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Sold on 10/16/2024

506 Gorham St, Lowell, MA 01852

$421,000

Last sold 10/16/2024 for $525K

  • 6

    bed

  • 5

    bath

  • 3,976

    Sqft ($132/Sqft)

Multi-family not for sale
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About 506 Gorham St

Property type Multi-family
Neighborhood
Year built 1910
HOA fee $0/month
Lot size 5,663 Sqft
Movoto estimate
Property description
Great investor opportunity! This 5-unit building consists of four 1-bedroom apartments and one 2-bedroom apartment. Off street parking. Walking distance to downtown, shopping, dining, bus stops and train station. Close to major highways and Umass Lowell. All 5 units are occupied by long term tenants. Open house this coming Saturday 10/12 from 12-2pm
Listed by
Listing Agent - Jason Newbury
Listing Office - LAER Realty Partners
Source: MLS Property Information Network, Inc. mls logo
MLS#73274690 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 1 minute ago
Overview
Levels/Style 9
MLS # 73274690
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Up/Down
SqFt 3976
Lot Size (SqFt) 5663
Lot Size (Acres) 0.13
Annual Property Tax 6915
Year Built 1910
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 6
Total # of Rooms 16
Exterior
Foundation Other
# Parking Spaces 4
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Middlesex
Zoning TTF
APN 3190622
Directions GPS To 506 Gorham St
Multifamily Details
Net Operating Income 54600
Operating Expense 6756
Total Actual Rent 4550
Expense: Water/ Sewer 2233
Gross Income 54600
$421K
Range: $298K-$543K
Last 30 days 
  • Oct 2024
    mls logo MLS # 73274690
  • Oct 18, 2024 Active
    —
  • Oct 7, 2024 Price Change
    $599,000 (-7.7%)
  • Sep 18, 2024 Price Change
    $649,000 (-7.2%)
  • Aug 27, 2024 Price Change
    $699,000 (-2.8%)
  • Aug 7, 2024 Listed
    $719,000
  • Year Property taxes Tax assessment
  • 2025
    $7,009 +1.4%
    $610,500 +5.15%
  • 2024
    $6,915 -1.6%
    $580,600 +2.6%
  • 2023
    $7,028 +16.3%
    $565,900 +18.86%
  • 2022
    $6,042 +6.9%
    $476,100 +13.36%
  • 2021
    $5,653 +3.5%
    $420,000 +2.74%
  • 2020
    $5,462
    $408,800
  • 506 Gorham St
    $525K
  • Back Central
    $454K +30% y/y
  • 01852
    $542K +32% y/y
  • Lowell
    $498K +12% y/y
No chart available
Statistics calculated by Movoto

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5/10
Moody Elementary School
public Grades PK, K-4
Lowell School District
4/10
Abraham Lincoln Elementary School
public Grades PK, K-4
Lowell School District
2/10
Shaughnessy Elementary School
public Grades PK, K-4
Lowell School District
5/10
Benjamin F. Butler Middle School
public Grades 5-8
Lowell School District
3/10
Lowell High School
public Grades 9-12
Lowell School District
Source: GreatSchools.org © 2026. All rights reserved.

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