
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Recessed Lighting
Dining Room
Lvl Main,FirstFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Main,FirstCeiling Fan(s), Closet, Flooring - Vinyl, Countertops - Upgraded, Recessed Lighting, Lighting - Overhead
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Lighting - Overhead
Bathroom 2
Lvl Main,FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Exterior Access, Remodeled, Lighting - Overhead
Listing Agent: Fermin Group
Listing Office: Century 21 North East
MLS® Number: 73577711