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.
Sold for $902,500
$902,500
426 Fletcher St, Lowell, MA 01854
14beds
3,368sqft
5+ Family - Rooming House
Built in 1870
-- sqft lot
$-- Zestimate®
$268/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 07:54am
Listed by:
Paul Brouillette 978-852-3001,
LAER Realty Partners 978-251-8221
Bought with:
Paul Brouillette
LAER Realty Partners
Source: MLS PIN,MLS#: 73334641
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Appliances
- Included: Washer, Dryer, Range, Refrigerator
Features
- Laundry Room
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,368
- Total interior livable area: 3,368 sqft
- Finished area above ground: 3,368
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Lot
- Size: 6,534 sqft
- Features: Corner Lot
Details
- Parcel number: M:118 B:2340 L:426,3182635
- Zoning: TMF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - Rooming House
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Public School, T-Station, University
Location
- Region: Lowell
HOA & financial
Other financial information
- Total actual rent: 8900
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2025 | Sold | $902,500+6.2%$268/sqft |
Source: MLS PIN #73334641 Report a problem | ||
| 2/19/2025 | Listed for sale | $850,000$252/sqft |
Source: MLS PIN #73334641 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Acre
Nearby schools
GreatSchools rating
- 5/10Charlotte M Murkland Elementary SchoolGrades: PK-4Distance: 0.1 mi
- 7/10Kathryn P. Stoklosa Middle SchoolGrades: 5-8Distance: 0.2 mi
- 4/10Lowell High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Charlotte M.
- Middle: Kathryn P. Stok
- High: Lowell High
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Massachusetts
- Middlesex County
- Lowell
- 01854
- Acre
- 426 Fletcher St