Some Lowell listings check one box. 40 Robert St, Lowell, MA 01854 checks several at once: a two-family home with 2,987 square feet, 6 bedrooms in total, and the kind of classic detail that newer construction cannot copy. It is offered at $699,900 through Doherty Properties, and it earns this week's home spotlight.
Two Homes Under One Roof
The first floor unit offers 2 bedrooms and 1 full bathroom, with a living room and kitchen, and it is currently rented at $2,000 a month. The upper unit spreads across the second and third floors with 4 bedrooms and 2 full bathrooms, giving an owner-occupant real room to live while the first floor helps carry the mortgage. For an investor, both units offer the layout tenants ask for: separate living space, full kitchens, and bedrooms that fit real furniture.
Character You Can Feel
Built in 1930, the home makes its first impression with a cheerful yellow exterior, classic shutters, stone-accented front steps, and a covered porch built for morning coffee. Inside, hardwood floors and rich wood trim run throughout, and the uppermost rooms add their own personality with sloped ceilings and skylights. Out back, an expansive rear deck opens up summer dinners and weekend gatherings. This is a property with warmth in every room, not a blank box.
The Practical Side
Each unit has its own boiler and water tank, all under ten years old and maintained annually, and gas, electric, and water are separately metered. Both units include a refrigerator, washer, and dryer. The home sits on city sewer and city water, with a fieldstone foundation and an unfinished basement for storage. For buyers running the numbers, Lowell multifamily is a proven segment: 143 multifamily properties have sold in the city year to date at a median price of $730,000, and investor inventory has more than doubled compared with last year.
Tour 40 Robert St
To schedule a showing or get the full details, contact Chris Doherty, REALTOR®, at 978-857-9580 or [email protected], or visit dohertyproperties.com. Chris is the #1 selling agent in Lowell. He personally sells 100+ homes a year, with 3,000+ career transactions, and Doherty Properties, the company he leads, has handled over $1 billion in real estate transactions. Whether you want to live in one unit and rent the other or add a versatile Lowell property to your portfolio, start with a tour.
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