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31 Lura St Lowell — Photo 1 of 42

31 Lura St Lowell — Photo 1 of 42

$489,900

Investment Analysis — 31 Lura St

Lowell, MA 01851 — Highlands

Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 3-bedroom in 01851 carries an estimated $2,720/mo in gross rent — about a 4.17% cap rate and $20,433/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,296

Style

Single Family

Built

1925

Established in one of Lowell’s Upper Highlands tree lined neighborhoods, this 1925 Colonial offers an ideal layout, several meaningful updates, and six off-street parking spaces. The roof was replaced approximately two or three years ago, the front entry steps and railings are new, and the driveway has been expanded with additional paved space in the rear. Inside, hardwood floors run through the main level, where the living and dining spaces flow naturally into one another. The kitchen has updated flooring, tile, and countertops, and the insulated three-season room adds extra space to use throughout much of the year, with hardwood flooring, replacement windows from 2023, and storage access underneath. Upstairs are three bedrooms and the full bath, while the full unfinished basement provides additional storage and room for the home’s mechanicals. With some of the larger updates already completed and plenty of room to make the home your own, it could be a great fit for someone looking to get started or simply looking for a manageable home in the Highlands. Convenient to shopping, public transportation, Route 3 and the Lowell Connector. First showings begin at the open house Friday, September 18 from 4:30–6:30 PM. Come take your time, walk through the space, and see what you think.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 648 sq ft (the lesser of 900 sq ft or half the 1,296 sq ft principal dwelling). Lot size: 3,485 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$489,900
Annual Taxes$4,373

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile, Flooring - Wood
BasementFull, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite
ZoningTSF

Property & Lot

Acres0.08
SqFt Lot3,485
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
Main,First
Living RoomDining RoomKitchenBathroom 2
Living Room
Lvl Main,First

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl Main,First

Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl Main,First

Ceiling Fan(s), Closet, Flooring - Vinyl, Countertops - Upgraded, Recessed Lighting, Lighting - Overhead

Primary Bedroom
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Lighting - Overhead

Bathroom 2
Lvl Main,First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Exterior Access, Remodeled, Lighting - Overhead

Listing Provided By

Listing Agent: Fermin Group

Listing Office: Century 21 North East

MLS® Number: 73577711