Active
29 Days on market
42 Albion Street Lowell — Photo 1 of 31

42 Albion Street Lowell — Photo 1 of 31

Recent Drop: $30,000

$609,000
$579,000

$579,000

42 Albion Street, Lowell, MA 01850

Lowell, MA 01850

Beds

5

Baths

2

SqFt

2,109

Style

2 Family - 2 Units Up/Down

Built

1925

Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,670 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$275/sqft
Local Avg (Lowell)$269/sqft
2% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lowell, MA.

Property Details

Financials

Original Price$609,000
Annual Taxes$4,775

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms11
FireplacesNone
Flooring--
BasementFull, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningTMF

Property & Lot

Acres0.05
SqFt Lot2,178
Lot Features--

Amenities & Appliances

Disposal • Microwave • Refrigerator

Geography

Property History

Price Drop
$579,000

Was $609,000

Aug 31, 2026

MLS® 73562555

Listed
$609,000

Aug 12, 2026

MLS® 73562555

Population

17,740

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$70K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Dot Collection

Listing Office: Access

MLS® Number: 73562555

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