Mixed-Use Building with Remodeled Commercial
For Sale
$699,900
230 Cumberland Road, Lowell, MA 01850
Combines a remodeled first-floor commercial area with two residential apartments and off-street parking.
Property Size3,880 SF
Price / SF$180.39
Days on Market24
Property Features for 230 Cumberland Road
General Information
Standard status
Active
Size
3,880 SF
Property subtype
3 Family
Units
Unit Mix
1 x studio, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,906
Building Details
Building Size
3,880 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty-Merrimack
(404) 689-4408
Listed By:
The Espinola Group · License #.
Source:
Kevinfruh
Added: Jul 14
Changed: Aug 2
Last Checked: Aug 6 at 4:33AM
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 Keller Williams Realty-Merrimack
Investment Insights
Based on property information with market context.
Located at 230 Cumberland Road in Lowell, this 3,880-square-foot mixed-use building combines residential and commercial components within one property. The residential portion includes two apartments: a studio and a one-bedroom unit. A remodeled commercial area occupies the first floor, providing dedicated space for business operations or commercial tenancy.
Built in 1940, the property also includes ample off-street parking for residential occupants and commercial users. Its combination of apartment units and a separate commercial area creates a configuration suitable for an owner-user or an investor seeking both residential and commercial components in a single Lowell property.
Built in 1940, the property also includes ample off-street parking for residential occupants and commercial users. Its combination of apartment units and a separate commercial area creates a configuration suitable for an owner-user or an investor seeking both residential and commercial components in a single Lowell property.
Key Highlights
- 3,880 SF mixed‑use building at 230 Cumberland Road, Lowell, MA 01850
- Two residential units: one studio apartment and one one‑bedroom apartment
- Remodeled first‑floor commercial space
Financial Insights For Mixed Use
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 | $111.7k | $28.80 |
| − Vacancy | −$8.9k | −$2.30 |
| EGI | $102.8k | $26.50 |
| − OpEx | −$38.6k | −$9.94 |
| NOI | $64.3k | $16.56 |
3,880 SF · lease $28.80/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$988.8K
$865.2K – $1.15M
NOI $69,213 @ 7.0% cap · market cap 9.89%
Second Best
Mixed Use
$917.9K
$803.2K – $1.07M
NOI $64,253 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$1.37M
$1.19M – $1.59M
NOI $95,593 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 01850, MA
16,670
Population
6,028
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
1.4 sq mi
ZIP Area
11,907
Density / Sq Mi
$67,581
Median Household Income
$42,096
Median Earnings
$1,666
Median Rent
$367,200
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 - Combines a remodeled first-floor commercial area with two residential apartments and off-street parking.
Where is this mixed-use property located?
The property is located at 230 Cumberland Road Lowell, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,880 SF mixed‑use building at 230 Cumberland Road, Lowell, MA 01850; Two residential units: one studio apartment and one one‑bedroom apartment; Remodeled first‑floor commercial space
