1 / 31
INVESTMENT SNAPSHOT
About this property
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 $4,400 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.
Property details
| Units | 2 |
| Living area | 2,109 sqft |
| Lot size | 2,178 sqft |
| Year built | 1925 |
| Price / sqft | $289 |
| County | Middlesex |
| MLS # | 73562555 |
Listing status
| Days on market | 0 days |
| Listed on | August 12, 2026 |
Taxes & financials
| Annual property tax | $4,775 |
| Tax year | 2025 |
| Assessed value | $415,900 |
| Zoning | TMF |
| Gross income (actual) | $52,800/yr |
| Net operating income (actual) | $52,800/yr |
| Total actual rent | $4,400/mo |
Building & lot
| Stories | 3 |
| Total rooms | 11 |
| Lot size | 0.05 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive |
| Basement | Full, Unfinished |
| Foundation | Stone |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Disposal, Microwave, Refrigerator |
Location
More about investing in Lowell →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 42 Albion Street, Lowell MA 01850 have?
It is a 2-unit multi-family property with 2,109 sqft of living area, built in 1925.
How long has 42 Albion Street, Lowell MA 01850 been on the market?
42 Albion Street, Lowell MA 01850 has been listed for 0 days (since August 12, 2026).
What is the price per unit?
At a list price of $609,000 across 2 units, that works out to roughly $304,500 per unit.
What are the property taxes on 42 Albion Street, Lowell MA 01850?
Annual property taxes are $4,775 (2025), on an assessed value of $415,900.
What is the price per square foot?
At $609,000 for 2,109 sqft, that's about $289 per square foot.
Is there parking?
2 total parking spaces (paved drive).
Where is this property located?
42 Albion Street, Lowell MA 01850 is in Lowell, Middlesex County, MA 01850.
Similar multi-families
◆ 89
◆ 90
◆ 88