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$949,900
Total Beds: 12 Total Baths: 4
Total Units: 4 SQFT: 3884
LOT size: 0.06 Acres
189 Charles Street
Lowell, MA 01852
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Property Description

INVESTORS...GREAT INCOME AND LOCATION! (93-110K). Well-maintained 4-family in the highly desirable Back Central neighborhood (Sacred Heart) in SOUTH LOWELL, just 0.3 MILES to DOWNTOWN LOWELL and the COMMUTER RAIL. Property features 20 rooms, 12 bedrooms, and 4 baths with 4 enclosed unheated porches. The current owner has renovated 3 of the 4 units, 2 with new FHA Furnaces and Central AC, 1 unit w 4 head Mini Split, updated kitchens, baths, flooring and W/D. These 3 Units also have new water heaters-'25. Electrical upgrade includes from pole to meters to panels-all permitted. Three units are leased; the unrenovated unit is month-to-month. Fenced-in backyard. Driveway with a garage, and ample on-street parking. Only 1 mile to the Lowell Connector and 495. Open Houses Sat & Sun 3/7 & 3/8, 1:30–3:00. Offers due Monday at noon.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 12
  • Total Full Baths: 4
  • Amenities: House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full, Partially Finished
  • Common Interior Features: Tile Floor
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 92640
  • Gross Expenses: 9906
  • Electric Expenses: 480
  • Water/Sewer: 3000
  • INSC: 6426
  • Net Operating Income: 82734

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range, for Gas Range
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Side by Side
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Laminate, Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73483008
  • Last Updated: 03/05/26
  • Terms: Contract for Deed, Rent w/Option

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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 2026-03-05 08:55:00