Great opportunity to own a key piece of property right on the corner of University Ave & Gershom Ave. Two buildings on one deed, totaling 6 x 4 bedroom units, all with a similar layout. Four units are 4 bdrm/1 bath and two units are 4 bdrm/2 baths. All units are separately metered with tenants being responsible for payment of own electric, heat, hot water and cooking gas. Parking is on street by residential sticker. Laundromat is two doors over. Expansion potential on top level in each building, but one would need to go through the proper city planning and permitting procedures to pursue this option. This a well maintained property by an active owner, with a strong rental history and potential to increase rents. One unit is vacant and unit rent is estimated.
This home has been viewed 12 times
Last Checked: December 6th, 2025 at 6:03pm (Source: MLS PIN #73460353)
Gross Income: $127,200
Gross Expenses: $31,175
Net Income Calc: $96,025
CAP Rate: 4.57%
Annual Expenses for 130 University Avenue, Lowell MA 01854
Total Gross Expenses (Calculated)$31,175/year
APOD AvailableYes
Heating
Electricity$737
Water$5,260
Gas$5,260
Insurance$5,321
Sewer$5,260
Trash Removal$4,879
Repair & Maintenance$420
Management
Miscellaneous
Real Estate Tax$14,558
Annual Income & Unit Breakdown for 130 University Avenue, Lowell MA 01854
Total Gross Income (Calculated)$127,200
Unit 1
Rental Income$2,600
LeaseY
Bedrooms4
Bathrooms4 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,800
LeaseN
Bedrooms4
Bathrooms4 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$2,600
LeaseY
Bedrooms4
Bathrooms4 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$2,600
LeaseY
Bedrooms4
Bathrooms4 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
General Information for 130 University Avenue, Lowell MA 01854
Listing ID73460353
Property TypeMulti Family / 5+ Family
Price$2,100,000 ($522.78/SqFt)
Style5-9 Family
CityLowell
CountyMiddlesex
MLS AreaPawtucketville
Neighborhood(s)
Approximate Living Area Total4,017 SqFt
Approximate Lot Size (Acres)0.1 acres
Total Parking0
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsUnknown/Mixed
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionIrregular
Accessible Features
Outdoor SpacePorch
ZoningTMU
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 130 University Avenue, Lowell MA 01854
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureNeither agent nor owner have measured living space
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$16,617
Total Gross Income By Broker$196,800
Total Net Income By Broker$165,625
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 130 University Avenue, Lowell MA 01854
Real Estate Taxes$14,558
Tax Year2025
Assessed Value$1,298,800
Financial Data SourceOwner
Total Gross Expenses By Broker$16,617
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$196,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$165,625
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.57%
Location Information for 130 University Avenue, Lowell MA 01854
Elementary SchoolLowell Public
Middle SchoolLowell Public
High SchoolLowell Public
Neighborhood(s)
MLS AreaPawtucketville
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Medical Facility, Laundromat, Public Transportation, T-station, Private School, University
Contact Information for 130 University Avenue, Lowell MA 01854