$995,000

317 Nesmith St., Lowell, MA 01852

  • 7 beds |
  • 6 baths |
  • 3,131 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $318/sqft
  • Property List Date Icon Listed 1 month ago

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!

Listing Status:
Active
Date Added:
March 10, 2026
Data Last Updated:
May 8, 2026 at 7:08PM
Listing Office:
Compass : 781-534-9229
Listing Agent:
Nick Cowden : 781-307-2726
MLS ID:
73484860
  • General: Laundry Room
  • Basement: Partial
  • Fireplace: Fireplaces: 0
  • Parking: Parking spaces: 0
  • General: 5Concrete Perimeter
  • Originating MLS: MLS Property Information Network
  • County: Middlesex
  • Zoning: TMF3194892
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Nick Cowden , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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