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Lowell 01852 South Lowell
3 Penn Ave
Photo of 3 Penn Ave
Sold on Jun 30, 2025

25

Map

Photo of 3 Penn Ave
Photo of 3 Penn Ave
$400,000
● House - Off Market

3 Penn Ave

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
962 Ft²
$2,274
Est. Monthly
8.67%
Cap Rate

About This Property

Adorable 3 bedroom 1 bath  Conventional style home close to highway and shopping. This home has been meticulously maintained and has had many updates in the last few years to include: All Renewal by Andersen windows with Levolor shades 2017, fresh paint 2017-18, furnace 10/24, vinyl flooring throughout except living room which has wall to wall carpet 2017-18, Bath remodel 2017-18, hot water tank 2017. MassSave went through the house just last year. Bright dining area with step down to kitchen. All rooms have new ceiling fans. On-street permitted parking right in front of the property which is completely fenced in. This is a must see for sure!! Showings start immediately
Unit Size
962 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$416
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MLSPIN #73371688)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
May 16, 2025 In contract -
In contract
May 8, 2025 Listed $399,900
Listed
Jun 8, 2001 Sold
Premium
Sold
Mar 14, 2001 Listed $119,900
Listed
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 588
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,520
  • Total Building Area: 962
  • Gross Building Area: 1,737
  • Building Area: 962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 962
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000035
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lowell School District
  • School Tax School District: LOWELL SD
  • Census Tract: 312200

Zoning

  • Zoning: TSF

Geography

  • Account Number: H01826
  • Parcel: LOWE M:167 B:4580 L:3
  • Block: 4580
  • Lot: 3
  • Municipality: LOWELL
  • Latitude: 42.6239
  • Longitude: -71.3134

    Address

  • Full Address: 3 Penn Ave
  • Address - House Number: 3
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C070
  • 4-Digit Zip Code: 4509
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $340,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 341,624
  • High Value: 407,281
  • Low Value: 275,967

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $274,500
  • Assessed Land Value: $88,900
  • Assessed Improvements Value: $185,600

    Sales

  • Current Sale Recording Date: Jun 08, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 14, 1995
  • Previous Sale Amount: $35,100
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Lowell

Stats & Trends

Median Asking:

$504,500

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2216 ft²

Average Home Age

74 years

Currently For Sale

20 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73371688

Frequently Asked Questions

When was property at 3 Penn Avenue built and last sold?
The property at 3 Penn Avenue was built in 1945 and last sold on Jan 1, 1970 for $118,000.
How much is this home worth?
The estimated value of the home located at 3 Penn Avenue is $0.
What are some comparable homes to 3 Penn Avenue?
There are currently no comparable homes to 3 Penn Avenue.
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