Investment Analysis — 1508 Gorham #306

Lowell, MA 01852

Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 2-bedroom in 01852 carries an estimated $2,160/mo in gross rent — about a 2.86% cap rate and $10,253/yr in estimated NOI at the $358,400 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,339

Style

Condominium

Built

1986

Welcome to Concord Meadows! This spacious top-floor condo is one of the larger units in the community and offers comfortable, low-maintenance living with the convenience of elevator access. The open-concept living and dining area is perfect for everyday living and entertaining, while the oversized eat-in kitchen provides plenty of space for dining and meal preparation.Move in with confidence knowing the major updates have already been completed, including a new water heater (February 2026) and an HVAC system replaced just a few years ago. Additional features include one deeded parking space in the heated garage beneath the building, ample storage, and a truly turnkey, move-in ready interior.Ideally located with easy access to major highways, shopping, restaurants, and all that Lowell has to offer, this is an excellent opportunity for first-time buyers, downsizers, or anyone looking for convenient condo living.

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 MLS and other third-party data may be inaccurate or out of date.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.