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INVESTMENT SNAPSHOT
About this property
Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!
Property details
| Units | 5 |
| Living area | 3,131 sqft |
| Lot size | 2,613 sqft |
| Year built | 1920 |
| Price / sqft | $318 |
| County | Middlesex |
| MLS # | 73484860 |
Listing status
| Days on market | 25 days |
| Listed on | March 10, 2026 |
Taxes & financials
| Annual property tax | $8,348 |
| Tax year | 2026 |
| Assessed value | $735,500 |
| Zoning | TMF |
| Gross income (actual) | $112,200/yr |
| Net operating income (actual) | $112,200/yr |
| Total actual rent | $9,350/mo |
Building & lot
| Stories | 5 |
| Total rooms | 18 |
| Lot size | 0.06 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Partial |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Compass — Nick Cowden. 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 317 Nesmith St., Lowell MA 01852 have?
It is a 5-unit multi-family property with 3,131 sqft of living area, built in 1920.
How long has 317 Nesmith St., Lowell MA 01852 been on the market?
317 Nesmith St., Lowell MA 01852 has been listed for 25 days (since March 10, 2026).
What is the estimated cap rate on this 5-family in Lowell?
Based on area median rents, the estimated cap rate is about 8.0%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $995,000 across 5 units, that works out to roughly $199,000 per unit.
What are the property taxes on 317 Nesmith St., Lowell MA 01852?
Annual property taxes are $8,348 (2026), on an assessed value of $735,500.
What is the price per square foot?
At $995,000 for 3,131 sqft, that's about $318 per square foot.
Where is this property located?
317 Nesmith St., Lowell MA 01852 is in Lowell, Middlesex County, MA 01852.
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