317 Nesmith St., Lowell, MA 01852
317 Nesmith St., Lowell, MA 01852
317 Nesmith St., Lowell, MA 01852
317 Nesmith St., Lowell, MA 01852
317 Nesmith St., Lowell, MA 01852
317 Nesmith St., Lowell, MA 01852
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$ 995,000
Est. payment | /mo

7 Beds

6 Baths

3,131 SqFt


Save
$ 995,000
Est. payment | /mo
Save

7 Beds

6 Baths

3,131 SqFt

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,131 sqft

Price per Sqft $317

MLS Listing ID 73484860

Bedrooms 7

Full Baths 6

Year Built 1920

Annual Tax Amount $8,348

Tax Year 2026

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type 5-9 Family

Property Description

Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!

Location

State MA

County Middlesex

Area Belvidere

Zoning TMF

Direction Use GPS

Rooms

Basement Partial

Interior

Interior Features Laundry Room

Exterior

Community Features Public Transportation, Shopping, Highway Access

Garage No

Building

Lot Description Sloped

Story 5

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Compass

Schools and Properties Nearby

Debi Savard

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317 Nesmith St.