Great Opportunity To Own A Six Unit Multi-Family Steps Away From UMass Lowell And Public Transportation. Five units are 5rm/3bdrm and 100% occupied. All tenants are 30 day TAW. Owner's unit, (4rm/2bdrm), will be delivered vacant at closing. Property needs updating but bones appear solid. Separate systems. Even with below market rents current cap rate is 8%, with an 11% cash on cash return.
Sold for $850,000
$850,000
125-129 Salem St, Lowell, MA 01854
17beds
6,178sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$138/sqft
$2,509 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,509/mo
Zestimate® history
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$5,290/mo
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Zillow last checked:
Listing updated:
Listed by:
Raymond R. Clements 781-316-5952,
Investment Property Advisors 781-316-5952
Bought with:
Fedorouk & Guessous Group
Coldwell Banker Realty - Boston
Source: MLS PIN,MLS#: 73188193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 6
- Full bathrooms: 6
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,178
- Total interior livable area: 6,178 sqft
Property
Lot
- Size: 2,500 Square Feet
- Features: Level
Details
- Zoning: UMF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lowell
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $684,600
- Annual tax amount: $8,500
- Date on market: 1/1/2026
- Total actual rent: 8650
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2024 | Sold | $850,000-22.7%$138/sqft |
Source: MLS PIN #73188193 Report a problem | ||
| 12/31/2023 | Contingent | $1,100,000$178/sqft |
Source: MLS PIN #73188193 Report a problem | ||
| 12/19/2023 | Listed for sale | $1,100,000$178/sqft |
Source: MLS PIN #73188193 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Acre
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Nearby schools
GreatSchools rating
- 5/10Charlotte M Murkland Elementary SchoolGrades: PK-4Distance: 0.1 mi
- 6/10Bartlett Community Partnership SchoolGrades: PK-8Distance: 0.4 mi
- 4/10Lowell High SchoolGrades: 9-12Distance: 0.5 mi
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- Massachusetts
- Middlesex County
- Lowell
- 01854
- Acre
- 125-129 Salem St
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