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INVESTMENT SNAPSHOT
About this property
Rare opportunity to own a spacious multi-family in Lowell’s Centralville neighborhood. Offering over 4,000 sq ft of living space, this property presents strong income potential with room to add value. Unit 2 is well maintained and leased at $3,200/month through August, providing immediate rental income. Unit 1 is vacant and ready for renovation — ideal for investors or owner-occupants looking to build equity. With generous room sizes and solid layout, this is a value-add opportunity. Conveniently located near schools, shopping, major routes, and downtown amenities.
Property details
| Units | 2 |
| Living area | 4,164 sqft |
| Lot size | 4,977 sqft |
| Year built | 1925 |
| Price / sqft | $180 |
| County | Middlesex |
| MLS # | 73478185 |
Listing status
| Days on market | 47 days |
| Listed on | February 18, 2026 |
Taxes & financials
| Annual property tax | $9,121 |
| Tax year | 2025 |
| Assessed value | $794,500 |
| Zoning | TTF |
| Gross income (actual) | $38,400/yr |
| Net operating income (actual) | $38,400/yr |
| Total actual rent | $3,200/mo |
Building & lot
| Stories | 6 |
| Total rooms | 17 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | On Street |
| Basement | Full, Walk-Out Access, Interior Entry, Bulkhead, Concrete |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Vinyl |
Utilities & systems
| Heating | Forced Air, Individual, Unit Control, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
Location
More about investing in Lowell →
Listing courtesy of 117 Realty — Michelle Delossantos. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 23 18th St, Lowell MA 01850 have?
It is a 2-unit multi-family property with 4,164 sqft of living area, built in 1925.
How long has 23 18th St, Lowell MA 01850 been on the market?
23 18th St, Lowell MA 01850 has been listed for 47 days (since February 18, 2026).
What is the estimated cap rate on this 2-family in Lowell?
Based on area median rents, the estimated cap rate is about 4.3%, with a Signal Score of 76/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $749,000 across 2 units, that works out to roughly $374,500 per unit.
What are the property taxes on 23 18th St, Lowell MA 01850?
Annual property taxes are $9,121 (2025), on an assessed value of $794,500.
What is the price per square foot?
At $749,000 for 4,164 sqft, that's about $180 per square foot.
Is there parking?
3 total parking spaces (on street).
Where is this property located?
23 18th St, Lowell MA 01850 is in Lowell, Middlesex County, MA 01850.
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