
42 Albion Street Lowell — Photo 1 of 31
Recent Drop: $30,000
$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
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lowell, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Disposal • Microwave • Refrigerator
Geography
Property History
$579,000
Was $609,000
Aug 31, 2026
MLS® 73562555
$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 Agent: Dot Collection
Listing Office: Access
MLS® Number: 73562555
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