28 Grand St

$1,025,000
Price
7
Beds
3,625 Sq. Ft.
$283 / Sq. Ft.
3,625
Sq. Ft.
$283
per Sq. Ft.

Description

Fantastic investment opportunity 8.29% CAP RATE ! Well-maintained 7-unit building featuring six 2-room studios (approx. 450 sq. ft. each) and one 2-bedroom unit (approx. 500 sq. ft.). All separate electric and gas utilities. All new separate heating systems and hot water tanks. Roof replaced 4 years ago. Long-term tenants with rents well below market—great upside potential for investors. Prime location just a 2-minute walk to train and bus station.Fantastic investment opportunity 8.29% CAP RATE ! Well-maintained 7-unit building featuring six 2-room studios (approx. 450 sq. ft. each) and one 2-bedroom unit (approx. 500 sq. ft.). All separate electric and gas utilities. All new separate heating systems and hot water tanks. Roof replaced 4 years ago. Long-term tenants with rents well below market—great upside potential for investors. Prime location just a 2-minute walk to train and bus station.
  1. Listed by Paul Brouillette • LAER Realty Partners

Property Details for 28 Grand Street

Town
Lowell
Area
MA-Lowell
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 12/18/2025 11:14 AM

Property Details for 28 Grand Street

StatusActive
MLS #73456346
Days on Market34
Taxes$6,575 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1850
CountyMiddlesex County

Location

Listing Courtesy of LAER Realty Partners, Paul Brouillette
Add your commute

Building Information for 28 Grand Street

Stories2Residences7Year Built1850Building Size-Lot Size0.06 AC / 2,614 SF

Payment Calculator

$5,613 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,065

Property Taxes

$548

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 28 Grand Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping
  • Living Area: 3625.0
  • Color: Beige
  • SqFt with Basement: No
  • Total Units: 7
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: See inclusion/exclusion rider.
Tax Information
  • Tax ID: M:141 B:2705 L:28,3185551
  • Assessments: $572,700
  • Book: 23590
  • Tax Year: 2025
  • Zoning: UMU
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 2
Other Building Characteristics
  • Foundation: Stone
  • Levels: 2
Income / Expenses
  • Electricity: $1,073.00
  • GOI: $103,200.00
  • Insurance: $5,000.00
  • GRE: $16,316
  • HTE: $1,667
  • RFS: $1,927
  • NOI: $85,008.00
  • Operating Expense: $16,316.00
  • WSE: $2,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Lease U3: N
Unit 4 Description
  • Lease U4: N
Rental Info
Rental Info
  • Total Actual Rent: $4,800.00

Property History for 28 Grand Street

DateEvent & SourcePriceAppreciation
Dec 11, 2025

Price Change

MLS PIN #73456346

$1,025,000
Nov 19, 2025

Listed (Active)

MLS PIN #73456346

$1,100,000
Dec 4, 2009

Sold (Public Record)

Public Record #279657467

$138,000

+5.9% / yr

Dec 4, 2009

Sold

MLS PIN #70963575

$138,000
Nov 7, 2009

Under Agreement

MLS PIN #70963575

Nov 7, 2009

Contingent

MLS PIN #70963575

Aug 19, 2009

Listed (Active)

MLS PIN #70963575

$225,900
Jun 28, 1997

Expired

MLS PIN #30144879

$114,900
Jan 28, 1997

Listed (Active)

MLS PIN #30144879

$114,900
Oct 20, 1993

Sold (Public Record)

Public Record #87864845

$55,000

+252.9% / yr

Dec 31, 1992

Sold (Public Record)

Public Record #87865991

$20,000
DateEvent & SourcePrice
12/11/2025

Price Change

MLS PIN #73456346

$1,025,000
11/19/2025

Listed (Active)

MLS PIN #73456346

$1,100,000
12/04/2009

Sold (Public Record)

Public Record #279657467

$138,000

+5.9% / yr

12/04/2009

Sold

MLS PIN #70963575

$138,000
11/07/2009

Under Agreement

MLS PIN #70963575

11/07/2009

Contingent

MLS PIN #70963575

08/19/2009

Listed (Active)

MLS PIN #70963575

$225,900
06/28/1997

Expired

MLS PIN #30144879

$114,900
01/28/1997

Listed (Active)

MLS PIN #30144879

$114,900
10/20/1993

Sold (Public Record)

Public Record #87864845

$55,000

+252.9% / yr

12/31/1992

Sold (Public Record)

Public Record #87865991

$20,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 28 Grand Street

Taxable ValueLand$100,700Additions$472,000Total$572,700
Tax Record2025$6,575 ($548 / month)
Home Facts
Baths5Total Finished SqFt3,625 SqFtAbove Grade Finished SqFt3,625 SqFtUnfinished Basement SqFt1,466 SqFtStories2Lot Size2,614 SqFtStyleMulti-Family Res (5+ Units)Year Built1850ZoningUMUCountyMIDDLESEXAPNLOWE M:141 B:2705 L:28

Schools near 28 Grand Street

This home is within Lowell School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - 5 to 8
Rating
School
Distance
Abraham Lincoln Elementary School
PublicPK to 4

Charlotte M Murkland Elementary School
PublicPK to 4

C.W. Morey Elementary School
PublicPK to 4

Kathryn P. Stoklosa Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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28 Grand Street is a multi-family home for sale in Lowell, MA 01851. This property was listed for sale on November 19, 2025 by LAER Realty Partners, it's currently listed at $1,025,000. It has been on the market for a total of 34 days and was last sold on December 4, 2009. This listing's school district is Lowell School District. Nearby schools include Abraham Lincoln Elementary School, Charlotte M Murkland Elementary School and C.W. Morey Elementary School. 28 Grand Street is a 7-bed, 7-bath, 3,625 sqft multi-family home built in 1850.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LAER Realty Partners, Paul Brouillette

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.