Mixed-Use Multifamily with
237 Branch Street Lowell, MA 01851
237 Branch Street, Lowell, MA, 01851
$1,580,000
For Sale
$1,580,000
Built in 1900, this mixed-use property includes apartments and street-level retail with off-street parking.
Property Size5,528 SF
Lot Size0.18 Acres
Price / SF$285.82
Days on Market93
Property Features for 237 Branch Street
General Information
- Standard status
- Active
- Size
- 5,528 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multi-family / 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
Northeast Private Client Group, LLC
(857) 990-6800
Listed by
Francis Saenz · License #149766
(857) 990-6800
Source
Compass
Added: Apr 21 Updated: Jul 21 at 1:52PM Checked: Jul 21 at 1:52PM
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, LLC
Investment Insights
Based on property information with market context.
Built in 1900, 237 Branch Street is a mixed-use multifamily investment property with both residential and street-level commercial space. The residential component features a unit mix of five two-bedroom apartments and three one-bedroom apartments. There is also a street-level retail storefront currently occupied by a barbershop.
The property sits on a 7,841 SF lot and provides 10 off-street parking spaces. The listing is offered for sale and includes scheduled appointment tours for qualified parties.
The building’s space combines living units with street-level retail, supporting day-to-day utility for a mixed-use configuration.
The property sits on a 7,841 SF lot and provides 10 off-street parking spaces. The listing is offered for sale and includes scheduled appointment tours for qualified parties.
The building’s space combines living units with street-level retail, supporting day-to-day utility for a mixed-use configuration.
Key Highlights
- Mixed‑use multifamily investment at 237 Branch Street, Lowell, MA, built in 1900
- Approx. 5,528 SF of living and commercial space on a 7,841 SF lot
- Residential unit mix: five 2‑bedroom apartments and three 1‑bedroom apartments
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 | $192.4k | $34.80 |
| − Vacancy | −$13.1k | −$2.37 |
| EGI | $179.3k | $32.43 |
| − OpEx | −$80.7k | −$14.60 |
| NOI | $98.6k | $17.84 |
5,528 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,611 @ 7.0% cap · market cap 6.24%
Second Best
Retail
$1.30M
$1.14M – $1.52M
NOI $91,176 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,196 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Built in 1900, this mixed-use property includes apartments and street-level retail with off-street parking.
Where is this apartment building located?
The property is located at 237 Branch Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Mixed‑use multifamily investment at 237 Branch Street, Lowell, MA, built in 1900; Approx. 5,528 SF of living and commercial space on a 7,841 SF lot; Residential unit mix: five 2‑bedroom apartments and three 1‑bedroom apartments
