42 Albion Street, Lowell, MA, 01850
Photo 2

$609,000

Active

42 Albion Street

Lowell, MA 01850

5Beds
2Baths
2,109Sq Ft
Built 19252 Family - 2 Units Up/Down0.05 Acres2 Parking3 Stories4 Days on Market

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.

42 Albion Street, Lowell, MA, 01850Open in Maps →
Property Type2 Family - 2 Units Up/Down
Year Built1925
MLS #73562555
StatusActive
Total Rooms11
Stories3
Living Area2,109 sqft
Lot Size0.05 acres
Annual Tax$4,775
Days on Market4
Parking Spaces2

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Mortgage Calculator

$3,838/mo

Principal & Interest$3,079
Property Tax$609
Insurance$150
Home Price$609,000
Down Payment20% ($121,800)

Listing Information

MLS #: 73562555
Source: MLS PIN

Est. Monthly Payment

$3,916/mo

Based on 20% down, 30yr fixed at 6.5%

Principal & Interest$3,084
Property Tax$398