CCertihomes
230 Cumberland Rd, Lowell, MA 01850

$549,900

0 beds 4 baths 1,296 sqft Built 19404 days on marketActive

About this home

With its mixed-use design, this property presents an excellent investment opportunity, catering to both residential and commercial tenants. The property features a versatile layout with two residential units along with a commercial space suitable for a range of businesses. Its proximity to the university makes it an attractive option for students and professionals working in the area. Residents will benefit from a diverse array of shops and restaurants nearby and enjoy easy access to the scenic river walk, perfect for leisurely strolls or outdoor activities. With Lowell experiencing ongoing development and revitalization, this property holds potential for future appreciation, making it an attractive long-term investment.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$5,156/mo

Real estate (PITI + HOA + PMI)
$4,871
Principal + interest$3,546
Property tax + insurance$1,119
PMI / 2nd mortgage$206
Utilities
$516
Heating + cooling$96
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$158
$5,156/mo TLC
Budget$5,656/mo
Remaining after TLC$500/mo
Purchase price
$549,900
Down payment
$27,495 (5%)
Loan amount
$522,405
APR
7.2%

Quick facts

Type
Multi Family
Style
Year built
1940
Lot size
0.11 ac
Stories
4
Heating
Electric
Cooling
Water
Public
HOA
Annual tax
$6,904
MLS #
73233529
County
Middlesex

Home features

Appliances
RangeRefrigerator
Interior
Ceiling Fan(s)
Parking
Paved Drive
Sewer
Public Sewer

Neighborhood — 01850

MetricThis ZIPCountyUSA
Population13,8636,444,931299,088,112
Population Change Since19903.00%7.00%20.00%
Population Density9,478786
Male6,8513,127,134147,432,321
Female7,0123,317,797151,655,844
Never Married4,1291,612,88563,775,926
Married3,9132,586,314123,120,365
Separated616247,85712,639,686
Widowed615363,59415,467,586
Divorced1,182436,88823,075,029
Number Of House Hold4,9632,431,591111,826,380
Average House Hold Size2.762.562.60
Medial Age31.0337.2535.46
Median House Hold Income$42,226$57,698$48,276
Average House Hold Income$43,674$75,023$63,629
P C I$16,380$29,196$24,529
M D I$36,726$48,105$41,133
A T H E$40,036$57,083$50,898
S T R5.00%5.00%
W C J81.03%81.38%77.74%
(Zip) Code
1850

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 5/10/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.