492 Fletcher St, Lowell MA 01854
Lowell, MA 01854
$649,900
Est. $3,914/month
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About this home
Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
May 4, 2026
$649,900
Original listing
Agent: Raymond Boutin
Office: RE/MAX Innovative Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/04/2026 | 🏠 Listed for Sale | $649,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,133 | $447,100 |
Financial Details
Annual Property Tax
$5,133
Tax Year 2025
Assessed Value
$447,100
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1880
Living Area
2,406 sq ft
Lot Size
0.05 acres
Bedrooms
6
Full Baths
2
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
$2,400/mo · N
Unit 2 Rent
$1,800/mo · N
Total Monthly Rent
$4,200/mo
Gross Income
$52,800
Net Operating Income
$52,800
Operating Expenses
$4,806
Water/Sewer Expense
$2,134
Insurance Expense
$1,807
Cap Rate
8.12%
Interior
Heating
None
Cooling
None
Flooring
Laminate, Hardwood
Appliances
Range, Refrigerator, Range Hood
Fireplace
None
Basement
Full, Interior Entry, Concrete, Unfinished
Laundry
Washer & Dryer Hookup
Features
Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Living Room, Kitchen
Exterior
Construction
Frame
Architecture
None
Roof
Shingle, Asphalt/composition Shingles
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,133
Assessed Value
$447,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyers And Buyers Agents To Verify All Information.
Exclusions
Tenant Property
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Spacious bedrooms make these unit appealing rentals.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
93 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1880
Bedrooms
6
Full Bathrooms
2
Living Area
2,406 sq ft
Total Rooms
10
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,406 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:
Laminate, Hardwood
Appliances:
Range, Refrigerator, Range Hood
Interior Features:
Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Living Room, Kitchen
Windows:
Basement:
Full, Interior Entry, Concrete, Unfinished
Laundry:
Washer & Dryer Hookup
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle, Asphalt/Composition Shingles
Foundation:
Stone
Stories:
2
Heating, Cooling & Utilities
Heating:
Heating Zones:
2
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Parking Features:
On Street
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
St. Patrick School and Educational Center
0.3 mi
Grades PK-08
C
Bartlett Community Partnership School
0.3 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
Hellenic American Academy
0.5 mi
Grades PK-08
St. Jeanne D'Arc Elementary School
0.7 mi
Grades PK-08
B
Lowell Community Charter Public School
0.7 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
St. Louis Elementary School
1.0 mi
Grades PK-08
B
Rogers STEM Academy
1.0 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
Community Christian Academy
1.0 mi
Grades PK-12
St. Michael Elementary School
1.1 mi
Grades PK-08
Immaculate Conception School
1.2 mi
Grades PK-08
Middle Schools
7 schools
B-
Kathryn P. Stoklosa Middle School
0.3 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
C
Dr. An Wang School
1.3 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-
Henry J Robinson Middle School
1.4 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
Laura Lee Therapeutic Day School
1.5 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
B+
James S Daley Middle School
1.7 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-
Benjamin F. Butler Middle School
1.8 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
C
James Sullivan Middle School
2.2 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
Old Colony Y Lowell Revocation Program
0.3 mi
Grades 09-12
F
Lowell Middlesex Academy Charter School
0.7 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
F
The Career Academy
0.9 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
D
Leblanc Therapeutic Day School
2.2 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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95% Interest
Year 15
50/50
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Location
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Neighborhood
492 Fletcher St, Lowell MA 01854
Lowell, MA 01854
Listing Information
Listing Agent
Raymond Boutin
Listing Office
RE/MAX Innovative Properties
Office Phone
978-452-4432
Agent MLS ID
D0001895
Office MLS ID
AN5830
Listing Data Updated
Aug 4, 2026 3:37 PM EDT
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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