694 Merrimack Street Lowell — Photo 1 of 42
$2,250,000
Investment Analysis — 694 Merrimack Street
Lowell, MA 01854 — Downtown
Based on HUD Small Area Fair Market Rent for Lowell, MA HUD Metro FMR Area, a 9-unit multi-family in 01854 carries an estimated $20,250/mo in gross rent — about a 7.85% cap rate and $176,549/yr in estimated NOI at the $2,250,000 list price. Adjust every assumption in the calculator below.
Beds
14
Baths
8
SqFt
8,664
Style
5-9 Family
Built
1890
Fantastic opportunity to own a turnkey investment property consisting of nine total units, including two retail storefronts and seven residential units. This versatile property offers multiple income streams with strong potential for continued growth and long term investment. The property is ideal for investors looking to add a well established mixed use asset to their portfolio. Letters of Compliance are on file. Don’t miss this opportunity to own a substantial income producing property with both commercial and residential components.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Listing Agent: The Espinola Group
Listing Office: Keller Williams Realty-Merrimack
MLS® Number: 73565693
