Multifamily Building with Ample
173 Branch Street Lowell, MA 01851
173 Branch Street, Lowell, MA, 01851
$1,300,000
For Sale
$1,300,000
Eight-unit multifamily property featuring seven studio units and one one-bedroom unit, plus ample parking, yard, and porch space.
Property Size4,087 SF
Price / SF$318.08
Days on Market14
Property Features for 173 Branch Street
General Information
- Standard status
- Active
- Size
- 4,087 SF
- Property subtype
- 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Keynova Group LLC
(978) 404-5366
Listed by
Brendan Conley
(978) 404-5366
Source
Lockandkeyre
Added: Jul 8 Updated: Jul 20 at 3:02AM Checked: Jul 21 at 3:24AM
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 Keynova Group LLC
Investment Insights
Based on property information with market context.
This large multifamily building offers eight total residential units, including seven studio units and one one-bedroom unit. The property also includes exterior amenities such as ample parking, yard space, and porch space, creating practical shared outdoor areas.
Located in Lowell, Massachusetts, the building is described as being close to UML’s South Campus, shopping, dining, grocery, and public parks/transportation. That convenient access to everyday services and public transit supports a straightforward residential rental mix.
The current configuration is centered on smaller apartment layouts, with the majority of the units being studio units alongside a single one-bedroom unit.
Located in Lowell, Massachusetts, the building is described as being close to UML’s South Campus, shopping, dining, grocery, and public parks/transportation. That convenient access to everyday services and public transit supports a straightforward residential rental mix.
The current configuration is centered on smaller apartment layouts, with the majority of the units being studio units alongside a single one-bedroom unit.
Key Highlights
- 8‑unit multifamily property: 7 studio units and 1 one‑bedroom unit
- Year built: 1900
- Ample parking plus yard and porch space
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 | $142.2k | $34.80 |
| − Vacancy | −$9.7k | −$2.37 |
| EGI | $132.6k | $32.43 |
| − OpEx | −$59.7k | −$14.60 |
| NOI | $72.9k | $17.84 |
4,087 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$911.3K – $1.22M
NOI $72,906 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,693 @ 7.0% cap · market cap 7.75%
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 - Eight-unit multifamily property featuring seven studio units and one one-bedroom unit, plus ample parking, yard, and porch space.
Where is this apartment building located?
The property is located at 173 Branch Street 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: 8‑unit multifamily property: 7 studio units and 1 one‑bedroom unit; Year built: 1900; Ample parking plus yard and porch space
