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INVESTMENT SNAPSHOT
About this property
Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.
Property details
| Units | 2 |
| Living area | 2,406 sqft |
| Lot size | 2,178 sqft |
| Year built | 1880 |
| Price / sqft | $270 |
| County | Middlesex |
| MLS # | 73511911 |
Listing status
| Days on market | 25 days |
| Listed on | May 3, 2026 |
Taxes & financials
| Annual property tax | $5,133 |
| Tax year | 2025 |
| Assessed value | $447,100 |
| Zoning | USF |
| Gross income (actual) | $52,800/yr |
| Net operating income (actual) | $52,800/yr |
| Total actual rent | $4,400/mo |
| Insurance expense | $1,807/yr |
Building & lot
| Stories | 2 |
| Total rooms | 10 |
| Lot size | 0.05 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle, Asphalt/Composition Shingles |
| Construction | Frame |
| Flooring | Laminate, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Refrigerator, Range Hood |
Location
More about investing in Lowell →
Listing courtesy of RE/MAX Innovative Properties — Raymond Boutin. 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 492 Fletcher St, Lowell MA 01854 have?
It is a 2-unit multi-family property with 2,406 sqft of living area, built in 1880.
How long has 492 Fletcher St, Lowell MA 01854 been on the market?
492 Fletcher St, Lowell MA 01854 has been listed for 25 days (since May 3, 2026).
What is the estimated cap rate on this 2-family in Lowell?
Based on area median rents, the estimated cap rate is about 4.9%, with a Signal Score of 85/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $649,900 across 2 units, that works out to roughly $324,950 per unit.
What are the property taxes on 492 Fletcher St, Lowell MA 01854?
Annual property taxes are $5,133 (2025), on an assessed value of $447,100.
What is the price per square foot?
At $649,900 for 2,406 sqft, that's about $270 per square foot.
Where is this property located?
492 Fletcher St, Lowell MA 01854 is in Lowell, Middlesex County, MA 01854.
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