1384-1386 Gorham St Lowell — Photo 1 of 41
$799,900
Investment Analysis — 1384-1386 Gorham St
Lowell, MA 01852 — South Lowell
Based on rent reported on the MLS listing, a 3-unit multi-family in 01852 carries $6,900/mo in gross rent — about a 6.84% cap rate and $54,753/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,978
Style
3 Family
Built
1900
Welcome to 1384-1386 Gorham St, a solid income-producing 3-unit property situated nicely on a corner lot on the Lowell-Chelmsford border. This oversized property features 9+ bedrooms, 3 full baths, and nearly 4,000 sq feet of living space. Each unit occupies its own floor, with front and back entrances, and separate utilities. Units 1 and 2 both have a living room, eat-in kitchen, 3+ bedrooms, and a full bath. Unit 3 on the 3rd floor is similar with 3 bedrooms. Notable feature include: stucco siding, a 1 year old roof, plumbing updates, a Letter of Full DELEADING Compliance, gas heat, a low-maintenance fenced front yard, and a full basement for storage. A great opportunity to purchase a cash-flowing multi-family with a lot to offer!
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Public School • University
Geography
Listing Agent: Katy Barry
Listing Office: Coldwell Banker Realty - Lowell
MLS® Number: 73575702
