utilities, with the owner covering the water bill. The property also features a garage for extra storage and the ability to hold one car inside. The property includes two parking spots currently used by the owner, plus one designated street parking spot per unit. Group showings ONLY Thursday, April 3, from 5:30PM – 7:00PM, and Saturday, April 5, from 12:00PM – 2:00PM. SOLD AS-IS.
Sale Statistics
This property sold for 1.5% above the original asking price, indicating strong buyer demand.
With only 21 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
47 Mount Vernon, Lowell MA 01854
Lowell, MA 01854
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Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Jun 9, 2025Listed for Sale
Apr 1, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/09/2025 | ✓ Sold | $750,000 | - | - | Property sold |
| 04/01/2025 | 🏠 Listed for Sale | $739,000 | - | - | Original listing |