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169-171 Salem St, Lowell MA 01854

Lowell, MA 01854
$1,300,000
Est. $8,077/month
8
Beds
4.5
Baths
7,178
Sq Ft
$181
Price/Sq Ft
0.21
Acres
1900
Year Built
10
Parking
234
Days on Market
Active Listed Nov 17, 2025 • MLS# 73455756 Copied! • Updated Jan 11, 2026

About this home

5 Unit Mixed Use Building near UMASS Lowell and within walking distance to many amenities. The property has been well maintained and updated and has plenty of off street parking. The first floor retail space also has a kitchen area with 2 walk-in coolers, 1 walking freezer, and pizza ovens. Two 3-Bedroom updated apartments are above the commercial space. The adjacent 2 residential units each have 1 bedroom. Unit 4 has access to the basement and laundry hookups. Unit 5 has a walkup attic with 2 semi finished rooms. All units have separate utilities as well as washer /dryer hookups. Letters of Initial Lead Inspection Compliance attached in documents for download. Business/Cote's market name, equipment and inventory included in the sale. Plenty of off street parking included.

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Recently Sold Nearby

Property History

Market Insights

53.8%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Nov 18, 2025
$1,300,000
Original listing
Agent: Raymond Boutin Office: RE/MAX Innovative Properties
Previous Transaction - MLS #72173580
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 7, 2018
$600,000
MLS #72173580

Tax History

Year Taxes Assessment
2025 $15,642 $908,600

Financial Details

Annual Property Tax
$15,642
Tax Year 2025
Assessed Value
$908,600

Facts & Features

Central AC

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 7,178 sq ft
Lot Size 0.21 acres
Bedrooms 8
Full Baths 4
Half Baths 1
Total Rooms 23

Investment Metrics

Units 5
Unit 1 Rent $2,500/mo · N
Unit 2 Rent $2,300/mo · N
Unit 3 Rent $1,700/mo · N
Unit 4 Rent $1,400/mo · N
Total Monthly Rent $7,900/mo
Gross Income $108,000
Net Operating Income $98,000
Operating Expenses $10,000
Water/Sewer Expense $2,800
Insurance Expense $7,200
Cap Rate 7.54%
Heating Central, Ductless, Forced Air, Electric
Cooling Ductless, Central Air
Flooring Vinyl, Carpet, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Partial
Laundry Washer Hookup, Dryer Hookup
Features Upgraded Cabinets, Upgraded Countertops, Kitchen, Office/den, Living Room, Laundry Room
Construction Frame
Architecture None
Roof Shingle, Slate, Rubber
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street
Total Spaces 10
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $15,642
Assessed Value $908,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyers Should Verify All Information. Property Assessed As Two Properties- A 3 Unit Mixed Use And A 2 Unit Residential Property. Year Built Is 1900 And 1920 Per Assessor Records. Some Expenses Have Been Rounded/estimated. Photos Utilized From Past Listings.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures Includes commercial area
Documents None
County Middlesex
Total market time (incl. prior listings) 55 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
8
Full Bathrooms
4
Half Bathrooms
1
Living Area
7,178 sq ft
Total Rooms
23
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Vinyl, Carpet, Hardwood
Appliances: Range, Refrigerator
Interior Features: Upgraded Cabinets, Upgraded Countertops, Kitchen, Office/Den, Living Room, Laundry Room
Windows:
Basement: Partial
Laundry: Washer Hookup, Dryer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Slate, Rubber
Foundation: Stone
Stories: 5

Heating, Cooling & Utilities

Heating: Central, Ductless, Forced Air, Electric
Heating Zones: 5
Cooling: Ductless, Central Air
Cooling Zones: 2
Hot Water: Electric
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 10
Parking Features: Paved Drive, Off Street
School District
Lowell School District local
C-
School Safety 2024-25
3.0% Above Average
2.8% Suspensions 0.8% In-School 0.2% Emergency
2.5% below state avg
E

Elementary Schools

3 schools
C+
Charlotte M Murkland Elementary School
0.2 mi | #560 of 824 | Score: 42.7
Improved 77 spots from last year
-15.5 below state avg
448 students Diverse
Rising School Diverse Student Body
Grades PK-04
St. Patrick School and Educational Center
0.3 mi
Grades PK-08
C
Bartlett Community Partnership School
0.4 mi | #266 of 352 | Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students Very Diverse
Rising School Diverse Student Body
Grades PK-08
M

Middle Schools

3 schools
B-
Kathryn P. Stoklosa Middle School
0.4 mi | #198 of 352 | Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students Diverse
Diverse Student Body
Grades 05-08
C-
Henry J Robinson Middle School
1.2 mi | #288 of 352 | Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students Diverse
Rising School Diverse Student Body
Grades 05-08
C
Dr. An Wang School
1.4 mi | #255 of 352 | Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students Very Diverse
Rising School Diverse Student Body
Grades 05-08
H

High Schools

3 schools
Old Colony Y Lowell Revocation Program
0.3 mi
Grades 09-12
F
Lowell Middlesex Academy Charter School
0.7 mi | #339 of 346 | Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students Diverse
College Ready Curriculum Diverse Student Body
Grades 09-12
F
The Career Academy
1.0 mi | #25 of 25 | Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students Diverse
Rising School Diverse Student Body
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,304
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

169-171 Salem St, Lowell MA 01854

Lowell, MA 01854

Listing Information

Listing Agent Raymond Boutin
Listing Office RE/MAX Innovative Properties
Office Phone 978-452-4432
Agent MLS ID D0001895
Office MLS ID AN5830
Listing Data Updated Jan 11, 2026 12:54 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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