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16-18 Walnut St, Lowell, MA
$ 889,000
Property Attributes
  • MLS#73163082
  • TypeMulti-Family
  • CityLowell
  • Zip01852
  • Style5+ Family - 5+ Units Side by Side
  • Year Built1900
  • Taxes$ 8248
  • Price$ 889,000
  • Bedrooms9
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage5749
  • Lot Size3,049 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

***BONUS LOT*** Looking for a good investment property? This commuter friendly 5 family located in Lowell also comes with a vacant 5473 sf lot(15 Auburn Street) currently used for parking which also generates income. Buyer to perform due diligence/research on potential development of vacant lot. Rubber roof replaced approx 6 yrs ago. Heat supplied: 2 units gas FHA, 2 units Electric and 1 unit Gas FHW baseboard. 2nd Fl units are new. All units gas hot water. Property currently renting under market value with separate utilities. Lead Safe Homes indicates 4 out of 5 units have lead compliance.

Price History
9/30/2023 Listed $889,000

General Features

Appliances Range
Building Area Units Square Feet
City Lowell
Community Features Public Transportation, Shopping
Compensation Based On Gross/Full Sale Price
Construction Materials Frame, Stone
County Middlesex
Directions Off Gorham St. near Lowell Connector
Disclosures Building being sold as is as shown. According to Lead Safe Homes 1.0 website, 4 out of 5 unit have letters of deleading compliance issued to previous owner(s). New owners /agents to verify compiance.
Electric 200+ Amp Service, Individually Metered
Electric Expense 240
Garage Y/N No
Gross Income 87720
Home Warranty Y/N No
Insurance Expense 5500
Lot Size Square Feet 2970
Net Operating Income 75460
Operating Expense 12260
Property SubType 5+ Family - 5+ Units Side by Side
Property Type Residential Income
Roof Rubber
Senior Community Y/N No
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Walnut St
Sub-Agency Relationship Offered No
Tax Annual Amount 8248
Tax Assessed Value 664100
Tax Year 2023
Total Actual Rent 6960
Total Rooms 22
Total Units 5
Water Sewer Expense 4000
Waterfront Y/N No
Year Built 1900
Year Built Details Approximate
Year Built Source Public Records
Zoning TTF

Interior Features

Basement Full, Dirt Floor, Unfinished
Fireplace Y/N No
Flooring Wood, Tile, Vinyl
Full Baths 5
Total Baths 5
Total Bedrooms 9
Total Stories 9

Exterior Features

Facilitator Compensation 1
Living Area 5749
Building Area Total 5749
Foundation Details Stone
Lot Features Level
Lot Size Acres 0.07
Lot Size Area 0.07
Lot Size Units Acres
Parking Features Off Street, Stone/Gravel
Road Frontage Type Public
Spa No
Total Parking 16
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 01852

AVG $680K
AVG $5,999
AVG 72
Data Provided by Inside Real Estate®
Year Built
AVG 1907
AVG 79
Data Provided by Walkscore® not using MLS data

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