Great investment opportunity with this six (6) 2-Bed/1-Bath units. Extremely low maintenance with great cash flow. 4 out of the 6 units and common areas have been completely remodeled in the past few months. 5 brand new heating systems. Sprinklers and alarm monitoring systems are a few years old. The Property is separately metered for electricity and gas-powered heat and hot water, which tenants pay directly. The Landlord is responsible for common area electric and providing domestic water and sewer. The Property is a centrally located offering strong tenant appeal through its easy access to downtown amenities, neighborhood services, and recreational destinations. It is conveniently situated near major roadways, including Interstate 495, the Lowell Connector, and U.S. Route 3. Open House: 6/6 - 11-12.30 and 6/7 - 10.30-11.30.
This home has been viewed 15 times
Last Checked: June 7th, 2026 at 8:28am (Source: MLS PIN #73528099)
Gross Income: $79,500
Gross Expenses: $10,052
Net Income Calc: $69,448
Annual Expenses for 8 Cherry St, Lowell MA 01852
Total Gross Expenses (Calculated)$10,052/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax10052
Annual Income & Unit Breakdown for 8 Cherry St, Lowell MA 01852
Total Gross Income (Calculated)$79,500
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Rent Includes
Unit 4
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Rent Includes
General Information for 8 Cherry St, Lowell MA 01852
Listing ID73528099
Property TypeMulti Family / 5+ Family
Price1250000 ($288.42/SqFt)
Style5-9 Family
CityLowell
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total4334
Approximate Lot Size (Acres)0.05
Total Parking0
Garage Parking0
Year Built1920
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningUMF
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 8 Cherry St, Lowell MA 01852
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsRefrigerator And Some Personal Belongings
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 8 Cherry St, Lowell MA 01852
Real Estate Taxes10052
Tax Year2025
Assessed Value$875,600
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 8 Cherry St, Lowell MA 01852
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 8 Cherry St, Lowell MA 01852