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9 Beds
3 Baths
3,900 sqft

$887,500

31-33 Bourne Street, Lowell MA, 01852

Price per sqft$227.56
Built in1910
Property size3,900 sqft
Property typeMulti-family

Overview

Active

Back On Market

Listed Aug 19, 2026

Updated 12h ago

Well-maintained 3-unit multifamily offering in Lowell’s established South Lowell neighborhood, featuring three spacious 3BR/1BA apartments and approximately 3,900 SF of living area. Two of the three units will be delivered vacant and move-in ready at closing, offering immediate flexibility for an investor or owner-occupant to lease, occupy, or further improve. Recent capital improvements include a newer EPDM rubber roof (2022), refinished hardwood flooring, new luxury vinyl plank flooring, updated bathroom vanities, and newer appliances in the first- and second-floor units. Additional features include in-unit washer/dryer hookups, usable yard space, separately metered forced hot-air gas heating, and updated electrical service, helping minimize landlord-paid utility expenses. Additional value-add potential may exist to reconfigure existing 3BR layouts into 4BR units, subject to applicable approvals and permitting. Conveniently located near Downtown Lowell with quick access to the Lowell Connector, Route 3, I-495, LRTA service, MBTA commuter rail, shopping, dining, parks, and major employment and educational centers. A compelling opportunity combining immediate vacancy, recent improvements, efficient utilities, and long-term income-growth potential.

$5,905/mo

Est. mortgage payment based on a $887,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73565786

Interior Features

Bedrooms
9
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$7,668
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Michael Alvarez with Alvarez Real Estate Group LLC

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Data last updated 7:37 AM UTC, 10/23/2026

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