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$1,190,000
Total Beds: 11 Total Baths: 5
Total Units: 4 SQFT: 4252
LOT size: 0.11 Acres
78-82 3rd Street
Lowell, MA 01850
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Property Description

ALL DE-LEADED, GREAT INCOME. NO LEASES. Large, spacious 4 Units, Two buildings on one lot w 11 Bedrooms, 4 full Bathrooms and 1/2 Bath. The front building is a 3 family, each with 3 beds, 1 bath, LR, Kit and Laundry hook-up in each unit AND FULLY RENTED. It was renovated in 2014 w new electric, plumbing, heat, decks and windows. Siding replaced. The single family has 2 beds, 1.5 bath and was just renovated May '25. New plank flooring, paint, new Refrigerator, Gas Stove and Dishwasher, Microwave, blinds and vanities. Windows on first floor new, upstairs previously replaced. Basement: waterproofed by a prof co. #82 is empty post renovation. Private fenced backyard, parking: 4-5 cars. All 4 have separate gas & electric meters plus house meter, gas heating, gas stove and gas hot water tank. Panels have been upgraded to circuit breakers. Hot water heaters: 1st & 2nd-2024, 3rd: 2011, 4th: 2022. Boiler: all-2011. Roof: 2014. OH: Sat and Sun, 6/21 & 22,11 to 12:30. Dead: Mon, 6/23 at 12.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 5
  • Total Bedrooms: 11
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Bulkhead, Concrete Floor, Full, Sump Pump
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Washer Hookup
  • Common Heating: Gas, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 104424
  • Gross Expenses: 12505
  • Electric Expenses: 124
  • Water/Sewer: 4522
  • INSC: 5361
  • Repairs & Maintenance: 1000
  • Net Operating Income: 91919

Utilities

  • Heat Zones: 4
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Oven, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Levels: 2

Construction

  • Year Built: 1880
  • Type: 4 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73392329
  • Last Updated: 06/18/25

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Map

Seller's Representative: Michelle Walker, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-18 12:49:00