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492 Fletcher St, Lowell MA 01854

$649,900

Estimated $1,482/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $324,950

Total Rent: 52800/year

Estimated CAP Rate:

6 Bedrooms

Baths

2406

Total Parking: 0

2,178 (0.05)

Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.

This home has been viewed 8 times

Last Checked: May 4th, 2026 at 9:23am (Source: MLS PIN #73511911)

Gross Income: $52,800

Gross Expenses: $5,133

Net Income Calc: $47,667

Water Views

Annual Expenses for 492 Fletcher St, Lowell MA 01854

Total Gross Expenses (Calculated)$5,133/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5133

Annual Income & Unit Breakdown for 492 Fletcher St, Lowell MA 01854

Total Gross Income (Calculated)$52,800

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 492 Fletcher St, Lowell MA 01854

Listing ID73511911

Property TypeMulti Family

Price649900 ($270.12/SqFt)

StyleMulti Family

CityLowell

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2406

Approximate Lot Size (Acres)0.05

Total Parking0

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningUSF

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 492 Fletcher St, Lowell MA 01854

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher

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 492 Fletcher St, Lowell MA 01854

Real Estate Taxes5133

Tax Year2025

Assessed Value$447,100

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 492 Fletcher St, Lowell MA 01854

Elementary SchoolLps

Middle SchoolLps

High SchoolLps Or Glths

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 492 Fletcher St, Lowell MA 01854

Agent

Name: Raymond Boutin

Office

Name: RE/MAX Innovative Properties

Phone: 978-452-4432

Payment Calculator

, Interest

Property Taxes 427.75

Principal & Interest 4004.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Innovative Properties

Raymond Boutin

Agent Phone

Office Phone

(978) 452-4432

Text Agent Call Agent Call Office

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    [description] => Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.
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    [unparsed] => 492 Fletcher St, Lowell MA 01854
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EXIT

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