Low-Rise Apartment Building
For Sale
Contact for pricing
169 Walker St, Lowell, MA 01854
Walker Street Apartments offers 3 one-bedroom and 2 two-bedroom units with separately metered, tenant-paid utilities.
Property Size3,547 SF
Price / SF$274.88
Days on Market180
Property Features for 169 Walker St
General Information
Standard status
Active
Size
3,547 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
5
Building Details
Units
5
Listing Agency:
NorthEast Private Client Group Shelton
Listed By:
Anthony Rakuskas · License #9588289
Source:
Crexi
Added: Apr 24
Changed: Oct 2
Last Checked: Oct 19 at 3:59AM
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 Shelton
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Investment Insights
Based on property information with market context.
Walker Street Apartments is a residential income property totaling 3,547 square feet and configured with five units: three one-bedroom units and two two-bedroom units. Each unit is supported by separately metered, tenant-paid utilities.
The property is located at 169 Walker Street in Lowell, MA. All interested parties can tour the buildings during scheduled appointments and request additional information.
This small multifamily setup provides a straightforward unit mix of one- and two-bedroom residences, with utility billing handled through separate meters for each tenant.
The property is located at 169 Walker Street in Lowell, MA. All interested parties can tour the buildings during scheduled appointments and request additional information.
This small multifamily setup provides a straightforward unit mix of one- and two-bedroom residences, with utility billing handled through separate meters for each tenant.
Key Highlights
- 3,547 SF multifamily at 169 Walker Street in Lowell, MA
- 5 total units: 3 one‑bedroom and 2 two‑bedroom apartments
- Separately metered tenant‑paid utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,273
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,460
$1.3M
Cap Rate 7%
$903,900
$903.9K
Cap Rate 9%
$703,033
$703.0K
Market Conditions
NOI Build-Up for 3,547 SF
Gross rent
$123.4K $34.80/SF
− Vacancy
−$8.4K −$2.37/SF
EGI
$115.0K $32.43/SF
− OpEx
−$51.8K −$14.60/SF
NOI
$63.3K $17.84/SF
Area
Lowell, MA
Vacancy
6.80%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,460
Cap Rate 7%
$903,900
Cap Rate 9%
$703,033
Alternative Uses
Best Use
Apartment 5plus
$903.9K
$790.9K – $1.05M
NOI $63,273 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,389 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 01854, MA
29,561
Population
10,960
Households
2.7
Avg Household Size
31
Median Age
30%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
7,390
Density / Sq Mi
$70,397
Median Household Income
$39,216
Median Earnings
$1,477
Median Rent
$360,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Walker Street Apartments offers 3 one-bedroom and 2 two-bedroom units with separately metered, tenant-paid utilities.
Where is this apartment building located?
The property is located at 169 Walker St Lowell, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,547 SF multifamily at 169 Walker Street in Lowell, MA; 5 total units: 3 one‑bedroom and 2 two‑bedroom apartments; Separately metered tenant‑paid utilities for each unit
