Exceptional 3-family investment opportunity in Lowell’s desirable Pawtucketville neighborhood. This property offers approximately 4,000 sq ft of living space on a 0.18-acre lot. This well-sized multi-family features a total of 7 bedrooms and 3 full bathrooms, with separate utilities for each unit — ideal for investors or owner-occupants seeking rental income. A unit is currently vacant; each unit offers spacious layouts and abundant natural light, while the property provides off-street parking for up to 5-6 vehicles and a private fenced backyard, adding convenience and outdoor space for tenants. Conveniently located near UMass Lowell, public transportation, shopping, restaurants, parks, and major highways, this property is well-positioned for consistent rental demand. A rare opportunity to own a solid income-producing multi-family in an established Lowell neighborhood — perfect for investors or owner-occupants alike.
This home has been viewed 49 times
Last Checked: April 1st, 2026 at 4:29am (Source: MLS PIN #73465467)
Gross Income: $0
Gross Expenses: $8,070
Net Income Calc: $8,070
Annual Expenses for 591 Varnum Ave, Lowell MA 01854
Total Gross Expenses (Calculated)$8,070/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax8070
Annual Income & Unit Breakdown for 591 Varnum Ave, Lowell MA 01854
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
Rent Includes
General Information for 591 Varnum Ave, Lowell MA 01854
Listing ID73465467
Property TypeMulti Family / 3 Family
Price799999 ($197.73/SqFt)
Style3 Family - 3 Units Up/down
CityLowell
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total4046
Approximate Lot Size (Acres)0.18
Total Parking5
Garage Parking0
Year Built1850
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningSSF
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 591 Varnum Ave, Lowell MA 01854
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsNo
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 591 Varnum Ave, Lowell MA 01854
Real Estate Taxes8070
Tax Year2025
Assessed Value$703,000
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 591 Varnum Ave, Lowell MA 01854
Neighborhood(s)
Area Amenities
Contact Information for 591 Varnum Ave, Lowell MA 01854