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21 Myrtle St, Lowell MA 01850

$524,900

Estimated $1,319/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $262,450

Total Rent: 38400/year

Estimated CAP Rate:

6 Bedrooms

Baths

2888

Total Parking: 3

5,227 (0.12)

Attention investors! Opportunity awaits at 21 Myrtle St., a two-family property offering immediate rental income with future upside potential. Both units are occupied by long-term tenants who have enjoyed stable tenancy, with current rents below market value, presenting an opportunity for increased cash flow over time.The property has undergone numerous important updates, including full deleading compliance, replacement entry doors, installation of fire-rated safety doors, and updated smoke and carbon monoxide alarm systems to meet current City of Lowell requirements. Additional improvements include replacement of the heating system and hot water tank within the past 10 years. Conveniently located just minutes from downtown Lowell, the property offers easy access to major commuter routes. Residents enjoy proximity to public transportation, shopping, dining and a vibrant arts and culture scene that has made Lowell one of the Merrimack Valley's most desirable rental markets.

This home has been viewed 3 times

Last Checked: June 25th, 2026 at 7:03pm (Source: MLS PIN #73541549)

Gross Income: $38,400

Gross Expenses: $5,618

Net Income Calc: $32,782

Annual Expenses for 21 Myrtle St, Lowell MA 01850

Total Gross Expenses (Calculated)$5,618/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5618

Annual Income & Unit Breakdown for 21 Myrtle St, Lowell MA 01850

Total Gross Income (Calculated)$38,400

Unit 1

Rental Income$0

LeaseN

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 21 Myrtle St, Lowell MA 01850

Listing ID73541549

Property TypeMulti Family / 2 Family

Price524900 ($181.75/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2888

Approximate Lot Size (Acres)0.12

Total Parking3

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 SpaceCovered

ZoningTTF

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 21 Myrtle St, Lowell MA 01850

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTv On The Deck And Garage Tv

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 21 Myrtle St, Lowell MA 01850

Real Estate Taxes5618

Tax Year2025

Assessed Value$489,400

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 21 Myrtle St, Lowell MA 01850

Elementary SchoolS. Christa Mcauliffe Elem.

Middle SchoolHenry J. Robinson Middle

High SchoolLowell High School

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 21 Myrtle St, Lowell MA 01850

Agent

Name: Melanie Norcross

Office

Name: Keller Williams Gateway Realty

Phone: 603-912-5470

Payment Calculator

, Interest

Property Taxes 468.17

Principal & Interest 3234.27

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Gateway Realty

Melanie Norcross

Agent Phone

Office Phone

(603) 912-5470

Text Agent Call Agent Call Office

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EXIT

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