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Investment Highlights

  • Access & Connectivity
  • Prime Merrimack Valley Location
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Off-Street Parking
  • Quality of Life Amenities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 116-118 Walker Street in Lowell, MA (the “Property”). The multi-story building contains one (1) 3-Bedroom/1-Bathroom unit, one (1) 2+Bedroom/1-Bathroom unit, and three (3) 1-Bedroom/1-Bathroom units with 3,832 square feet of gross living area in 5,627 square feet of gross area. The Property is situated upon a 0.09 acre parcel and features three (3) sets of tandem parking spaces, capable of fitting up to six (6) cars. 116–118 Walker Street is strategically located in the urban core of Lowell, offering convenient access to the city’s downtown amenities, neighborhood retail corridors, and surrounding residential communities. The property benefits from strong regional connectivity via major thoroughfares including Interstate 495 and U.S. Route 3, providing direct access to the broader Merrimack Valley and Greater Boston region.

Property Facts

Price $900,000
Price Per Unit $180,000
Sale Type Investment
Cap Rate 7.23%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.09 AC
Building Size 5,627 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900
Parking Ratio 0.53/1,000 SF
Zoning TMF
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 40020421

  • Date on Market: 4/3/2026

  • Last Updated:

  • Address: 116 Walker St, Lowell, MA 01854

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