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    167-171 Salem St Lowell, MA 01854

    For Sale
    $1,300,000

    5+ Family - 5+ Units Up/Down - Lowell, MA

    Property size:
    7,178 SF
    Lot size:
    0.21 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 167-171 Salem St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    UMF
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    5
    Parking
    10
    Parking features
    Off Street, Paved or Surfaced
    Size
    7,178 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1900
    Floors in Building
    5
    Number of units
    5
    Architectural style
    Other

    RE/MAX Innovative Properties (603) 434-4101 [email protected]

    Listing agent Raymond Boutin (978) 452-4432

    Listing date Nov 17, 2025

    MLS# 73455756 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Near UMASS Lowell

    This five-unit mixed-use building is located near UMASS Lowell and within walking distance of many amenities. The property has been well-maintained and updated, offering ample off-street parking. The first floor features a retail space with a kitchen area, including two walk-in coolers, one walk-in freezer, and pizza ovens. Above the commercial space are two updated 3-bedroom apartments. Additionally, there are two 1-bedroom residential units. Unit 4 has access to the basement and laundry hookups, while Unit 5 includes a walk-up attic with two semi-finished rooms. All units have separate utilities and washer/dryer hookups. The sale includes the business/Cote's market name, equipment, and inventory. The property is zoned UMF and sits on a 0.21-acre lot. The building size is 7178 square feet. Letters of Initial Lead Inspection Compliance are attached in the documents for download.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.322139
    Latitude
    42.649009

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    FAQs

    What type of property is this?
    Mixed-use property - Five-unit mixed-use building with retail space and residential units.
    Where is this mixed-use property located?
    The property is located at 167-171 Salem St Lowell, MA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Mixed-use building featuring retail space with kitchen, coolers, freezer, and pizza ovens, plus residential units.; - Includes established business (Cote's Market), equipment, and inventory.; - Two updated 3-bedroom apartments.
    (978) 452-4432
    Request Owner's contact information
    167-171 Salem St Lowell, MA 01854
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    Lowell, MA 01854
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    167-171 Salem St Lowell, MA 01854
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