Turnkey Five-Unit Apartment
143 Westford Street Lowell, MA 01851
143 Westford Street, Lowell, MA, 01851
$1,000,000
For Sale
$1,000,000
Turnkey five-unit multifamily property with one-bedroom floor plans, paid off-street parking, and new electric heat pump conversion.
Property Size4,162 SF
Price / SF$240.27
Days on Market143
Property Features for 143 Westford Street
General Information
- Standard status
- Active
- Size
- 4,162 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Northeast Private Client Group,LLC
Listed by
Patrick Wheeler
(781) 545-3155
Source
Grandgables
Added: Mar 1 Updated: Jul 21 at 12:22PM Checked: Jul 21 at 12:22PM
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 Northeast Private Client Group,LLC
Investment Insights
Based on property information with market context.
Turnkey five-unit multifamily apartment building offering (5) one-bedroom floor plans across approximately 4,162 square feet of living space. The property includes paid off-street parking and has undergone a brand-new electric heat pump conversion. Building-provided Wi-Fi is also in place.
Located at 143 Westford St in Lowell’s Highlands neighborhood, the offering presents stable tenancy. The seller notes below-market rents and the potential to increase cash flow through rent adjustments without requiring major renovations.
The apartments are configured as one-bedroom units within a five-unit building, with tours available by scheduled appointment for interested, qualified parties.
Located at 143 Westford St in Lowell’s Highlands neighborhood, the offering presents stable tenancy. The seller notes below-market rents and the potential to increase cash flow through rent adjustments without requiring major renovations.
The apartments are configured as one-bedroom units within a five-unit building, with tours available by scheduled appointment for interested, qualified parties.
Key Highlights
- Turnkey 5‑unit multifamily at 143 Westford St in Lowell’s Highlands neighborhood
- 5 one‑bedroom units totaling approximately 4,162 sq ft of living space
- Year built: 1920
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 | $144.8k | $34.80 |
| − Vacancy | −$9.8k | −$2.37 |
| EGI | $135.0k | $32.43 |
| − OpEx | −$60.7k | −$14.60 |
| NOI | $74.2k | $17.84 |
4,162 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$928.1K – $1.24M
NOI $74,244 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,541 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey five-unit multifamily property with one-bedroom floor plans, paid off-street parking, and new electric heat pump conversion.
Where is this apartment building located?
The property is located at 143 Westford Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Turnkey 5‑unit multifamily at 143 Westford St in Lowell’s Highlands neighborhood; 5 one‑bedroom units totaling approximately 4,162 sq ft of living space; Year built: 1920
