712 School St Lowell MA 01851 MLS #73361238

712 School St
Lowell, MA, 01851
$850,000
8 Beds
4 Baths
3,348 SqFt
0.07 Acres
$850,000
712 School St
Lowell, MA, 01851
Great corner lot with plenty of on street parking and a rare driveway. Property recently appraised in April 2025 as is for $866,000. Many recent updates within past few years including renovated units, Navien on demand heating systems as well as new electrical throughout. Three units are rented with two high rents but still slightly below market value and one significantly below market value and one vacant unit that needs some light renovations. This building is ready for an investor to come in, reap the rewards of the rented units, while gaining additional upside by increasing the rent on the below market unit and renovating and renting the vacant unit. Easy access to the Lowell Connector and walking distance to public transportation for the tenants. Don’t miss your chance to buy an all around solid building that will generate great returns and always have a high tenant demand.

Property Details

Price:
$850,000
MLS #:
73361238
Status:
Active
Beds:
8
Baths:
4
Address:
712 School St
Type:
Multi Family
Subtype:
4 Family
City:
Lowell
Listed Date:
Apr 17, 2025
State:
MA
Finished Sq Ft:
3,348
Total Sq Ft:
3,348
ZIP:
01851
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1900
Units:
4

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
4 Full Bathrooms
Flooring
Vinyl
Heating
Baseboard

Exterior

Community Features
Public Transportation, Laundromat
Construction Materials
Frame
Roof
Rubber

Financial

Net Operating Income
$54,000
Tax Year
2025
Taxes
$6,863
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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