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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 3,900 sqft |
| Lot size | 3,920 sqft |
| Year built | 1910 |
| Price / sqft | $228 |
| County | Middlesex |
| MLS # | 73565786 |
Listing status
| Days on market | 0 days |
| Listed on | August 19, 2026 |
Taxes & financials
| Annual property tax | $7,668 |
| Tax year | 2026 |
| Assessed value | $669,900 |
| Zoning | TTF |
| Gross income (actual) | $87,300/yr |
| Net operating income (actual) | $65,604/yr |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 18 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full |
| Foundation | Stone |
| Roof | Rubber |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Forced Air, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Microwave, Refrigerator |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 31-33 Bourne Street, Lowell MA 01852 have?
It is a 3-unit multi-family property with 3,900 sqft of living area, built in 1910.
How long has 31-33 Bourne Street, Lowell MA 01852 been on the market?
31-33 Bourne Street, Lowell MA 01852 has been listed for 0 days (since August 19, 2026).
What is the price per unit?
At a list price of $887,500 across 3 units, that works out to roughly $295,833 per unit.
What are the property taxes on 31-33 Bourne Street, Lowell MA 01852?
Annual property taxes are $7,668 (2026), on an assessed value of $669,900.
What is the price per square foot?
At $887,500 for 3,900 sqft, that's about $228 per square foot.
Where is this property located?
31-33 Bourne Street, Lowell MA 01852 is in Lowell, Middlesex County, MA 01852.
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