43 Lincoln Street

Lowell, MA 01851

$999,900
Price
12
Beds
4
Baths
3,264 Sq. Ft.
$306 / Sq. Ft.
3,264
Sq. Ft.
$306
per Sq. Ft.

Description

Don’t miss this four-family property on a quiet street with quick and easy access to the Lowell Connector. The building boasts a brand-new roof, two updated forced hot air heating systems, two new boilers and a new exterior staircase. Each of the 3 bedroom units feature separate utilities and most are on a tenancy-at-will basis, with room to increase the rents. Tenants enjoy the convenience of on-street parking, the beautiful public garden next door, an elementary school, a variety of restaurants...Don’t miss this four-family property on a quiet street with quick and easy access to the Lowell Connector. The building boasts a brand-new roof, two updated forced hot air heating systems, two new boilers and a new exterior staircase. Each of the 3 bedroom units feature separate utilities and most are on a tenancy-at-will basis, with room to increase the rents. Tenants enjoy the convenience of on-street parking, the beautiful public garden next door, an elementary school, a variety of restaurants and shopping plazas nearby. Whether you’re an investor looking to expand your portfolio or someone seeking an owner occupied multi-family home, this property presents a unique chance to secure a well-located asset with great potential.
  1. Listed by Patrick Hermans • J. Borstell Real Estate, Inc.

Property Details for 43 Lincoln Street

Town
Lowell
Area
MA-Lowell
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 12/02/2024 01:37 PM

Property Details for 43 Lincoln Street

StatusContingent
MLS #73309799
Days on Market27
Taxes$6,883 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1950
CountyMiddlesex County

Building Information for 43 Lincoln Street

Stories6Residences4Year Built1950Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 43 Lincoln Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Park
  • Living Area: 3264.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Level
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 3185882
  • Assessments: $577,900
  • Book: 27326
  • Tax Year: 2024
  • Zoning: TMF
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 4
  • Heat Zones: 4
Income / Expenses
  • Electricity: $180.00
  • Annual Expenses Source: Owner
  • GOI: $105,000.00
  • Gross Scheduled Income: $.00
  • Insurance: $4,800.00
  • GRE: $7,380
  • HTE: $0
  • MGF: $0
  • MSE: $0
  • RFS: $0
  • RME: $0
  • NOI: $97,620.00
  • Operating Expense: $7,380.00
  • WSE: $2,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,750.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 43 Lincoln Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 43 Lincoln Street

Taxable ValueLand$99,200Additions$478,700Total$577,900
Tax Record2024$6,883 ($574 / month)
Home Facts
Baths4Total Finished SqFt3,264 SqFtAbove Grade Finished SqFt3,264 SqFtUnfinished Basement SqFt1,632 SqFtStories2Lot Size3,049 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningTMFCountyMIDDLESEXAPNLOWE M:143 B:3620 L:43

Schools near 43 Lincoln Street

This home is within Lowell School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - PK to 4
Rating
School
Distance
C.W. Morey Elementary School
PublicPK to 4

Dr. Gertrude Bailey Elementary School
PublicPK to 4

Charlotte M Murkland Elementary School
PublicPK to 4

Abraham Lincoln Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of J. Borstell Real Estate, Inc., Patrick Hermans

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.