98 School St

3,232 Sq. Ft.
$313 / Sq. Ft.
3,232
Sq. Ft.
$313
per Sq. Ft.

Description

Well-located 4-family property in Lowell’s high-demand School Street corridor, minutes to UMass Lowell (South Campus), downtown, shopping, restaurants, and the commuter rail. This 2-story building offers 4 units, 20 total rooms, 10 bedrooms, and 4 full baths. All units feature separate gas and electric utilities, with gas-fired water heaters, keeping operating expenses efficient. Excellent parking with a total of 8 spaces, including one permitted space in front of the property. Strong fundamentals,...Well-located 4-family property in Lowell’s high-demand School Street corridor, minutes to UMass Lowell (South Campus), downtown, shopping, restaurants, and the commuter rail. This 2-story building offers 4 units, 20 total rooms, 10 bedrooms, and 4 full baths. All units feature separate gas and electric utilities, with gas-fired water heaters, keeping operating expenses efficient. Excellent parking with a total of 8 spaces, including one permitted space in front of the property. Strong fundamentals, high rental demand, and a prime location make this an ideal opportunity for investors seeking long-term appreciation and income growth. A solid asset to add to or anchor any multifamily portfolio. All units are DELEADED! Offer deadline 1/20 at 5pm. Seller reserves the right to accept an offer before deadline.
  1. Listed by MG Group • Century 21 North East
  2. Listed by Gesiane Soares • Century 21 North East

Property Details for 98 School Street

Town
Lowell
Area
MA-Lowell
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8
LISTING UPDATED: 02/12/2026 09:30 AM

Property Details for 98 School Street

StatusSold
MLS #73468875
Days on Market20
Taxes$7,160 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1870
CountyMiddlesex County

Location

Listing Courtesy of Century 21 North East, MG Group; Century 21 North East, Gesiane Soares

Sold By Keller Williams Realty-Merrimack, Kelly Espinola

Add your commute

Building Information for 98 School Street

Stories4Residences4Year Built1870Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$5,519 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,923

Property Taxes

$597

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 98 School Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Park, Medical Facility, Laundromat, Highway Access, Public School, University
  • Current Financing: Cash
  • Living Area: 3232.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Range Hood
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Laundry Features: Washer & Dryer Hookup
  • 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: Washer and dryer for unit 2 front belongs to tenants and their rental is reflecting the increase that will start in April 2026. Seller reserves the right to accept an offer before deadline.
Tax Information
  • Tax ID: M:99 B:5240 L:98,3179965
  • Assessments: $623,700
  • Book: 36258
  • Tax Year: 2025
  • Zoning: TMF
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Levels: 4
Income / Expenses
  • GOI: $106,200.00
  • NOI: $102,600.00
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: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,450.00

Property History for 98 School Street

DateEvent & SourcePriceAppreciation
Feb 6, 2026

Sold

MLS PIN #73468875

$1,010,000
Jan 20, 2026

Under Agreement

MLS PIN #73468875

Jan 20, 2026

Contingent

MLS PIN #73468875

Jan 15, 2026

Listed (Active)

MLS PIN #73468875

$949,997
DateEvent & SourcePrice
02/06/2026

Sold

MLS PIN #73468875

$1,010,000
01/20/2026

Under Agreement

MLS PIN #73468875

01/20/2026

Contingent

MLS PIN #73468875

01/15/2026

Listed (Active)

MLS PIN #73468875

$949,997

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

Public Records for 98 School Street

Taxable ValueLand$112,700Additions$511,000Total$623,700
Tax Record2025$7,160 ($597 / month)
Home Facts
Baths4Total Finished SqFt3,232 SqFtAbove Grade Finished SqFt3,232 SqFtUnfinished Basement SqFt1,616 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1870ZoningTMFCountyMIDDLESEXAPNLOWE M:99 B:5240 L:98

Schools near 98 School 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 - PK to 8
Rating
School
Distance
Charlotte M Murkland Elementary School
PublicPK to 4

Joseph McAvinnue Elementary School
PublicPK to 4

C.W. Morey Elementary School
PublicPK to 4

Bartlett Community Partnership School
PublicPK 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.

Similar Homes

Similar Sold Homes

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 Century 21 North East, MG Group; Century 21 North East, Gesiane Soares

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.