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Six-Unit Apartment Building
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219-221 Salem St, Lowell, MA 01854

Four-bedroom layouts with tenant-paid gas, heat, and hot water support a straightforward apartment configuration.

Property SizeContact for details
Days on Market18

Property Features for 219-221 Salem St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: NorthEast Private Client Group Newton
Listed By: Francis Saenz · License #MA: 149766
Source: Crexi
Added: Sep 10 Changed: Sep 13 Last Checked: Sep 26 at 8:02AM

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 Newton

Investment Insights

Based on property information with market context.

The property at 219-221 Salem Street is a 9,098-square-foot apartment building comprising 6 four-bedroom units, each roughly 1,500 square feet. The unit layout provides a consistent configuration across the building, while operating responsibilities are divided between tenants and ownership. Tenants pay for gas, heat, and hot water; the landlord covers common-area electric as well as water and sewer service.

The building is directly adjacent to University Crossing and approximately a quarter mile from the UMass Lowell campus. Tours are available by scheduled appointment, with additional property information available upon request.

Key Highlights

  • 6 four‑bedroom apartment units, each roughly 1,500 square feet
  • 9,098‑square‑foot multifamily property at 219‑221 Salem Street
  • Tenants are responsible for gas, heat, and hot water

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture HVAC Service Hotel & Motel Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,694
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-bedroom layouts with tenant-paid gas, heat, and hot water support a straightforward apartment configuration.
Where is this apartment building located?
The property is located at 219-221 Salem St Lowell, MA.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 6 four‑bedroom apartment units, each roughly 1,500 square feet; 9,098‑square‑foot multifamily property at 219‑221 Salem Street; Tenants are responsible for gas, heat, and hot water
More about this property
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