$579,000
 $3,108 est/mo Sourced by Back At You

42 Albion Street,Lowell, MA 01850

Lowell, MA 01850

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Description

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 $4,670 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.

Details

MLS #73562555
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1925
Days On Site46
Listing Provided ByAccess | Dot Collection

Features

Bed(s)5
Bath(s) 2 Total
SQ Feet2,109
BasementY
Story(s)3
Units2
ZoningTMF
Acreage0.05

Interior

Rooms Total11
Interior FeaturesLiving Room, Dining Room
AppliancesDisposal, Microwave, Refrigerator
Fireplaces Total0
Fireplace Yes / NoNo

Exterior

Foundation DetailsStone

Parking

Garage Yes / NoNo
Parking FeaturesPaved Drive
Open Parking Yes / NoYes

Utilities

SewerPublic Sewer

Taxes

Tax Annual Amount4775
Tax Assessed Value415900
Tax Year2025

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyMiddlesex
CityLowell
Zip Code01850
AreaMiddlesex
Listing VS Median (in 01850)
Price:
$579,000
low | high
Med:
$535,000
57.599309153713% of Average
sqft:
2,109
low | high
Med:
3,592
20.31768610716% of Average
$ / sqft:
$275
low | high
Med:
$149
95.74803535779% of Average
On site:
46
low | high
Med:
128
35.9375% of Average
Sourced by Back At You

Market Activity 01850

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Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateMA
CountyMiddlesex
CityLowell
Zip Code01850
AreaMiddlesex
Listing VS Median (in 01850)
Price:
$579,000
low | high
Med:
$535,000
57.599309153713% of Average
sqft:
2,109
low | high
Med:
3,592
20.31768610716% of Average
$ / sqft:
$275
low | high
Med:
$149
95.74803535779% of Average
On site:
46
low | high
Med:
128
35.9375% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $434K - $723K
sqft: 1,500 - 2,500
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Listing Updated: September 9, 2026 at 5:33:46 PM PDT