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116-118 Walker St Lowell, MA 1854

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For Sale
$900,000

Five-unit multifamily property in Lowell near downtown and UMASS Lowell.

Type:Investment
Property size:
5,627 SF
Lot size:
0.09 Acres
Added:
Apr 9, 2026
Days on Market:
8
Last Refresh:
Apr 9 at 7:20 am

Property Features for 116-118 Walker St

General Information

Standard status
Active
Size
5,627 SF
Lot size
0.09 Acres
Property subtype
Investment

Building Details

Year Built
1900

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Listing Contact
Spencer Norton

Listing agent Spencer Norton License #9562958

Listing office Horvath & Tremblay

Listing date Apr 9, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay


Overview

Lowell Multifamily Investment Opportunity

The property at 116-118 Walker St in Lowell, MA, features five units: one 3-bedroom/1-bathroom unit, one 2+bedroom/2-bathroom unit, and three 1-bedroom/1-bathroom units. The gross living area totals 3,832 square feet within a 5,627 square foot gross area. Situated on a 0.09-acre parcel, the property includes three sets of tandem parking spaces accommodating up to six cars. Tenants are responsible for heat and individually metered electricity, while the landlord covers city water and sewer. The location provides convenient access to downtown Lowell amenities and UMASS Lowell. The building has a current cap rate of 7.23%. The property has a bike score of 51, indicating it is bikeable, a walk score of 76, indicating it is very walkable, and a transit score of 45, indicating some transit options are available.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

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  • Local Demand
City
Lowell
County
Middlesex
State
Massachusetts
Longitude
-71.331392
Latitude
42.6431964

FAQs

What type of property is this?
Apartment building - Five-unit multifamily property in Lowell near downtown and UMASS Lowell.
Where is this apartment building located?
The property is located at 116-118 Walker St Lowell, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Boasting a 7.23% Cap Rate; Five Units: Mix of 3‑Bedroom, 2+Bedroom, and 1‑Bedroom Apartments; Six Off‑Street Parking Spaces (Tandem)
More about this property
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