345-347 Market St
Lowell, MA 01852
Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Building Size | 17,813 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1890 |
| Building Class | C | Parking Ratio | 0.9/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | UMU | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 17,813 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1890 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | UMU |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
Site Amenities
- On-Site Retail
About 345-347 MARKET ST , LOWELL, MA 01852
These downtown brick buildings come with great income and development opportunity. Residential part includes 11 fully rented units(nine 2 beds & two 1 beds). The buildings have been renovated to ensure decent conditions. Nearly all the apartments have been freshly painted and equipped with newer kitchen and bathrooms. Five retail units are also fully rented with brand new cafe and restaurants and produce consistent revenues. The buildings have potential to increase retail leases. The buildings are located in a desirable position in downtown Lowell next to city hall, providing easy access to surrounding points of interest. UMass Lowell & Merrimack River just a mile away, and public transportation for easier commute. Lowell Line commuter rail station in walking distance. Close access to highway makes this a great choice for commuters. About 40 minutes drive to Logan Airport and Boston! There have been no vacancies during ownership and units are fully occupied w/ many long term tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 9 | - | - |
Property Taxes
| Parcel Number | LOWE-000159-003905-000345 | Improvements Assessment | $904,700 |
| Land Assessment | $176,000 | Total Assessment | $1,080,700 |
Property Taxes
