$7,599 Closing Credit¹
#73348324, Mei Zhou, Listing Office: Coldwell Banker Realty - Andovers/Readings Regional
$629,000 List price
118 Gates St Lowell, MA 01851
$7,469
Closing credit¹
7 beds
2 full
2,793 sqft
0.1 acres
$225 / sqft
Multi-Family
Property details
About 118 Gates St
Excellent investment opportunity for this two-family home in the Highlands neighborhood of Lowell. Ideally situated on corner lot just minutes from shops, restaurants, parks, schools, public transportation and easily accessible to highway, this is a perfect location for both owner-occupants and investors alike. First unit has 3 bedrooms. Second unit has 4 bedrooms, laundry hook up and solar panels that were installed Fall 2024. Paved driveway provides ample parking plus a storage shed for added convenience. Sold as-is. Customize and add value over time while benefiting from passive income. Live in one, rent the other or rent both for solid income potential! Open House- Sat, May 10th & Sun, May 11th, 1–3 PM.
Highlights
Home typeMulti Family
HeatingNatural Gas, Electric
StatusActive
(New)
(New)
Size2,793 sqft
BasementYes
Lot size0.13 Acres
Year built1925
ParkingPaved Drive, Paved
MLS #73372165
Summary
- Full Bathrooms: 2
- Appliances: Range, Refrigerator, Range Hood
- Basement: Yes
- Flooring Type: Wood
- Interior: Ceiling Fan(s), Pantry, Living Room, Kitchen, Laundry Room
- Total Bedroom Count: 7
- Parking: Paved Drive, Paved
- Heating: Natural Gas, Electric
- List Price: $629,000
- Price/SqFt: $225
- Annual Tax Amount: $5,074
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Westford St to Bellevue St to Thayer St to Gates St
- Year Built: 1925
- Stories: 4
- Living Area: 2,793 SqFt
- Lot Size: 0.13 Acres
- MLS Number: 73372165
- MLS Name: MLS Property Information Network
- Office Name: Pailin Realty
- Office Phone: (978) 319-8958
- Listing Agent: Bonieta Lach
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 8:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$629,000
118 Gates St
$7,469
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 28, 2019 | Home Sold | $337,000 |
| Jan 05, 2012 | Home Sold | $185,000 |
| Jul 28, 2011 | Home Sold | $100,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $426,000 | $5,074 |
| 2023 | $379,600 | $4,715 |
| 2022 | $331,800 | $4,211 |
| 2021 | $289,900 | $3,902 |
| 2020 | $272,600 | $3,642 |
| 2019 | $242,900 | $3,410 |
History based on county public records data.
Nearby schools
6
Abraham Lincoln
Public District PK-4
0.3 mi
•300 Chelmsford St
6
Charles W Morey
Public District PK-4
0.6 mi
•130 Pine St
4
Washington
Public District PK-4
0.8 mi
•795 Wilder St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,932. Residents of Lowell, MA typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
45%
<35k
44%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
34%
Single, No Kids
34%
Single, with Kids
11%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
28%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Basketball
Soccer
Where do the neighbors shop?
Burlington
Ross Dress For Less
Forever 21
Where do the neighbors go to eat?
Popeyes
Jasons Deli
Dominos Pizza
What do the neighbors drive?
Dodge
Acura
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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This home is located at 118 Gates St in Lowell, MA and zip code 01851 in the Lower Highlands neighborhood. This 2,793 square foot home, which was built in 1925, sits on a 0.13 acre lot. Features: 7 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 9, 2025 and is currently priced at $629,000.
In April 2025, from all listings sold in Lowell, MA there were more than 25 sold above asking price, over 10 sold below and more than 7 were sold right at the asked price. In April 2025 in Lowell, MA there were 13.3% more homes for sale than in March. The median list price of listings available in April 2025 was $480,000, while the average time on the real estate market was 21 days.
From Rocket Homes Real Estate and based on county public records data.