REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 830,000
Est. payment /mo
Price Dropped by $29K
120 Lakeview Ave Lowell, MA 01850
3 Beds
5 Baths
5,040 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $164
MLS Listing ID 73488963
Bedrooms 3
Full Baths 4
Half Baths 2
Year Built 1930
Annual Tax Amount $6,134
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type 5-9 Family
Property Description
This well-positioned mixed-use asset presents a rare opportunity to acquire a diversified, income-producing property with both stability and upside. The building features two prominent street-level retail storefronts with established tenants, complemented by two one-bedroom and two two-bedroom apartments generating consistent residential income.In addition, the property includes a large rear garage/shop space, offering flexible use potential for additional rental income or owner occupancy. A significant value-add component exists in the unfinished top floor, which provides the possible opportunity to create a spacious three-bedroom unit and further increase cash flow.Each unit is separately metered for utilities, minimizing owner expenses, and the site is supported by 3–4 off-street parking spaces, a valuable amenity for both residential and commercial tenants.
Location
State MA
County Middlesex
Zoning TMF
Direction Lakeview Ave
Exterior
Garage Spaces 3.0
Total Parking Spaces 10
Garage Yes
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by North Shore Realty Advisors