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Sold on 03/08/2024

42 Mammoth Rd, Lowell, MA 01854

$1,202,000

Last sold 03/08/2024 for $1.28M

  • 8

    bed

  • 8

    bath

  • 5,740

    Sqft ($224/Sqft)

Multi-family not for sale
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About 42 Mammoth Rd

Property type Multi-family
Neighborhood
Year built 1880
HOA fee $0/month
Lot size 4,053 Sqft
Movoto estimate
Property description
LOCATION, LOCATION, LOCATION! Rare opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from the 4 two bedroom units and 4 (used as 3) retail store fronts generating over 120K a year gross with room to increase rents and generate a cap rate of over 7.6%. The building features vinyl siding. Recent upgrades included brand new 2022 roof, back deck security cameras, and more. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryers in unit.
Listed by
Listing Agent - Lynda Le
Listing Office - Thread Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#73207318 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Levels/Style 10
MLS # 73207318
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 5740
Lot Size (SqFt) 4053
Lot Size (Acres) 0.09
Annual Property Tax 5549
Year Built 1880
Interior
Total # of Bathrooms 8
# Full Baths 8
Total # of Bedrooms 8
Basement Unfinished
Total # of Rooms 23
Exterior
Foundation Stone
Parking Desc Paved Drive, Off Street
# Parking Spaces 5
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Middlesex
Zoning NB
APN M:98 B:3815 L:42, 3179865
Directions GPS
Multifamily Details
Net Operating Income 80340
Total Actual Rent 10049
Gross Income 80340
Lot/ Land Details
Road Frontage Public
$1.2M
Range: $1.04M-$1.35M
Last 30 days 
  • May 2024
    mls logo MLS # 73207318
  • May 2, 2024 Sold
    $1,285,000 (+2.8%)
  • Feb 29, 2024 Listed
    $1,250,000
  • Year Property taxes Tax assessment
  • 2025
    $6,375 +10.1%
    $555,300 +14.24%
  • 2024
    $5,789 +4.3%
    $486,100 +8.8%
  • 2023
    $5,549 +13.8%
    $446,800 +4.61%
  • 2020
    $4,878
    $427,100
  • 42 Mammoth Rd
    $1.28M
  • Pawtucketville
    $524K +8% y/y
  • 01854
    $514K +42% y/y
  • Lowell
    $438K +4% y/y
No chart available
Statistics calculated by Movoto

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2/10
Joseph McAvinnue Elementary School
public Grades PK, K-4
Lowell School District
4/10
Bartlett Community Partnership School
public Grades PK, K-8
Lowell School District
4/10
Charlotte M Murkland Elementary School
public Grades PK, K-4
Lowell School District
5/10
Kathryn P. Stoklosa Middle School
public Grades 5-8
Lowell School District
4/10
Dr an Wang School
public Grades 5-8
Lowell School District
Source: GreatSchools.org © 2026. All rights reserved.

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