$2,899,000
23
Baths
14,700
Living Area
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Property Description
BACK ON MARKET — PREVIOUS SALE DID NOT CLOSE DUE TO BUYER FINANCING TERMS NOT BEING FINALIZED.Mixed-use investment opportunity in a highly visible Lowell location on Gorham Street. 101–107 Gorham Street is a two-building, four-level mixed-use asset with strong street presence and excellent visibility, featuring ground-floor commercial space with residential units above, offering scale and long-term flexibility. 101 Gorham Street contains approximately 18 studio-style residential units, while 107 Gorham Street consists of a vacant residential space configured in a rooming-house style layout with potential for future rental use or reconfiguration (buyer to verify all use, zoning, and occupancy). The property benefits from consistent traffic, prominent frontage, and convenient access to Downtown Lowell, the Lowell Connector, public transportation, and nearby retail and dining amenities. Rare opportunity to acquire a substantial mixed-use asset with long-term upside in an active and evolving market. Buyer and buyer’s agent to perform all due diligence.
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Highlights
- Area: Downtown
- Parking Spots: 3
- Property Type: 5+ Family - Rooming House
- Total Rooms: 60
- Status: Active
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1888
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Additional Details
- Basement: Full, Interior Entry
- Flooring: Wood, Tile, Vinyl, Carpet
- Lot Features: Corner Lot, Level
- Roof: Rubber
- Total Number of Units: 18
- Year Built Source: Public Records
- Construction: Frame, Brick
- Foundation: Brick/Mortar
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Umu
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Amenities
- Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks
- Parking Features: Off Street
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Utilities
- Electric: Circuit Breakers, 60 Amps/Less, 200+ Amp Service, Common, Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,430,400
- Taxes: $16,421
- Tax Year: 2026
- Total Rent: $2,000
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Listing information provided courtesy of LAER Realty Partners.
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