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    382 University Ave Lowell, MA 01852

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    For Sale
    $1,085,000

    Five-unit apartment building near UMASS North Campus.

    Lot size:
    0.13 Acres

    Property Features for 382 University Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1940

    Source: Northeast Private Client Group, LLC Agent James Casey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    University Avenue Apartments For Sale

    The University Avenue Apartments consist of five units, including one three-bedroom unit, three two-bedroom units, and one one-bedroom unit. Located in a desirable area of Lowell, it is situated just a half mile from UMASS North Campus. Residents have access to coin-operated laundry facilities and off-street parking. There is potential for a new owner to renovate the current units and increase rents, which are approximately 20% below market value. The building can be sold individually or as a package with 380 University Avenue.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3356258
    Latitude
    42.6589331

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building near UMASS North Campus.
    Where is this apartment building located?
    The property is located at 382 University Ave Lowell, MA.
    What is the asking price?
    The asking price for this property is $1,085,000.
    What are key features of this property?
    This property features: - Excellent Location: Highly desirable area of Lowell, just a half mile to UMASS North Campus; - Value-Add Opportunity: Ability to renovate units and increase rents (currently 20% under market); - Multi-Unit Building: Consists of 5 units (1-3 bedroom, 3-2 bedroom, and 1-1 bedroom)
    (413) 896-3060
    Request Owner's contact information
    382 University Ave Lowell, MA 01852
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    Lowell, MA 01852
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    382 University Ave Lowell, MA 01852
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