31-33 Bourne Street
$887,500
9
Beds
3
Baths
3,900
Sqft
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$887,500
9
Beds
3
Baths
3,900
Living Area
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Property Description
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.
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Highlights
- Area: South Lowell
- Levels: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 18
- Status: Active
- Heating: Forced Air, Natural Gas
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
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Additional Details
- Appliances: Range, Microwave, Refrigerator
- Construction: Frame
- Flooring: Hardwood
- Interior Features: Living Room, Dining Room, Kitchen
- Roof: Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full
- Exterior Features: Balcony/Deck
- Foundation: Stone
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ttf
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $669,900
- Tax Year: 2026
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $7,668
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Alvarez Real Estate Group LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.