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169-171 Salem St, Lowell MA 01854

Lowell, MA 01854 • Downtown
$600,000
8
Beds
4.5
Baths
7,178
Sq Ft
$84
Price/Sq Ft
0.21
Acres
1900
Year Built
10
Parking
126
Days on Market
Closed Listed May 31, 2017 • MLS# 72173580 Copied! • Updated Jun 7, 2018

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $600,000
Difference: +$1,000 (+0.2%)
Performance Metrics
100.2%
List to Sale Ratio
Sold above asking price
126
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $83
Sale $/sq ft: $84
This property sold for $84 per square foot
Sale Summary

This property sold for 0.2% above the original asking price, indicating strong buyer demand.

At 126 days on market, this property took longer than average to sell.

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 walk-in coolers and ovens. Two 3-Bedroom updated apartments are above the commercial space. Unit 2 rent is estimated. 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. Letters of Initial Lead Inspection Compliance attached in documents for download. Business is not included in the sale. Long term lease for the commercial property. Can be purchased with the Cote's Market Business.

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Recently Sold Nearby

Property History

Market Insights

53.9%
Price Range
105
Total Days on Market

Property Timeline

Current Active Listing - MLS #73455756
Full transaction history available when tracking began
🏡
Currently Listed
Nov 18, 2025
$1,300,000
MLS #73455756 - Active
Sold
Jun 7, 2018
$600,000
Property sold
Days on Market: 105
🏠
Listed for Sale
Jun 1, 2017
$599,000
Original listing
Agent: Raymond Boutin Office: RE/MAX Partners

Tax History

Year Taxes Assessment
2017 $7,400 $496,000

Financial Details

Annual Property Tax
$7,400
Tax Year 2017
Assessed Value
$496,000

Facts & Features

Central AC

Home Facts

Type Residential Income
Style 5-9 Family
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 $1,500/mo · Y
Unit 2 Rent $1,800/mo · Y
Unit 3 Rent $1,000/mo · N
Unit 4 Rent — · N
Total Monthly Rent $4,300/mo
Gross Income $67,200
Net Operating Income $67,200
Operating Expenses $8,144
Water/Sewer Expense $4,800
Electric Expense $120
Cap Rate 11.22%
Heating Central, Forced Air
Cooling Central Air
Flooring Hardwood
Appliances Range, Refrigerator, Washer, Dryer
Fireplace None
Basement None
Laundry None
Features Upgraded Cabinets, Upgraded Countertops, Office/den, Living Room, Kitchen, Laundry Room, Dining 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 $7,400
Assessed Value $496,000
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.
Exclusions Business, Equipment And Inventory.
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) 105 days

Property Overview

Property Type
5-9 Family
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: Hardwood
Appliances: Range, Refrigerator, Washer, Dryer
Interior Features: Upgraded Cabinets, Upgraded Countertops, Office/Den, Living Room, Kitchen, Laundry Room, Dining Room
Windows:
Basement:
Laundry:
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Central, Forced Air
Heating Zones: 5
Cooling: 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

10 schools
St. Patrick School and Educational Center
0.2 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
Hellenic American Academy
0.5 mi
Grades PK-08
St. Jeanne D'Arc Elementary School
0.7 mi
Grades PK-08
B
Lowell Community Charter Public School
0.7 mi | #158 of 352 | Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students Diverse
Rising School Diverse Student Body
Grades PK-08
St. Louis Elementary School
0.8 mi
Grades PK-08
B
Rogers STEM Academy
1.0 mi | #8 of 16 | Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students Diverse
Rising School Diverse Student Body
Grades K-08
St. Michael Elementary School
1.0 mi
Grades PK-08
Immaculate Conception School
1.1 mi
Grades PK-08
Lowell Youth Treatment Center
1.1 mi
Grades 01-12
M

Middle Schools

7 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
Laura Lee Therapeutic Day School
1.6 mi
15 students Diverse
Diverse Student Body
Grades 01-08
C-
Benjamin F. Butler Middle School
1.9 mi | #303 of 352 | Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students Very Diverse
Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
1.9 mi | #120 of 352 | Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students Diverse
Rising School Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
2.2 mi | #267 of 352 | Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students Diverse
Rising School Diverse Student Body
Grades 05-08
H

High Schools

4 schools
Old Colony Y Lowell Revocation Program
0.2 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
D
Leblanc Therapeutic Day School
2.1 mi | #376 of 346 | Score: 32.8
Same rank as last year
36 students Diverse
Diverse Student Body
Grades 09-12
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Location

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Neighborhood

Downtown

169-171 Salem St, Lowell MA 01854

Lowell, MA 01854

Listing Information

Listing Agent Raymond Boutin
Agent MLS ID D0001895
Office MLS ID AN2007
Listing Data Updated Jun 7, 2018 12:26 PM EDT
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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