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42 Albion Street, Lowell MA 01850

$579,000

Estimated $1,337/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $289,500

Total Rent: 56040/year

Estimated CAP Rate:

5 Bedrooms

Baths

2109

Total Parking: 2

2,178 (0.05)

Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,670 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.

This home has been viewed 3 times

Last Checked: September 15th, 2026 at 9:23pm (Source: MLS PIN #73562555)

Gross Income: $56,040

Gross Expenses: $4,775

Net Income Calc: $51,265

Annual Expenses for 42 Albion Street, Lowell MA 01850

Total Gross Expenses (Calculated)$4,775/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax4775

Annual Income & Unit Breakdown for 42 Albion Street, Lowell MA 01850

Total Gross Income (Calculated)$56,040

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 42 Albion Street, Lowell MA 01850

Listing ID73562555

Property TypeMulti Family / 2 Family

Price579000 ($274.54/SqFt)

Style2 Family - 2 Units Up/down

CityLowell

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2109

Approximate Lot Size (Acres)0.05

Total Parking2

Garage Parking0

Year Built1925

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningTMF

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 42 Albion Street, Lowell MA 01850

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal 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 42 Albion Street, Lowell MA 01850

Real Estate Taxes4775

Tax Year2025

Assessed Value$415,900

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 42 Albion Street, Lowell MA 01850

Neighborhood(s)

Area Amenities

Contact Information for 42 Albion Street, Lowell MA 01850

Agent

Name: Dot Collection

Office

Name: Access

Phone: 617-825-8000

Team Members

Payment Calculator

, Interest

Property Taxes 397.92

Principal & Interest 3567.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Access

Dot Collection

Agent Phone

Office Phone

(617) 825-8000

Text Agent Call Agent Call Office

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EXIT

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