28 Grand St, Lowell MA 01851
Lowell, MA 01851
$1,100,000
$999,900
Est. $5,804/month
About this home
Fantastic investment opportunity 8.93% CAP RATE ! Well-maintained 7-unit building featuring six 2-room studios (approx. 450 sq. ft. each) and one 2-bedroom unit (approx. 500 sq. ft.). All separate electric and gas utilities. All new separate heating systems and hot water tanks. Roof replaced 4 years ago. Long-term tenants with rents well below market—great upside potential for investors. Prime location just a 2-minute walk to train and bus station.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
9.1%
Price Range
Property Timeline
Pending Sale
Jan 13, 2026
Offer accepted, sale pending
Price Reduced
Jan 9, 2026
$999,900
$25,100
(-2.45%)
From $1,025,000 to $999,900 (-2.5%)
Price Reduced
Dec 11, 2025
$1,025,000
$75,000
(-6.82%)
From $1,100,000 to $1,025,000 (-6.8%)
Showing Instructions Updated
Dec 5, 2025
New showing requirements
Listed for Sale
Nov 19, 2025
$999,900
Original listing
Agent: Paul Brouillette
Office: LAER Realty Partners
Listed for Sale
Nov 19, 2025
$1,100,000
Original listing
Agent: Paul Brouillette
Office: LAER Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/13/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 01/09/2026 | ↓ Price Reduced | $999,900 | $25,100 | - | From $1,025,000 to $999,900 (-2.5%) |
| 12/11/2025 | ↓ Price Reduced | $1,025,000 | $75,000 | - | From $1,100,000 to $1,025,000 (-6.8%) |
| 12/05/2025 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 11/19/2025 | 🏠 Listed for Sale | $999,900 | - | - | Original listing |
| 11/19/2025 | 🏠 Listed for Sale | $1,100,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,575 | $572,700 |
Financial Details
Annual Property Tax
$6,575
Tax Year 2025
Assessed Value
$572,700
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1850
Living Area
3,625 sq ft
Lot Size
0.06 acres
Bedrooms
7
Full Baths
7
Total Rooms
11
Investment Metrics
Units
7
Unit 1 Rent
$1,200/mo · N
Unit 2 Rent
$1,200/mo · N
Unit 3 Rent
$1,200/mo · N
Unit 4 Rent
$1,200/mo · N
Total Monthly Rent
$4,800/mo
Gross Income
$103,200
Net Operating Income
$85,008
Operating Expenses
$16,316
Water/Sewer Expense
$2,000
Electric Expense
$1,073
Insurance Expense
$5,000
Cap Rate
8.50%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,575
Assessed Value
$572,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
See Inclusion/exclusion Rider.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
56 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1850
Bedrooms
7
Full Bathrooms
7
Living Area
3,625 sq ft
Total Rooms
11
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,625 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1850
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
2
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Paved Drive
Nearby Schools
School District
Lowell School District local
C-
School Safety
2024-25
3.0%
Above Average
2.8%
Suspensions
0.8%
In-School
0.2%
Emergency
2.5% below state avg
Elementary Schools
10 schools
B
Lowell Community Charter Public School
0.4 mi
|
#158 of 352
|
Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
B
Rogers STEM Academy
0.4 mi
|
#8 of 16
|
Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students
Diverse
Rising School
Diverse Student Body
Grades K-08
Hellenic American Academy
0.4 mi
Grades PK-08
St. Patrick School and Educational Center
0.6 mi
Grades PK-08
C
Bartlett Community Partnership School
0.8 mi
|
#266 of 352
|
Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-08
Community Christian Academy
0.9 mi
Grades PK-12
Immaculate Conception School
1.0 mi
Grades PK-08
Lowell Catholic School
1.1 mi
Grades PK-12
St. Michael Elementary School
1.2 mi
Grades PK-08
St. Louis Elementary School
1.3 mi
Grades PK-08
Middle Schools
7 schools
B-
Kathryn P. Stoklosa Middle School
0.5 mi
|
#198 of 352
|
Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students
Diverse
Diverse Student Body
Grades 05-08
Laura Lee Therapeutic Day School
0.9 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
C-
Benjamin F. Butler Middle School
1.1 mi
|
#303 of 352
|
Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students
Very Diverse
Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
1.4 mi
|
#120 of 352
|
Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C-
Henry J Robinson Middle School
1.7 mi
|
#288 of 352
|
Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C
Dr. An Wang School
1.8 mi
|
#255 of 352
|
Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students
Very Diverse
Rising School
Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
1.9 mi
|
#267 of 352
|
Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
High Schools
4 schools
F
The Career Academy
0.4 mi
|
#25 of 25
|
Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students
Diverse
Rising School
Diverse Student Body
Grades 09-12
F
Lowell Middlesex Academy Charter School
0.6 mi
|
#339 of 346
|
Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
0.6 mi
Grades 09-12
D
Leblanc Therapeutic Day School
1.7 mi
|
#376 of 346
|
Score: 32.8
Same rank as last year
36 students
Diverse
Diverse Student Body
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
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95% Interest
Year 15
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Location
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Neighborhood
28 Grand St, Lowell MA 01851
Lowell, MA 01851
Listing Information
Listing Agent
Paul Brouillette
Listing Office
LAER Realty Partners
Office Phone
978-251-8221
Agent MLS ID
D0008773
Office MLS ID
AN1199
Listing Data Updated
Jan 21, 2026 1:23 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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