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1149 Middlesex St 21 Unit Apartment Building $2,300,000 ($109,524/Unit) 4.93% Cap Rate Lowell, MA 01851
INVESTMENT HIGHLIGHTS
- Built in 2017
- Class A Units
- Private Parking
- Security System
EXECUTIVE SUMMARY
Immaculate 6-unit multifamily in Lowell’s Highlands, built in 2017 and just steps from UMass Lowell campus. Pride of ownership is evident throughout with tile flooring, granite countertops, stainless steel appliances, high ceilings, and custom woodwork. Each unit is separately metered for gas and electric and includes its own central heat and AC. The property is fully fenced and features off-street parking for each unit as well as security cameras monitoring the parking lot and common areas. A rare turnkey investment in a prime location with strong rental demand.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,300,000 | Building Class | C |
| Price Per Unit | $109,524 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 4,451 SF |
| Cap Rate | 4.93% | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | M2001 | ||
| Price | $2,300,000 |
| Price Per Unit | $109,524 |
| Sale Type | Investment |
| Cap Rate | 4.93% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 4,451 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | M2001 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Granite Countertops
- Sprinkler System
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,750 | - |
| 2+1.5 | 3 | $2,500 | - |
| 2+1 | 6 | $2,300 | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | LOWE-000102-004085-001149 | Total Assessment | $1,230,200 (2025) |
| Land Assessment | $206,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,024,200 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
LOWE-000102-004085-001149
Land Assessment
$206,000 (2025)
Improvements Assessment
$1,024,200 (2025)
Total Assessment
$1,230,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1149 Middlesex St
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