492 Fletcher St, Lowell, MA, 01854
About This Home
Lead Certificates in hand. Property being sold with both units occupied. Strong investment opportunity at 492 Fletcher Street in Lowell. This multi-family property features two units, each offering three bedrooms, creating excellent rental potential in a high-demand area. With separate utilities, investors benefit from simplified management and the ability to control expenses and maximize cash flow. Ideally located near University of Massachusetts Lowell, this property is well-positioned to attract consistent tenant demand, including students, faculty, and local workforce renters. Convenient access to major routes, public transportation, and downtown Lowell amenities further enhances its appeal. A solid addition to any portfolio or a great opportunity for an owner-occupant looking to offset their mortgage with rental income.
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1880
Materials
- Foundation: Stone
- Roof: Shingle,Asphalt/Composition Shingles
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Refrigerator,Range Hood
- Laundry features: Washer & Dryer Hookup
Basement
- Has basement: Yes
- Basement: Full,Interior Entry,Concrete,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),Pantry,Bathroom With Tub & Shower,Living Room,Kitchen
- Flooring: Laminate,Hardwood
- Finished area above ground: 2,406
Interior Area
- Total structure area: 2,406
- Total interior livable area: 2,406 sqft
Property
Details
- Parcel number: M:117 B:2340 L:492,3182443
- Zoning: USF
- Exclusions: Tenant Property
Lot
- Lot size: 2,178 sqft
- Features: Level
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $234 | $2,808 |
| Property Taxes | $602 | $7,224 |
| Electricity | $474 | $5,693 |
| Total | $4,596 | $55,152 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Listed for sale | $649,900 |
| 2009-03-17 | Sold | $99,550 |
| 2008-04-28 | Listing removed | $199,000 |
| 2008-01-29 | Listed for sale | $219,000 |
| 2001-01-05 | Sold | $85,000 |
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