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Backup Offers

42 Albion St, Lowell, MA, 01850

$525,000

Home List Price

$6,234*

Closing Credit

5 Bedrooms
2 Full Baths
2,109 SqFt
$249/SqFt
Multi

Location

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42 Albion St, Lowell$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street, Paved
Year Built1925
HeatingForced Air
CoolingWindow Unit(s)
BasementYes
MLS #73296426
Lot Size0.07 Acres
StatusAccepting Backup Offers
(Contingent)

About 42 Albion St

Fantastic investment opportunity in Lowell! This multi-family property offers two units, perfect for owner occupancy or adding to an investor's portfolio. Unit 1: 2 bedrooms, 1 bath Unit 2: 3 bedrooms, 1 bath. Each unit features separate utilities and offers off-street parking for convenience. Located just 4 minutesfrom the T and a short walk to the bus stop, commuting is a breeze. Enjoy being 1 mile from downtown Lowell, a 10-minute walk to Kerouac Park and George McDermott Reservoir. With tenants currently at will and paying below market rents, there is significant potential for increased cash flow. Lowell’s low vacancy rate of only 3.75% makes this a great investment opportunity! Don't miss out on this excellent multi-family property in a prime location. Some TLC needed reflective of the listing price.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Living Area: 2,109 SqFt

Listing Office:

  • Office Name: Cameron Real Estate Group
  • Office Phone: (781) 486-3180
  • Listing Agent: Lesly Perez

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator, Washer, Dryer, Microwave
  • Basement: Yes
  • Interior: Walk-Up Attic, Heated Attic, High Speed Internet, Bathroom With Tub, Open Floorplan, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Balcony/Deck

Parking Information:

  • Parking: Paved Drive, Off Street, Paved

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Use GPS from your location

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $249/SqFt

Tax Information:

  • Annual Amount: $3,443
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lowell, MA.

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Lowell, MA

City

Med. Sold Price

$468.9K

Med. Price/SqFt

$300

Avg. Days On Market

24

# of Sold Homes

64

42 Albion St vs Lowell

51 DAYS ON ROCKET

+27 Days

$525,000

+$56K More

$249/SqFt

-$51 Less

KEY TAKEAWAY

This property is $56K more than the Median Sold Price and $51/SqFt less than other homes in Lowell, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73296426

Listing Office:

  • Office Name: Cameron Real Estate Group
  • Office Phone: (781) 486-3180
  • Listing Agent: Lesly Perez

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 6:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 25, 2021Home Sold
$375,000
Sep 23, 2019Home Sold
$275,000
Nov 09, 2004Home Sold
$277,500
Jun 28, 2002Home Sold
$175,000
Mar 29, 2002Home Sold
$112,000
Mar 29, 1999Home Sold
$99,000
Feb 05, 1998Home Sold
$60,000
Jun 09, 1997Home Sold
$39,000
May 26, 1995Home Sold
$51,000
Nov 23, 1994Home Sold
$32,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,443$255,800
2020$3,327$249,000
2019$3,142$223,800
2018$2,930$203,600
2017$2,769$185,600

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-205733
3
/10

  • Greenhalge

  • 149 Ennell St

  • 0.42 miles

  • Public District Grades PK-4

school-card-donut-205734
4
/10

  • S Christa Mcauliffe Elementary School

  • 570 Beacon St

  • 0.59 miles

  • Public District Grades PK-4

school-card-donut-205735
5
/10

  • Charlotte M Murkland Elementary School

  • 350 Adams St

  • 0.88 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,971. Residents of Lowell, MA typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Lowell›01850›42 Albion St

This home is located at 42 Albion St in Lowell, MA and zip code 01850 in the Centralville neighborhood. This 2,109 square foot home, which was built in 1925, sits on a 0.07 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $525,000.

Over 45 listings were sold over their listed price in October 2024 in Lowell, MA. In the same period over 17 listings were sold below the listed price and 2 listings were sold for the listed price. In October 2024 in Lowell, MA there were 4% more homes for sale than in September 2024. Listings spent 24 days on the market in October 2024, and had a median list price of $468,906 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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