Mixed-Use Property with Apartments and
52 Willie Street, Lowell, MA 01854
For Sale
$1,325,000
Two-story mixed-use asset with residential walk-ups, first-floor commercial space, and on-site parking.
Property Size7,101 SF
Days on Market56
Property Features for 52 Willie Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
on-site parking
decks
Building Details
Building Size
Year Built
Listing Agency:
The Edge Group, Inc.
Listed By:
Vladimir Saldana · License MA #9575388
(978) 251-5894
Source:
Classifiedrealtygroup
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 12 at 4:50AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$117,593
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$360,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Lowell, MA
Properties on Market for Mixed-use properties in Lowell
Vacancy Rate% for Multifamily in Northeast region
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
