Lowell Multi-Family Investment
492 Fletcher St Lowell, MA 01854
492 Fletcher St, Lowell, MA, 01854
$649,900
For Sale
$649,900
MULTI_FAMILY - Lowell, MA
Property Size2,406 SF
Lot Size0.05 Acres
Price / SF$270.12
Days on Market75
Property Features for 492 Fletcher St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- USF
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 3
- Standard status
- Active
- APN
- M:117 B:2340 L:492,3182443
- Size
- 2,406 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5133
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
RE/MAX Innovative Properties
(978) 452-4432
81 Farmland Road, Londonderry, MA
Listed by
Joshua Naughton · License #57445
(603) 434-4101
Added: May 3 Checked: Jul 16 at 7:06 pm
MLS# 73511911
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 492 Fletcher Street in Lowell, this multi-family property presents a strong investment opportunity. The property features two units, each containing three bedrooms, offering excellent rental potential in a high-demand area. The location near the University of Massachusetts Lowell positions the property to attract consistent tenant demand from students, faculty, and local workforce renters. Separate utilities simplify management, allowing investors to control expenses and maximize cash flow. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances the property's appeal. The property, zoned USF, sits on a lot of approximately 0.05 acres. The building has a size of 2406 square feet. This property represents a solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income. Lead Certificates are in hand. The property is being sold with both units occupied.
Key Highlights
- Two‑unit multi‑family property built in 1880
- Each unit has 3 bedrooms (6 bedrooms total) and 1.5 baths per unit based on listed bedrooms and bathrooms
- Both units are currently occupied with lead certificates in hand
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.6k | $30.60 |
| − Vacancy | −$5.5k | −$2.30 |
| EGI | $68.1k | $28.31 |
| − OpEx | −$20.4k | −$8.49 |
| NOI | $47.7k | $19.81 |
2,406 SF · lease $30.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$681.0K
$595.9K – $794.5K
NOI $47,671 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$613.1K
$536.5K – $715.3K
NOI $42,919 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,278 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multi-family property with two 3-bedroom units near UMass Lowell.
Where is this duplex located?
The property is located at 492 Fletcher St Lowell, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑unit multi‑family property built in 1880; Each unit has 3 bedrooms (6 bedrooms total) and 1.5 baths per unit based on listed bedrooms and bathrooms; Both units are currently occupied with lead certificates in hand
