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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.

More Info

Basic Information

  • Gross Income $87,300
  • Listing Terms Other (See Remarks)
  • Lot Features Other
  • Mls StatusNew
  • Parcel Number L02740
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)

Tax Information

  • Tax Assessed Value $669,900
  • Tax Year 2026
  • Taxes$7,668

Parking

  • Parking Spaces

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms9
  • Full Bath3

Basic Information

  • List Price$887,500
  • MLS Number73565786
  • Modification Date08/20/2026
  • Property SubType3 Family - 3 Units Up/Down

Location

  • Address31-33 Bourne Street
  • Building Number31-33
  • CountyMiddlesex
  • NeighborhoodSouth Lowell
  • StateMA
  • StreetBourne Street
  • SubdivisionSouth Lowell
  • TownLowell
  • Zip01852

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 3
  • Rooms18
  • Stories3
  • Units3
  • Year Built1910
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.09

Interior

  • Flooring Hardwood
  • Interior Features Living Room, Dining Room, Kitchen

Exterior

  • Exterior Features Balcony/Deck
  • RoofRubber

Utilities

  • Heat SystemYes
  • Heating Forced Air, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,900
  • Lot Size Square Feet 3,920
  • Lot Size Units Acres
  • Square Feet3,900

Amenities

  • Amenities
    • Highway Access
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
  • Appliances IncludedRange, Microwave, Refrigerator
  • Other AmenitiesBasement

Other

  • Date Listed08/19/2026
  • Farm Land Area Units Square Feet

Map Location

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Listed by Michael Alvarez of Alvarez Real Estate Group LLC

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