Methuen Multifamily Investment
80 Lowell St Methuen, MA 01844
80 Lowell St, Methuen, MA, 01844
$2,720,000
For Sale
$2,720,000
12-unit apartment building near I-93 with value-add potential.
Property Size9,399 SF
Price / SF$289.39
Days on Market238
Property Features for 80 Lowell St
General Information
- Standard status
- Active
- Size
- 9,399 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing Agency
New England Realty Advisors LLC
(781) 334-8044
Listed by
Brad Carlson · License #MA #9584876
Source
Nerealtyadvisors
Added: Nov 25, 2025 Updated: Jul 6 at 9:58 am Checked: Jul 17 at 6:55 am
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 New England Realty Advisors LLC
Investment Insights
Based on property information with market context.
The Lowell Street Apartments, located at 80 Lowell St in Methuen, MA, present a multifamily investment opportunity. Constructed in 1970, this garden-style building comprises 12 units: 11 two-bedroom apartments and 1 one-bedroom apartment. Each apartment has been upgraded with modern kitchens, bathrooms, and hardwood floors. Current rents are below market rate, offering investors the potential to increase value by raising rents with minimal capital improvements. Eight of the 12 units are tenant-at-will, allowing for immediate rent adjustments upon acquisition. The property includes off-street parking and coinless laundry income. Situated just 1 mile from I-93, the asset provides convenient access to major retailers. Methuen, Massachusetts, located in the Merrimack Valley near the New Hampshire border, is approximately 30 miles north of Boston. The city benefits from its location at the junction of Interstate 93 and Interstate 495, along with Route 213, facilitating convenient commuting and commerce. Methuen features a blend of industrial history and modern development, including landmarks such as the Nevins Memorial Library and the Methuen Memorial Music Hall, as well as retail and commercial areas like The Loop shopping center.
Key Highlights
- Opportunity to increase rents to market rate with minimal capital improvements.
- 8 out of 12 units are tenants at will, allowing for immediate rent increases.
- All apartments have been upgraded with modern kitchens, bathrooms, and hardwood floors.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.7k | $28.80 |
| − Vacancy | −$10.8k | −$1.15 |
| EGI | $259.9k | $27.65 |
| − OpEx | −$116.9k | −$12.44 |
| NOI | $142.9k | $15.21 |
9,399 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,925 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,492 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 12-unit apartment building near I-93 with value-add potential.
Where is this apartment building located?
The property is located at 80 Lowell St Methuen, MA.
What is the asking price?
The asking price for this property is $2,720,000.
What are key features of this property?
This property features: Opportunity to increase rents to market rate with minimal capital improvements.; 8 out of 12 units are tenants at will, allowing for immediate rent increases.; All apartments have been upgraded with modern kitchens, bathrooms, and hardwood floors.
