Log In/Sign Up
Your email has been sent.
91-Unit Portfolio 4 Multifamily Properties Offered at $21,550,000 in Lowell, MA
Investment Highlights
- Access & Connectivity
- Nearby Higher Education
- Off-Street Parking
- Area Amenities & Demand Drivers
- Desirable Brick Construction
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a 91-Unit multi-family investment portfolio located at 170 Cross St, 18-24 Waugh St, 146 Stevens St, and 169 Aiken Ave in Lowell, MA (the “Properties” or the “Portfolio”). The Portfolio consists of ninety-one (91) total units, comprised of sixty-five (65) 2-Bedroom/1-Bathroom units, twenty-three (23) 1-Bedroom/1-Bathroom units, and three (3) Studio units with 69,855 square feet of gross living area in 78,658 square feet of gross area. The Portfolio is spread across 2.24-acres of land and features ninety-four (94) off-street parking spaces.
The Portfolio is strategically located throughout Lowell, offering residents convenient access to the city's downtown business district, established neighborhood retail corridors, and surrounding residential communities. The properties benefit from excellent regional connectivity via Interstate 495, the Lowell Connector, U.S. Route 3, and nearby Interstate 93, providing efficient access to the Merrimack Valley, Greater Boston, and Southern New Hampshire while supporting strong commuter appeal and long-term rental demand.
The Portfolio is strategically located throughout Lowell, offering residents convenient access to the city's downtown business district, established neighborhood retail corridors, and surrounding residential communities. The properties benefit from excellent regional connectivity via Interstate 495, the Lowell Connector, U.S. Route 3, and nearby Interstate 93, providing efficient access to the Merrimack Valley, Greater Boston, and Southern New Hampshire while supporting strong commuter appeal and long-term rental demand.
Property Facts
| Price | $21,550,000 | Number of Properties | 4 |
| Price / SF | $205.18 / SF | Individually For Sale | 0 |
| Cap Rate | 6.92% | Total Building Size | 105,028 SF |
| Sale Type | Investment | Total Land Area | 2.37 AC |
| Status | Active |
| Price | $21,550,000 |
| Price / SF | $205.18 / SF |
| Cap Rate | 6.92% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 105,028 SF |
| Total Land Area | 2.37 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Prince Stevens Apartments
144-148 Stevens St, Lowell, MA 01851 |
Multifamily | 29,992 SF | 1960 | - |
| 170 Cross St, Lowell, MA 01854 | Multifamily | 26,370 SF | 1955 | - |
| 18 Waugh St, Lowell, MA 01854 | Multifamily | 26,370 SF | 1965 | - |
| 169 Aiken Ave, Lowell, MA 01850 | Multifamily | 22,296 SF | 1974 | - |
1 1
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
