Renovated Mixed-Use
For Sale
$925,000
18 Appleton, Lowell, MA 01852
Four-story building combining ground-floor retail with updated residential units and UMU zoning.
Property Size5,066 SF
Price / SF$182.59
Days on Market177
Property Features for 18 Appleton
General Information
Standard status
Active
Size
5,066 SF
Property subtype
Multi-Family
Zoning
UMU
Net Operating Income
$76,800
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,697
Building Details
Building Size
5,066 SF
Year Built
1940
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
Michelle Rivera
(978) 551-3212
Source:
Churchillprop
Added: Apr 21
Changed: Oct 6
Last Checked: Oct 12 at 5:29PM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
This four-story mixed-use property contains 5,066 square feet and was built in 1940. Renovation work completed within the last five years included a new rubber roof along with plumbing, electrical, and heating-system upgrades. The building includes a first-floor retail space, while the residential units feature FHA and central AC, new hardwood flooring, fresh paint, and updated kitchens with white cabinetry and stainless steel appliances. Open living and dining areas provide natural light, and basement laundry hookups add functional support space.
Located at 18 Appleton in Downtown Lowell, the property offers access to the Lowell Connector and MBTA Commuter Rail. Municipal parking garages, dining, theater, parks, and schools are nearby. The property is zoned UMU and combines commercial and residential components within a single building.
Located at 18 Appleton in Downtown Lowell, the property offers access to the Lowell Connector and MBTA Commuter Rail. Municipal parking garages, dining, theater, parks, and schools are nearby. The property is zoned UMU and combines commercial and residential components within a single building.
Key Highlights
- 5,066 SF, four‑story mixed‑use property built in 1940
- Renovated within the last five years
- New rubber roof, plumbing, electrical, and heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,893
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
$1.7M
Cap Rate 7%
$1,198,471
$1.2M
Cap Rate 9%
$932,144
$932.1K
Market Conditions
NOI Build-Up for 5,066 SF
Gross rent
$145.9K $28.80/SF
− Vacancy
−$11.7K −$2.30/SF
EGI
$134.2K $26.50/SF
− OpEx
−$50.3K −$9.94/SF
NOI
$83.9K $16.56/SF
Area
Lowell, MA
Vacancy
8.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
Cap Rate 7%
$1,198,471
Cap Rate 9%
$932,144
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,370 @ 7.0% cap · market cap 9.77%
Second Best
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,813 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 01852, MA
36,708
Population
15,363
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
5.0 sq mi
ZIP Area
7,342
Density / Sq Mi
$77,058
Median Household Income
$48,976
Median Earnings
$1,567
Median Rent
$397,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story building combining ground-floor retail with updated residential units and UMU zoning.
Where is this mixed-use property located?
The property is located at 18 Appleton Lowell, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,066 SF, four‑story mixed‑use property built in 1940; Renovated within the last five years; New rubber roof, plumbing, electrical, and heating systems
