Mixed-Use Property with Apartments and
For Sale
$1,325,000
52 Willie Street, Lowell, MA 01854
Two-story mixed-use asset with residential walk-ups, first-floor commercial space, and on-site parking.
Property Size7,101 SF
Days on Market10
Property Features for 52 Willie Street
General Information
Standard status
Active
Size
7,101 SF
Total Parking Spaces
6
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR, 4 x 1BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$9,414
Amenities
on-site parking
decks
Building Details
Building Size
7,101 SF
Year Built
1936
Listing Agency:
The Edge Group, Inc.
Listed By:
Vladimir Saldana · License #MASSACHUSETTS-9575388
(978) 458-8822
Source:
Classifiedrealtygroup
Added: Sep 18
Changed: Sep 26
Last Checked: Sep 26 at 4:08AM
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 The Edge Group, Inc.
Investment Insights
Based on property information with market context.
Built in 1936, this mixed-use property combines six residential apartments with two commercial units on the first floor. The apartment layout includes two two-bedroom residences and four one-bedroom walk-up units. Several apartments include small decks, while secondary means of egress support the residential configuration.
The commercial spaces include a recently upgraded restaurant and a barber shop. Natural light reaches the building from three elevations, and some on-site parking is available. The property is located at 52 Willie Street in Lowell, Massachusetts.
The commercial spaces include a recently upgraded restaurant and a barber shop. Natural light reaches the building from three elevations, and some on-site parking is available. The property is located at 52 Willie Street in Lowell, Massachusetts.
Key Highlights
- Six residential apartments, including two two‑bedroom and four one‑bedroom units
- Two first‑floor commercial units occupied by a restaurant and barber shop
- Recently upgraded restaurant space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,860
$2.4M
Cap Rate 7%
$1,679,900
$1.7M
Cap Rate 9%
$1,306,589
$1.3M
Market Conditions
NOI Build-Up for 7,101 SF
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.
Gross rent
$204.5K $28.80/SF
− Vacancy
−$16.4K −$2.30/SF
EGI
$188.1K $26.50/SF
− OpEx
−$70.6K −$9.94/SF
NOI
$117.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,860
Cap Rate 7%
$1,679,900
Cap Rate 9%
$1,306,589
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,671 @ 7.0% cap · market cap 9.56%
Second Best
Mixed Use
$1.68M
$1.47M – $1.96M
NOI $117,593 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,950 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,263
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use asset with residential walk-ups, first-floor commercial space, and on-site parking.
Where is this mixed-use property located?
The property is located at 52 Willie Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Six residential apartments, including two two‑bedroom and four one‑bedroom units; Two first‑floor commercial units occupied by a restaurant and barber shop; Recently upgraded restaurant space
