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You are here:
Home Lowell Multi-Family Homes for Sale

317 Nesmith Lowell, MA 01852

42 Days on Boston Pads
Price Reduced $30,000
35 Photos
$1,019,000
5 Unit
7 Beds
6 Baths
3131 SQFT
0.06 Acre
317 Nesmith
Lowell, MA 01852

Property Description

Very well maintained building with stabilized rents and performing at a 7.9% cap rate. This turn-key investment property 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 multi family investment property on the market in Lowell today!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Basement Features: Partial

Financial

  • APOD Available: Yes
  • Gross Operating Income: 112200
  • Net Operating Income: 112200

Utilities

  • Electric Info: 220 Volts, At Street
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Foundation Info: Concrete Block, Fieldstone
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73362935
  • Last Updated: 06/03/25

Mortgage Calculator

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Map & Resources

Moody Elementary School

Public Elementary School, Grades: PK-4

0.15mi

Holy Trinity Elementary School

Grades: 1-6

0.35mi

Saint Stanislaus Elementary School

Grades: 1-6

0.43mi

Peter W Reilly School

School

0.45mi

Leblanc Therapeutic Day School

Public Secondary School, Grades: 9-12

0.48mi

Ames Street School

School

0.53mi

Immaculate Conception School

Private School, Grades: PK-8

0.67mi

James Sullivan Middle School

Grades: 5 - 8

0.69mi

Catcher's Mitt

Bar

0.79mi

Cappy's Copper Kettle

Bar

0.84mi

Rizzo's Roast Beef and Pizza

Pizza & Sandwich Restaurant

0.71mi

New Great Taste

Chinese Restaurant

0.8mi

Espresso Pizza

Pizzeria

0.82mi

Green Bamboo

Restaurant

0.89mi

The Social Pup

Animal Boarding

0.86mi

Lowell General - Saints Campus

Hospital

0.6mi

Lowell Fire Department

Fire Station

0.46mi

Lowell Rescue & Ems

Fire Station

0.48mi

Lowell Fire Department

Fire Station

0.55mi

Lowell Fire Department

Fire Station

0.81mi

Lowell Fire Department

Fire Station

1.24mi

Lowell Police Department

Police

1.2mi

Lowell Memorial Auditorium

Theatre

0.74mi

Merrimack Repertory Theatre

Theatre

0.75mi

Middlesex Community College Merrimack Building

Theatre

0.77mi

Senior League Field

Sports Centre. Sports: Baseball

0.44mi

Themeles Field

Sports Centre. Sports: Soccer

0.9mi

Lowell Dog Park

Dog Park

0.88mi

Fort Hill

Municipal Park

0.03mi

Fort Hill

Municipal Park

0.1mi

Fort Hill

Municipal Park

0.12mi

Fort Hill Park

Park

0.27mi

Shedd Park

Municipal Park

0.29mi

Kittredge Park

Municipal Park

0.42mi

Father Kirwin Park

Park

0.5mi

The Splash Pad at Shedd Park

Playground

0.42mi

Shedd Park Playground

Playground

0.43mi

Richmond Ave Playground

Playground

0.49mi

Fayette Street Playground

Playground

0.55mi

Green Space

Recreation Ground

0.71mi

Green Space

Recreation Ground

0.72mi

Trull Brook Neighborhood O - S

Recreation Ground

0.79mi

Green Space

Recreation Ground

0.8mi

BP

Gas Station

0.46mi

Citgo

Gas Station

0.7mi

Xtra Fuels

Gas Station

0.73mi

Sunoco

Gas Station

0.87mi

Health Sciences Library

Library

0.71mi

Saints Memorial Medical Center Health Sciences Library

Library

0.73mi

Paul Gennell Memorial Library

Library

0.82mi

Library

Library

0.86mi

XtraMart

Convenience

0.71mi

Seller's Representative: Nick Cowden, Compass
MLS ID#: 73362935

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-06-03 08:44:00