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338 Fairmount St, Lowell MA 01852

$749,999

Estimated $1,793.95/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,999.50

Total Rent: 64200/year

Estimated CAP Rate: 7.50%

7 Bedrooms

2 Full Baths

2,762 SqFt

Total Parking: 4

5,663 SqFt

Beautifully renovated 2-unit property perfect for investors or owner-occupants. Both units feature updated bathroom with LED mirrors, upgraded vinyl flooring throughout, granite countertops, and SS appliances. New plumbing, new electrical, 100-amp panels per unit, plus a 60-amp breaker for future EV chargers. Roof is 3 years old with new windows and skylights. Unit 2 is leased at $2,950 through 6/1/26 with room to increase. First-floor TAW at $2,400 with potential increase. Heating and cooling include mini-splits upstairs and HVAC on the first floor. Off-street parking for 5–6 cars. Lead certificate in hand. Convenient highway location with strong rent roll and excellent upside. Photos taken prior to tenants moving in.

This home has been viewed 4 times

Last Checked: December 14th, 2025 at 5:53am (Source: MLS PIN #73461302)

Gross Income: $64,200

Gross Expenses: $7,934

Net Income Calc: $56,266

CAP Rate: 7.50%

Annual Expenses for 338 Fairmount St, Lowell MA 01852

Total Gross Expenses (Calculated)$7,934/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance$1,000

Management

Miscellaneous

Real Estate Tax$6,934

Annual Income & Unit Breakdown for 338 Fairmount St, Lowell MA 01852

Total Gross Income (Calculated)$64,200

Unit 1

Rental Income$2,400

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$2,950

LeaseY

Bedrooms4

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 338 Fairmount St, Lowell MA 01852

Listing ID73461302

Property TypeMulti Family

Price$749,999 ($271.54/SqFt)

StyleMulti Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,762 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking4

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpaceDeck, Patio

ZoningSSF

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 338 Fairmount St, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner, Not Available

Total Gross Expenses By Broker$1,000

Total Gross Income By Broker$64,200

Total Net Income By Broker$64,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 338 Fairmount St, Lowell MA 01852

Real Estate Taxes$6,934

Tax Year2025

Assessed Value$604,000

Financial Data SourceOwner, Not Available

Total Gross Expenses By Broker$1,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$64,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$64,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.50%

Location Information for 338 Fairmount St, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 338 Fairmount St, Lowell MA 01852

Agent

Name: Prestige Homes Realty Team

Office

Name: Prestige Homes Real Estate, LLC

Phone: 781-944-9500

Team Members

Name: Nicholas T. Pelletier

Phone: 978-995-6936

Payment Calculator

, Interest

Property Taxes 577.83

Principal & Interest 4621.26

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Prestige Homes Real Estate, LLC

Prestige Homes Realty Team

Agent Phone

Office Phone

(781) 944-9500

Text Agent Call Agent Call Office

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                    [index] => 20
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[20] => Array
                (
                    [id] => 182956752
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[21] => Array
                (
                    [id] => 182956753
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[22] => Array
                (
                    [id] => 182956754
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[23] => Array
                (
                    [id] => 182956755
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[24] => Array
                (
                    [id] => 182956756
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[25] => Array
                (
                    [id] => 182956757
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

[26] => Array
                (
                    [id] => 182956758
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73461302&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2025-12-14 05:53:55
                    [modified] => 2025-12-14 05:53:55
                )

)

)

EXIT