Kimberly Sue Tatro
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3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell
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$887,500

31-33 Bourne Street, Lowell MA 01852
Lowell, MA 01852
Listed by Michael Alvarez
Bedrooms
9
Bathrooms
3
Living area
3,900 sqft
Year built
1910

About this home

Well-maintained 3-unit multifamily offering in Lowell’s established South Lowell neighborhood, featuring three spacious 3BR/1BA apartments and approximately 3,900 SF of living area. Two of the three units will be delivered vacant and move-in ready at closing, offering immediate flexibility for an investor or owner-occupant to lease, occupy, or further improve. Recent capital improvements include a newer EPDM rubber roof (2022), refinished hardwood flooring, new luxury vinyl plank flooring, updated bathroom vanities, and newer appliances in the first- and second-floor units. Additional features include in-unit washer/dryer hookups, usable yard space, separately metered forced hot-air gas heating, and updated electrical service, helping minimize landlord-paid utility expenses. Additional value-add potential may exist to reconfigure existing 3BR layouts into 4BR units, subject to applicable approvals and permitting. Conveniently located near Downtown Lowell with quick access to the Lowell Connector, Route 3, I-495, LRTA service, MBTA commuter rail, shopping, dining, parks, and major employment and educational centers. A compelling opportunity combining immediate vacancy, recent improvements, efficient utilities, and long-term income-growth potential.

Property details

MLS #
73565786
Property type
3 Family - 3 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
8
On market date
August 19, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.09 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
John J Shaughnessy
0.36 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
461
Student:teacher ratio
12.5:1
District
Lowell
Middle
B.F. Butler Middle School
0.29 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
515
Student:teacher ratio
12.6:1
District
Lowell
High
Leblanc Therapeutic Day School
0.95 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
39
Student:teacher ratio
4.9:1
District
Lowell

Mortgage calculator

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Est. monthly payment
$5,495/mo
$177,500 down
$710,000 loan
Principal & interest$4,605
Property tax (est.)$740
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 4 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.