Description
Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.
Details
| MLS # | 73511911 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1880 |
| Days On Site | 141 |
| Listing Provided By | RE/MAX Innovative Properties | Raymond Boutin |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,406 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | USF |
| Acreage | 0.05 |
Interior
| Rooms Total | 10 |
|---|---|
| Interior Features | Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Living Room, Kitchen |
| Appliances | Range, Refrigerator, Range Hood |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Laminate, Hardwood |
Exterior
| Roof | Shingle, Asphalt/Composition Shingles |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Stone |
| Lot Features | Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
| Open Parking Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 5133 |
|---|---|
| Tax Assessed Value | 447100 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Medical Facility, Laundromat, House of Worship, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Middlesex |
| City | Lowell |
| Zip Code | 01854 |
| Area | Middlesex |
| School District | Lps Or Glths |
| Elementary School | Lps |
| High School | Lps Or Glths |
| Listing VS Median (in 01854) | |
Price: $649,900 low | high Med: $469,900 sqft: 2,406 low | high Med: 2,275 $ / sqft: $270 low | high Med: $207 On site: 141 low | high Med: 2428 | |
Market Activity 01854
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Learn More About This Property
| State | MA |
|---|---|
| County | Middlesex |
| City | Lowell |
| Zip Code | 01854 |
| Area | Middlesex |
| School District | Lps Or Glths |
| Elementary School | Lps |
| High School | Lps Or Glths |
| Listing VS Median (in 01854) | |
Price: $649,900 low | high Med: $469,900 sqft: 2,406 low | high Med: 2,275 $ / sqft: $270 low | high Med: $207 On site: 141 low | high Med: 2428 | |
