This PHENOMONALLY RENOVATED MULTI-Family property offers great income potential of $86,400 annually and is DE-LEADED with Certification. UPDATES include modern KITCHENS with granite countertops and stainless steel appliances, updated BATHS, FLOORING: luxury oak hardwood and tile flooring, new HEATING SYSTEMS, and CENTRAL AC for units 2 and 3. PLUMBING has been fully updated, and the building also boasts a SPRINKLER SYSTEM, new ELECTRICAL SERVICE from street and WIRING, RUBBER ROOF, WINDOWS, SIDING, and a FIRE ALARM SYSTEM. A large shed and sub-basement provide ample storage. The first floor features tile flooring, while the second and third units showcase hardwood. This turnkey property offers both comfort and income potential in a highly desirable location 2.2 miles to the Lowell Connector, and easy access to Rte 3 and 495. Open Houses: Saturday and Sunday 11-12:30. No private showings as there is one tenant in unit 3. Deadline: Monday at 12:00.
This listing has been viewed 12 times in the past 13 days
Last Updated: January 29th, 2025 at 8:23am
Highway Access
Public Transportation
T-station
University
General Information for 688 Lawrence Street, Lowell, Massachusetts 01852
Property TypeResidential Income
Property Sub TypeMulti Family
Price$949,900
Price per sqft$260.96
MLS #73328490
Handicap Access / FeaturesNo
List Date2025-01-22
Special Listing Conditions
StateMassachusetts
Street NameLawrence Street
CityLowell
Zip Code01852
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones4
Sold Date10/03/2025
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total3640
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress688 Lawrence Street, Lowell MA 01852
Zoning
Interior Features for 688 Lawrence Street, Lowell, Massachusetts 01852
* Approx. Living Area Total3,640 sq ft
Living Area Includes BasementNo
Bedrooms8
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
2
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesInsulated Doors
ElectricYes
Electric$220
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_33
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_4
MLSPIN_GRE$6,255
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate27/01/2025
Exterior Features for 688 Lawrence Street, Lowell, Massachusetts 01852
* Approximate Lot Size0.07 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1900
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)3,049 Sqft
Disclosures for 688 Lawrence Street, Lowell, Massachusetts 01852
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintCertified Treated
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 688 Lawrence Street, Lowell, Massachusetts 01852
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$86,400
Insurance Expense$2,760
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_33
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12200
MLSPIN_RENT22500
MLSPIN_RENT32500
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$1,395
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$80,145
OperatingExpense$6,255
OriginalListPrice$949,900
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water), Unit 3(water)
TOTAL_RENT7200
WaterSewerExpense$1,880
Lifestyle Information for 688 Lawrence Street, Lowell, Massachusetts 01852
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 688 Lawrence Street, Lowell, Massachusetts 01852
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 688 Lawrence Street, Lowell, Massachusetts 01852
MLSPIN_MARKET_TIME_BROKER5
MLSPIN_MARKET_TIME_PROPERTY5
PurchaseContractDate2025-01-27
Agent Information for 688 Lawrence Street, Lowell, Massachusetts 01852