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Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!

More Info

Basic Information

  • Gross Income $112,200
  • Lot Features Sloped
  • Mls StatusActive
  • Parcel Number 3194892

Tax Information

  • Tax Assessed Value $735,500
  • Tax Year 2026
  • Taxes$8,348

Parking

  • Parking Spaces

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms7
  • Full Bath6

Basic Information

  • List Price$995,000
  • MLS Number73484860
  • Modification Date04/04/2026
  • Property SubType5-9 Family

Location

  • Address317 Nesmith Street
  • Building Number317
  • CountyMiddlesex
  • NeighborhoodBelvidere
  • StateMA
  • StreetNesmith Street
  • SubdivisionBelvidere
  • TownLowell
  • Zip01852

Building

  • BasementPartial
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Levels 5
  • Rooms18
  • Stories5
  • Units5
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.06

Interior

  • Interior Features Laundry Room

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,131
  • Lot Size Square Feet 2,613
  • Lot Size Units Acres
  • Square Feet3,131

Amenities

  • AmenitiesPublic Transportation, Shopping, Highway Access
  • Other AmenitiesBasement

Legal

  • ZoningTMF

Other

  • Date Listed03/10/2026
  • Farm Land Area Units Square Feet
  • View Count6

Map Location

Driving Directions

Listed by Nick Cowden of Compass

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