48 Gertrude Ave Lowell — Photo 1 of 37
$619,900
Investment Analysis — 48 Gertrude Ave
Lowell, MA 01851
Based on rent reported on the MLS listing, a 2-unit multi-family in 01851 carries $2,500/mo in gross rent — about a 2.15% cap rate and $13,337/yr in estimated NOI at the $619,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
4,426
Style
2 Family - 2 Units Up/Down
Built
1930
Attention investors!! Looking for the most affordable two family in the upper Highlands with plenty of rental income potential? Great long term tenants on the 2nd floor of 15 years who really want to stay. Renovate first floor for yourself and let the tenants help with your mortgage while giving it your finishing touches. This place has 3 spacious bedrooms on each floor with high ceilings, full walk up attic, off street parking, a gas generator for the first floor unit, two 100 amp electric panels, newer dishwasher, washer and dryer garbage disposal and microwave on the first floor, all only 5 yrs old. Care free vinyl siding, Harvey windows, newer water tanks and 2 furnaces that are ten years old. Walk to Tyler Park for summer concerts, on the bus route and 5 minute ride to the train station, and just minutes to NH for tax free shopping. Group showing Wednesday from 4 to 6 PM or make appointment on showing time. First floor is vacant, and 24 hr appt required for second floor. This gem will not last!
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 MLS and other third-party data may be inaccurate or out of date.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 • Disposal • Microwave • Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Washer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Listing Agent: Kevin Durkin
Listing Office: LAER Realty Partners
MLS® Number: 73572740
