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Pending

382 University Avenue, Lowell MA 01852

$1,085,000

Estimated $2,498.32/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $217,000

Total Rent: 84300/year

Estimated CAP Rate: 6.95%

10 Bedrooms

5 Full Baths

4,458 SqFt

Total Parking: 5

5,662 SqFt

The University Avenue Apartments consists of 5 units and is comprised of 1-3 bedroom unit, 3-2 bedroom units and 1-1 bed unit. Tenants enjoy coin-operated laundry and off-street parking in a highly desirable area of Lowell located just a half a mile to UMASS North Campus. New owner has the ability to renovate the current units and increase the rents which are roughly 20% under market. All interested and qualified parties can tour the building and obtain additional information upon request. This building can be sold individually or as a package with 380 University Avenue.

This home has been viewed 31 times

Last Checked: November 18th, 2025 at 8:29am (Source: MLS PIN #73451020)

Gross Income: $84,300

Gross Expenses: $8,868

Net Income Calc: $75,432

CAP Rate: 6.95%

Annual Expenses for 382 University Avenue, Lowell MA 01852

Total Gross Expenses (Calculated)$8,868/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,868

Annual Income & Unit Breakdown for 382 University Avenue, Lowell MA 01852

Total Gross Income (Calculated)$84,300

Unit 1

Rental Income$1,915

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,550

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$1,560

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 382 University Avenue, Lowell MA 01852

Listing ID73451020

Property TypeMulti Family / 5+ Family

Price$1,085,000 ($243.38/SqFt)

Style5-9 Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,458 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5

Garage Parking

Year Built1940

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBrick/Mortar,Irregular

Accessible Features

Outdoor Space

Zoning1110

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 382 University Avenue, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$107,064

Total Net Income By Broker$107,064

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 382 University Avenue, Lowell MA 01852

Real Estate Taxes$8,868

Tax Year2025

Assessed Value$772,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$107,064

BostonRealEstate.com Gross Income

Total Net Income By Broker$107,064

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.95%

Location Information for 382 University Avenue, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 382 University Avenue, Lowell MA 01852

Agent

Name: Drew Kirkland

Office

Name: Northeast Private Client Group, LLC

Phone: 857-990-6800

Team Members

Name: James Casey

Phone: 413-896-3060

Name: Francis Saenz

Phone: 857-990-6803

Payment Calculator

, Interest

Property Taxes 739

Principal & Interest 6685.42

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Northeast Private Client Group, LLC

Drew Kirkland

Agent Phone

Office Phone

(857) 990-6800

Text Agent Call Agent Call Office

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[last_sync_date] => 2025-11-18 08:29:54
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[lead_paint] => Array
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            [phone] => 857-990-6800
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
        (
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[perc_test] => Array
        (
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[perc_test_date] => Unknown
    [pet_policy] => Array
        (
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    [pool_features] => Array
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    [price_per_unit] => 217000
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    [senior_community] => No
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[sewer_expense] => Array
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[short_sale] => 
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[terms] => Array
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[uffi] => Array
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        )

[utilities] => Array
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[water] => Array
        (
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[water_expense] => Array
        (
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[water_views] => Array
        (
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[water_views_features] => Array
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    [waterfront_features] => Array
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EXIT

Pending

382 University Avenue, Lowell MA 01852

$1,085,000

Annual Expenses for 382 University Avenue, Lowell MA 01852

Annual Income & Unit Breakdown for 382 University Avenue, Lowell MA 01852

General Information for 382 University Avenue, Lowell MA 01852

Disclosures for 382 University Avenue, Lowell MA 01852

Financial Information for 382 University Avenue, Lowell MA 01852

Location Information for 382 University Avenue, Lowell MA 01852

Contact Information for 382 University Avenue, Lowell MA 01852

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Northeast Private Client Group, LLC

Drew Kirkland