INNOVATE Real Estate
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 2 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 3 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 4 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 5 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 6 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 7 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 8 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 9 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 10 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 11 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 12 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 13 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 14 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 15 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 16 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 17 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 18 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 19 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 20 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 21 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 22 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 23 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 24 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 25 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 26 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 27 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 28 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 29 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 30 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 31 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 32 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 33 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 34 of 35
3 Family - 3 Units Up/Down at 31-33 Bourne Street, Lowell MA 01852, Lowell, photo 35 of 35
35 photos

$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
50
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

Get directions →
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

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

Walkability

Blended score for Lowell's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks16
Schools13
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Lowell, from live MLS data.

On the market 50 days -- 38 fewer days than Lowell's current average of 88 days.
For reference, the median list price across 578 active listings in Lowell right now is $399,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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

Similar homes you might like

89 Third St, Lowell MA 01850
New
$819,999
89 Third St, Lowell MA 01850
Lowell, 01850
9 bd·3 ba·3,248 sqft
1 day on market
Listed by Marcos Leite
243 Appleton St, Lowell MA 01852
New
$795,000
243 Appleton St, Lowell MA 01852
Lowell, 01852
6 bd·3 ba·2,749 sqft
1 day on market
Listed by Nellie Aikenhead
60-62 4th St, Lowell MA 01850
$759,900
60-62 4th St, Lowell MA 01850
Lowell, 01850
8 bd·3 ba·3,458 sqft
8 days on market
Listed by Robert V. Ciccarelli
205 Stackpole Street, Lowell MA 01852
$775,000
205 Stackpole Street, Lowell MA 01852
Lowell, 01852
6 bd·3 ba·2,955 sqft
14 days on market
Listed by Tony Ducharme
94-96 Crawford Street, Lowell MA 01854
$760,000
94-96 Crawford Street, Lowell MA 01854
Lowell, 01854
6 bd·2 ba·2,818 sqft
15 days on market
Listed by Priscilla T. Durand
305 Nesmith St, Lowell MA 01852
$865,000
305 Nesmith St, Lowell MA 01852
Lowell, 01852
7 bd·3 ba·3,426 sqft
20 days on market
Listed by Kenneth Purtell
63-65 Lakeview, Lowell MA 01850
$745,000
63-65 Lakeview, Lowell MA 01850
Lowell, 01850
6 bd·4.5 ba·3,588 sqft
22 days on market
Listed by Dorianne Alexandropoulos
51 Hampshire St, Lowell MA 01850
$719,900
51 Hampshire St, Lowell MA 01850
Lowell, 01850
7 bd·2 ba·2,832 sqft
24 days on market
Listed by Felix Gutierrez

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 23, 2026.

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.