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28 Grand St, Lowell MA 01851

Lowell, MA 01851
$1,100,000
$999,900
Est. $5,804/month
7
Beds
7
Baths
3,625
Sq Ft
$276
Price/Sq Ft
0.06
Acres
1850
Year Built
55
Days on Market
Pending Price Drop -$100,100 Listed Nov 19, 2025 • MLS# 73456346 Copied! • Updated Jan 21, 2026

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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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

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

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%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,575
Assessed Value $572,700
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures See Inclusion/exclusion Rider.
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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
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
E

Elementary Schools

3 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
M

Middle Schools

3 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
H

High Schools

3 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
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $548
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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