Residential Condo for Studio
219 Central Street, Lowell, MA 01852
For Sale
$250,000
Commercial Sale, Lowell, MA
Property Size604 SF
Price / SF$413.91
Days on Market50
Property Features for 219 Central Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Listing Agency:
Keller Williams Realty-Merrimack
Listed By:
Claire Ryan
(978) 692-3280
Added: Sep 24
Changed: Sep 30
Last Checked: Nov 12 at 10:06PM
MLS# 73582232
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 604-square-foot residential condominium was built in 1985 and includes one bathroom. The unit is presented as a possible setting for an artist studio or professional office, while remaining a residential condo rather than commercial space. Its zoning designation is DMU.
Key Highlights
- 604‑square‑foot residential condominium
- Built in 1985
- DMU zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,954
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,080
$219.1K
Cap Rate 7%
$156,486
$156.5K
Cap Rate 9%
$121,711
$121.7K
Market Conditions
NOI Build-Up for 604 SF
Gross rent
$18.8K $31.20/SF
− Vacancy
−$4.2K −$7.02/SF
EGI
$14.6K $24.18/SF
− OpEx
−$3.7K −$6.05/SF
NOI
$11.0K $18.13/SF
Area
Lowell, MA
Vacancy
22.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,080
Cap Rate 7%
$156,486
Cap Rate 9%
$121,711
Alternative Uses
Best Use
Office B
$156.5K
$136.9K – $182.6K
NOI $10,954 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,774 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$212.6K
$186.0K – $248.0K
NOI $14,881 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,417
Businesses Nearby
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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
$397,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Lowell, MA
Properties on Market for Residential income properties in Lowell
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Residential income property - DMU zoning and a compact interior give the unit a distinct residential configuration.
Where is this residential income property located?
The property is located at 219 Central Street Lowell, MA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 604‑square‑foot residential condominium; Built in 1985; DMU zoning
