382 University Avenue, Lowell MA 01852
Lowell, MA 01852
$1,085,000
Est. $6,425/month
About this home
The University Avenue Apartments consists of 5 units and is comprised of 1-3 bedroom unit, 3-2 bedroom units and 1-1 bed unit. Tenants enjoy coin-operated laundry and off-street parking in a highly desirable area of Lowell located just a half a mile to UMASS North Campus. New owner has the ability to renovate the current units and increase the rents which are roughly 20% under market. All interested and qualified parties can tour the building and obtain additional information upon request. This building can be sold individually or as a package with 380 University Avenue.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Nov 4, 2025
$1,085,000
Original listing
Agent: Drew Kirkland
Office: Northeast Private Client Group, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/04/2025 | 🏠 Listed for Sale | $1,085,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,868 | $772,500 |
Financial Details
Annual Property Tax
$8,868
Tax Year 2025
Assessed Value
$772,500
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1940
Living Area
4,458 sq ft
Lot Size
0.13 acres
Bedrooms
10
Full Baths
5
Total Rooms
21
Investment Metrics
Units
5
Unit 1 Rent
$1,915/mo · Y
Unit 2 Rent
$1,550/mo · Y
Unit 3 Rent
$2,000/mo · Y
Unit 4 Rent
$1,560/mo · Y
Total Monthly Rent
$7,025/mo
Gross Income
$107,064
Net Operating Income
$107,064
Cap Rate
9.87%
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
None
Total Spaces
5
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,868
Assessed Value
$772,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
13 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1940
Bedrooms
10
Full Bathrooms
5
Living Area
4,458 sq ft
Total Rooms
21
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,458 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:
1940
Structure Type:
Exterior Materials:
Roof:
Foundation:
Brick/Mortar, Irregular
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
5
Parking Features:
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
3 schools
St. Jeanne D'Arc Elementary School
0.3 mi
Grades PK-08
B-
Joseph McAvinnue School
0.4 mi
|
#485 of 824
|
Score: 45.2
Improved 202 spots from last year
-13 below state avg
447 students
Diverse
Rising School
Diverse Student Body
Grades PK-04
Atlas Academy
0.8 mi
Grades PK-03
Middle Schools
3 schools
C
Dr. An Wang School
1.0 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
B
Justus C. Richardson Middle School
1.2 mi
|
#172 of 352
|
Score: 42.7
Improved 53 spots from last year
-15.5 below state avg
916 students
Diverse
Rising School
Grades 06-08
B-
Kathryn P. Stoklosa Middle School
1.2 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
High Schools
3 schools
C+
Dracut Senior High School
1.1 mi
|
#223 of 346
|
Score: 49.2
Dropped 61 spots from last year
-9 below state avg
792 students
Diverse
17 sports
• 1,364 athletes
College Ready Curriculum
Strong Athletics
Grades 09-12
Old Colony Y Lowell Revocation Program
1.2 mi
Grades 09-12
F
Lowell Middlesex Academy Charter School
1.6 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
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$739
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
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
382 University Avenue, Lowell MA 01852
Lowell, MA 01852
Listing Information
Listing Office
Northeast Private Client Group, LLC
Office Phone
857-990-6800
Agent MLS ID
CN257279
Office MLS ID
AN8574
Listing Data Updated
Jan 9, 2026 10:24 AM 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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