42 Albion Street, Lowell MA 01850
Lowell, MA 01850
$609,000
Est. $3,677/month
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Open House Schedule
16
Aug
Sunday, August 16
12:00 PM - 1:30 PM EDT
15
Aug
Saturday, August 15
11:00 AM - 12:30 PM EDT
About this home
Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,400 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.
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Recently Sold Nearby
Property History
Market Insights
54.8%
Price Range
2
Previous Sales
Property Timeline
Listed for Sale
Aug 12, 2026
$609,000
Original listing
Agent: Dot Collection
Office: Access
Previous Transaction - MLS #73296426
Full transaction history available when tracking began
Previously Sold
Jan 10, 2025
$520,000
MLS #73296426
Previous Transaction - MLS #72510662
Full transaction history available when tracking began
Previously Sold
Sep 23, 2019
$275,000
MLS #72510662
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/12/2026 | 🏠 Listed for Sale | $609,000 | - | - | Original listing |
| 01/10/2025 | 🏷️ Previously Sold | $520,000 | - | - | MLS #73296426 |
| 09/23/2019 | 🏷️ Previously Sold | $275,000 | - | - | MLS #72510662 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,775 | $415,900 |
Financial Details
Annual Property Tax
$4,775
Tax Year 2025
Assessed Value
$415,900
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1925
Living Area
2,109 sq ft
Lot Size
0.05 acres
Stories
3
Bedrooms
5
Full Baths
2
Total Rooms
11
Investment Metrics
Units
2
Unit 1 Rent
$2,000/mo · Y
Unit 2 Rent
$2,400/mo · N
Total Monthly Rent
$4,400/mo
Gross Income
$52,800
Net Operating Income
$52,800
Cap Rate
8.67%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
Disposal, Microwave, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Living Room, Dining Room
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$4,775
Assessed Value
$415,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
white
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1925
Bedrooms
5
Full Bathrooms
2
Living Area
2,109 sq ft
Total Rooms
11
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,109 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Disposal, Microwave, Refrigerator
Interior Features:
Living Room, Dining Room
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1925
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
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
Total Parking Spaces:
2
Parking Features:
Paved Drive
Nearby Schools
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
Elementary Schools
10 schools
St. Michael Elementary School
0.1 mi
Grades PK-08
Lowell Youth Treatment Center
0.3 mi
Grades 01-12
St. Louis Elementary School
0.4 mi
Grades PK-08
Immaculate Conception School
0.6 mi
Grades PK-08
Hellenic American Academy
0.8 mi
Grades PK-08
St. Patrick School and Educational Center
0.8 mi
Grades PK-08
B
Lowell Community Charter Public School
0.8 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
B
Rogers STEM Academy
1.1 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
C
Bartlett Community Partnership School
1.3 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
St. Jeanne D'Arc Elementary School
1.3 mi
Grades PK-08
Middle Schools
7 schools
C-
Henry J Robinson Middle School
0.5 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-
Kathryn P. Stoklosa Middle School
1.2 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
C
James Sullivan Middle School
1.5 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-
Benjamin F. Butler Middle School
1.9 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
Laura Lee Therapeutic Day School
2.0 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
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
B+
James S Daley Middle School
2.5 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
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
0.7 mi
Grades 09-12
F
The Career Academy
1.5 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
1.6 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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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
$200
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Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
42 Albion Street, Lowell MA 01850
Lowell, MA 01850
Listing Information
Listing Agent
Dot Collection
Listing Office
Access
Office Phone
617-825-8000
Agent MLS ID
TM325586
Office MLS ID
AN4691
Listing Data Updated
Aug 12, 2026 12:00 PM 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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