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655 Westford St 7 Unit Apartment Building $1,200,000 ($171,429/Unit) 8.01% Cap Rate Lowell, MA 01851



Investment Highlights
- Access & Connectivity
- Prime Merrimack Valley Location
- Off-Street Parking
- Area Amenities & Demand Drivers
- Value-Add Potential
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 655 Westford Street, a seven (7) unit multi-family investment property located in Lowell, Massachusetts (the “Property”). The Property contains four (4) 2-Bedroom/1-Bathroom units, two (2) 1+-Bedroom/1- Bathroom units, and one (1) 1-Bedroom/1-Bathroom unit across 5,400 square feet of gross living area in 8,449 square feet of gross area. The Property is situated upon a 0.18-acre parcel and features five (5) sets of tandem parking spaces and two (2) additional parking spaces. 655 Westford Street is strategically located along one of Lowell’s primary commercial corridors, offering convenient access to the city’s major employment centers, retail destinations, and surrounding residential neighborhoods. The property benefits from excellent connectivity via Westford Street (Route 110) and is situated just minutes from the Lowell Connector, Interstate 495, and U.S. Route 3, providing efficient regional access throughout the Merrimack Valley, Greater Boston, and Southern New Hampshire. Its proximity to downtown Lowell, major shopping centers, and local universities further enhances the property's accessibility and long-term residential appeal.
Property Facts
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $171,429 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 8.01% | Building Size | 8,449 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Price | $1,200,000 |
| Price Per Unit | $171,429 |
| Sale Type | Investment |
| Cap Rate | 8.01% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 8,449 SF |
| No. Stories | 3 |
| Year Built | 1910 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | LOWE-000088-006285-000655 | Improvements Assessment | $683,400 |
| Land Assessment | $181,400 | Total Assessment | $864,800 |
Property Taxes
Parcel Number
LOWE-000088-006285-000655
Land Assessment
$181,400
Improvements Assessment
$683,400
Total Assessment
$864,800
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655 Westford St
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