Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Active

380 University Ave, Lowell MA 01852

$875,000

Estimated $2,092.98/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $218,750

Total Rent: 84276/year

Estimated CAP Rate: 8.71%

7 Bedrooms

4 Full Baths

4,235 SqFt

Total Parking: 5

5,662 SqFt

The University Avenue Apartments consists of 4 units and is comprised of 1-3 bedroom units, 1-2 bedroom units and 2-1 bed units. Tenants enjoy off-street parking in a highly desirable area of Lowell located just a half a mile to UMASS North Campus. New owner has the ability to renovate the current units and increase the rents which are roughly 20% under market. All interested and qualified parties can tour the building and obtain additional information upon request. This building can be sold individually or as a package with 382 University Avenue.

This home has been viewed 21 times

Last Checked: November 9th, 2025 at 5:33am (Source: MLS PIN #73451019)

Gross Income: $84,276

Gross Expenses: $8,090

Net Income Calc: $76,186

CAP Rate: 8.71%

Annual Expenses for 380 University Ave, Lowell MA 01852

Total Gross Expenses (Calculated)$8,090/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,090

Annual Income & Unit Breakdown for 380 University Ave, Lowell MA 01852

Total Gross Income (Calculated)$84,276

Unit 1

Rental Income$2,380

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,662

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$1,671

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit0

HeatingNo

Rent Includes

Unit 4

Rental Income$1,310

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit0

HeatingNo

Rent Includes

General Information for 380 University Ave, Lowell MA 01852

Listing ID73451019

Property TypeMulti Family / 4 Family

Price$875,000 ($206.61/SqFt)

Style4 Family

CityLowell

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,235 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5

Garage Parking

Year Built1940

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionIrregular

Accessible Features

Outdoor Space

Zoning1110

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 380 University Ave, Lowell MA 01852

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$84,276

Total Net Income By Broker$84,276

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 380 University Ave, Lowell MA 01852

Real Estate Taxes$8,090

Tax Year2024

Assessed Value$689,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$84,276

BostonRealEstate.com Gross Income

Total Net Income By Broker$84,276

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.71%

Location Information for 380 University Ave, Lowell MA 01852

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 380 University Ave, Lowell MA 01852

Agent

Name: Drew Kirkland

Office

Name: Northeast Private Client Group, LLC

Phone: 857-990-6800

Team Members

Name: James Casey

Phone: 413-896-3060

Name: Francis Saenz

Phone: 857-990-6803

Name: Patrick Wheeler

Phone: 857-990-6819

Payment Calculator

, Interest

Property Taxes 674.17

Principal & Interest 5391.47

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Northeast Private Client Group, LLC

Drew Kirkland

Agent Phone

Office Phone

(857) 990-6800

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.13 acres (5,662 SqFt)
    [add_date] => 2025-11-04 20:23:13
    [address] => University Ave
    [agent] => Array
        (
            [address] => 1177 Blossom Street
            [city] => Suffield
            [id] => CN257279
            [name] => Drew Kirkland
            [national_association] => 
            [office] => AN8574
            [state] => CT
            [zip] => 06078
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 4,235 SqFt
    [approx_lot_size_acres] => 0.13 acres
    [approx_lot_size_sqft] => 5,662 SqFt
    [assessed_value] => $689,400
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 4 Full
    [bedrooms] => 7
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 380 University Ave Lowell
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 4 Family
        )

[c_type] => Multi Family
    [cap_rate] => 8.71%
    [city] => Lowell
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => The University Avenue Apartments consists of 4 units and is comprised of 1-3 bedroom units, 1-2 bedroom units and 2-1 bed units. Tenants enjoy off-street parking in a highly desirable area of Lowell located just a half a mile to UMASS North Campus.  New owner has the ability to renovate the current units and increase the rents which are roughly 20% under market. All interested and qualified parties can tour the building and obtain additional information upon request.  This building can be sold individually or as a package with 382 University Avenue.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 
    [foundation_materials] => Array
        (
            [0] => Irregular
        )

[frontage_length] => 
    [full_baths] => 4
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $84,276
        )

[half_baths] => 0
    [handicap_access] => No
    [heating] => No
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 703074
    [insurance_expense] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2025-11-09 05:33:10
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 2
    [living_area] => 4,235 Sq. Ft.
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => Yes
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73451019
    [neighborhoods] => Array
        (
        )

[net_income_calc] => 76186
    [net_operating_income] => Array
        (
            [0] => $84,276
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 4
    [office] => Array
        (
            [id] => AN8574
            [name] => Northeast Private Client Group, LLC
            [phone] => 857-990-6800
        )

[operating_expense] => Array
        (
            [0] => $0
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 860-882-4461
    [pool_features] => Array
        (
        )

[price] => $875,000
    [price_per_sqft] => 206.61
    [price_per_unit] => 218750
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => 4 Family
        )

[real_estate_tax] => $8,090
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 13
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active
        )

[street_number] => 380
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2024
    [team] => Array
        (
            [0] => Array
                (
                    [id] => CN257274
                    [name] => James Casey
                    [phone] => 413-896-3060
                    [address] => 595 East 3rd Street
                    [city] => Boston
                    [state] => MA
                    [zip] => 02127
                    [office] => AN8574
                    [national_association] => 
                )

[1] => Array
                (
                    [id] => CN257280
                    [name] => Francis Saenz
                    [phone] => 857-990-6803
                    [address] => 190 Commonwealth Avenue
                    [city] => Boston
                    [state] => MA
                    [zip] => 02112
                    [office] => AN8574
                    [national_association] => 
                )

[2] => Array
                (
                    [id] => CN222820
                    [name] => Patrick Wheeler
                    [phone] => 857-990-6819
                    [address] => 130 G Street Apt. #4
                    [city] => Boston
                    [state] => MA
                    [zip] => 02127
                    [office] => AN8574
                    [national_association] => 
                )

)

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 8090
    [total_gross_income] => 84276
    [total_parking] => 5
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 3
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
            [0] => 2380
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 1
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 0
    [unit_2_rent] => Array
        (
            [0] => 1662
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_levels] => 0
    [unit_3_rent] => Array
        (
            [0] => 1671
        )

[unit_4_bathrooms] => 1 Full
    [unit_4_bedrooms] => 1
    [unit_4_floor] => 1
    [unit_4_lease] => Array
        (
            [0] => Y
        )

[unit_4_levels] => 0
    [unit_4_rent] => Array
        (
            [0] => 1310
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 380 University Ave, Lowell MA 01852
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $0
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1940
    [year_built_details] => Approximate
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01852
    [zoning] => 1110
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 173141893
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/703074/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2025-11-09 05:33:14
                    [modified] => 2025-11-09 05:33:15
                )

)

)

EXIT

Active

380 University Ave, Lowell MA 01852

$875,000

Annual Expenses for 380 University Ave, Lowell MA 01852

Annual Income & Unit Breakdown for 380 University Ave, Lowell MA 01852

General Information for 380 University Ave, Lowell MA 01852

Disclosures for 380 University Ave, Lowell MA 01852

Financial Information for 380 University Ave, Lowell MA 01852

Location Information for 380 University Ave, Lowell MA 01852

Contact Information for 380 University Ave, Lowell MA 01852

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Northeast Private Client Group, LLC

Drew Kirkland