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Pending

31-33 Bourne Street, Lowell MA 01852

$887,500

Estimated $2,078/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $295,833.33

Total Rent: 0/year

Estimated CAP Rate:

9 Bedrooms

Baths

3900

Total Parking: 0

3,920 (0.09)

Well-maintained 3-unit multifamily offering in Lowell’s established South Lowell neighborhood, featuring three spacious 3BR/1BA apartments and approximately 3,900 SF of living area. Two of the three units will be delivered vacant and move-in ready at closing, offering immediate flexibility for an investor or owner-occupant to lease, occupy, or further improve. Recent capital improvements include a newer EPDM rubber roof (2022), refinished hardwood flooring, new luxury vinyl plank flooring, updated bathroom vanities, and newer appliances in the first- and second-floor units. Additional features include in-unit washer/dryer hookups, usable yard space, separately metered forced hot-air gas heating, and updated electrical service, helping minimize landlord-paid utility expenses. Additional value-add potential may exist to reconfigure existing 3BR layouts into 4BR units, subject to applicable approvals and permitting. Conveniently located near Downtown Lowell with quick access to the Lowell Connector, Route 3, I-495, LRTA service, MBTA commuter rail, shopping, dining, parks, and major employment and educational centers. A compelling opportunity combining immediate vacancy, recent improvements, efficient utilities, and long-term income-growth potential.

This home has been viewed 4 times

Last Checked: October 6th, 2026 at 9:08am (Source: MLS PIN #73565786)

Gross Income: $0

Gross Expenses: $7,668

Net Income Calc: $7,668

Annual Expenses for 31-33 Bourne Street, Lowell MA 01852

Total Gross Expenses (Calculated)$7,668/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7668

Annual Income & Unit Breakdown for 31-33 Bourne Street, Lowell MA 01852

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 31-33 Bourne Street, Lowell MA 01852

Listing ID73565786

Property TypeMulti Family / 3 Family

Price887500 ($227.56/SqFt)

Style3 Family - 3 Units Up/down

CityLowell

CountyMiddlesex

MLS AreaSouth Lowell

Neighborhood(s)

Approximate Living Area Total3900

Approximate Lot Size (Acres)0.09

Total Parking0

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningTTF

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 31-33 Bourne Street, Lowell MA 01852

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsHot Tub Is Not Staying!

Financial Data SourceEstimated

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 31-33 Bourne Street, Lowell MA 01852

Real Estate Taxes7668

Tax Year2026

Assessed Value$669,900

Financial Data SourceEstimated

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 31-33 Bourne Street, Lowell MA 01852

Neighborhood(s)

MLS AreaSouth Lowell

Area AmenitiesWalk/jog Trails

Contact Information for 31-33 Bourne Street, Lowell MA 01852

Agent

Name: Michael Alvarez

Office

Name: Alvarez Real Estate Group LLC

Phone: 617-329-9493

Payment Calculator

, Interest

Property Taxes 639

Principal & Interest 5468.49

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Alvarez Real Estate Group LLC

Michael Alvarez

Agent Phone

Office Phone

(617) 329-9493

Text Agent Call Agent Call Office

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    [unparsed] => 31-33 Bourne Street, Lowell MA 01852
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EXIT

32 More Photos

Pending

31-33 Bourne Street, Lowell MA 01852

$887,500

Annual Expenses for 31-33 Bourne Street, Lowell MA 01852

Annual Income & Unit Breakdown for 31-33 Bourne Street, Lowell MA 01852

General Information for 31-33 Bourne Street, Lowell MA 01852

Disclosures for 31-33 Bourne Street, Lowell MA 01852

Financial Information for 31-33 Bourne Street, Lowell MA 01852

Location Information for 31-33 Bourne Street, Lowell MA 01852

Contact Information for 31-33 Bourne Street, Lowell MA 01852

Agent

Office

Payment Calculator

Exclusive Listing Agent

Alvarez Real Estate Group LLC

Michael Alvarez