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42 Albion Street, Lowell MA 01850
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$609,000

42 Albion Street, Lowell MA 01850
Lowell, MA 01850
Listed by Dot Collection
Bedrooms
5
Bathrooms
2
Living area
2,109 sqft
Year built
1925

About this home

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.

Property details

MLS #
73562555
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
8
On market date
August 12, 2026
Stories
3
Garage spaces
N/A
Lot size
0.05 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Greenhalge
0.42 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
465
Student:teacher ratio
12.2:1
District
Lowell
Middle
Henry J Robinson Middle
0.5 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
635
Student:teacher ratio
13.2:1
District
Lowell
High
Lowell High
0.45 mi away · Grades 9-12
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
3,056
Student:teacher ratio
14.0:1
District
Lowell

Mortgage calculator

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Est. monthly payment
$3,817/mo
$121,800 down
$487,200 loan
Principal & interest$3,160
Property tax (est.)$508
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.