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Sold on 01/20/2026

98 School St, Lowell, MA 01854

$1,010,000

Last sold 01/20/2026 after 5 Days

  • 10

    bed

  • 4

    bath

  • 3,232

    Sqft ($313/Sqft)

Multi-family not for sale
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About 98 School St

Property type Multi-family
Neighborhood
Year built 1870
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Property description
Well-located 4-family property in Lowell’s high-demand School Street corridor, minutes to UMass Lowell (South Campus), downtown, shopping, restaurants, and the commuter rail. This 2-story building offers 4 units, 20 total rooms, 10 bedrooms, and 4 full baths. All units feature separate gas and electric utilities, with gas-fired water heaters, keeping operating expenses efficient. Excellent parking with a total of 8 spaces, including one permitted space in front of the property. Strong fundamentals, high rental demand, and a prime location make this an ideal opportunity for investors seeking long-term appreciation and income growth. A solid asset to add to or anchor any multifamily portfolio. All units are DELEADED!!! Offer deadline 1/20 at 5pm. Seller reserves the right to accept an offer before deadline.
Listed by
Listing Agent - MG Group
Listing Office - Century 21 North East
Source: MLS Property Information Network, Inc. mls logo
MLS#73468875 • last updated 7 months ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Levels/Style 4, 4
MLS # 73468875
Type Residential Income
Status Closed
SubType 4 Family
SqFt 3232
Lot Size (SqFt) 6098
Lot Size (Acres) 0.14
Annual Property Tax 7160
Year Built 1870
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 10
Total # of Rooms 20
Laundry Washer & Dryer Hookup
Appliances Range, Microwave, Refrigerator, Washer, Dryer, Range Hood
Exterior
Foundation Concrete Perimeter
Parking Desc Paved Drive
# Parking Spaces 8
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Middlesex
Community Features Public Transportation, Shopping, Pool, Park, Medical Facility, Laundromat, Highway Access, Public School, University
Zoning TMF
APN M:99 B:5240 L:98, 3179965
Directions Use GPS
Multifamily Details
Net Operating Income 102600
Total Actual Rent 8450
Gross Income 106200
Lot/ Land Details
Road Frontage Public
$1.02M
Range: $926K-$1.13M
Last 30 days 
  • Feb 2026
    mls logo MLS # 73468875
  • Feb 12, 2026 Sold
    $1,010,000 (+6.3%)
  • Jan 21, 2026 Active
    —
  • Jan 15, 2026 Listed
    $949,997
  • Year Property taxes Tax assessment
  • 2025
    $7,160 +0.7%
    $623,700 +4.44%
  • 2024
    $7,113 -1.8%
    $597,200 +2.37%
  • 2023
    $7,246 +14.0%
    $583,400 +16.47%
  • 2022
    $6,356 +6.2%
    $500,900 +12.61%
  • 2021
    $5,987 +3.2%
    $444,800 +2.46%
  • 2020
    $5,800
    $434,100
  • 98 School St
    $1.01M
  • The Acre
    $340K -12% y/y
  • 01854
    $514K +42% y/y
  • Lowell
    $479K +14% y/y
No chart available
Statistics calculated by Movoto

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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
2/10
Joseph McAvinnue Elementary School
public Grades PK, K-4
Lowell School District
5/10
Kathryn P. Stoklosa 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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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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