138 Rea St Lowell — Photo 1 of 30
Recent Drop: $20,000
$569,900
Investment Analysis — 138 Rea St
Lowell, MA 01852
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01852 carries an estimated $2,590/mo in gross rent — about a 3.13% cap rate and $17,810/yr in estimated NOI at the $569,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,168
Style
Single Family
Built
1960
Single-level living, a dead-end street & an unbeatable location! This 3-BDRM Ranch has been thoughtfully improved in recent years, including a brand-new 24x24 2-car garage w/ mudroom, new windows & transferable leased solar panels added in 2023. Enter inside to the welcoming mudroom, offering easy access to the garage, back deck & main living space. The kitchen features ceiling-height cabinetry, SS appliances & vinyl flooring, flowing into the dining area w/ a large server window overlooking the sun-filled living RM. Off the hallway find 3 BDRMS & a beautifully remodeled full BA. The unfinished basement offers additional potential, with framing & insulation already underway. Outside, enjoy a fenced backyard, composite deck & storage shed. Set just minutes from I-495, Rts 3 & 93, you're close to shopping, restaurants, grocery stores, Home Depot, Walmart, Shedd Park & more. This one's worth a look!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 584 sq ft (the lesser of 900 sq ft or half the 1,168 sq ft principal dwelling). Lot size: 12,632 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator
Geography
Property History
$569,900
Was $589,900
Sep 10, 2026
MLS® 73567977
$589,900
Aug 25, 2026
MLS® 73567977
Listing Agent: Blood Team
Listing Office: Keller Williams Realty - Merrimack
MLS® Number: 73567977
