Lakeview Avenue Portfolio For
768 Lakeview Ave, Lowell, MA 01850
Multifamily and retail portfolio in Lowell, MA.
Type:Multifamily
Property size:
23,250 SFLot size:
0.76 AcresPrice / SF:
$278/SF- Added:
- Feb 25, 2026
- Days on Market:
- 131
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 768 Lakeview Ave
General Information
- Standard status
- Active
- Size
- 23,250 SF
- Lot size
- 0.76 Acres
- Property subtype
- Multifamily
Listing office NorthEast Private Client Group Shelton
Listing date Feb 25, 2026
Source Crexi
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 Shelton
HighLights
- Newly renovated (2024) 15‑unit apartment building at 776 Lakeview Ave.
- Portfolio includes multiple buildings: 776 Lakeview Ave, 768 Lakeview Ave, 10 Island St, and 754.A Aiken Street.
- Additional income from T‑Mobile cell tower and coin‑op laundry.
- Includes two fully leased retail units.
- Off‑street parking assigned to each apartment unit.
- Total land area of 33,105 square feet.
Overview
The Lakeview Avenue Portfolio, located at 776 Lakeview Ave & 768 Lakeview Ave with adjacent lots at 10 Island St, and 754.A Aiken Street in Lowell, MA, is available for purchase. The properties include apartment buildings, retail space, warehouses, and commercial real estate. 776 Lakeview Ave, built in 1937, features 12,559 SF GLA and was newly renovated in 2024. It comprises thirteen one-bedroom apartments and two fully leased retail units. Additional income is generated from a T-Mobile cell tower and a coin-op laundry facility. Each apartment has 3 rooms: 1 bedroom, kitchen, living room and bath, approximately 800 SF, and includes one assigned off-street parking space. 768 Lakeview Ave is a 6,903 SF GLA, three-story building constructed in the 1900s, consisting of eight one-bedroom apartments. In the rear on Island St there is approximately 986 SF of commercial/warehouse space along with another 2,926 SF building, consisting of four one-bedroom residential units. Both 10 Island St and 754.A Aiken St are parking lots for both Lakeview Ave buildings. The buildings and parking lots sit on a total of 33,105 square feet of land. The property size is 23,250 square feet.
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 | $809.1k | $34.80 |
| − Vacancy | −$55.0k | −$2.37 |
| EGI | $754.1k | $32.43 |
| − OpEx | −$339.3k | −$14.60 |
| NOI | $414.7k | $17.84 |
23,250 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.92M
$5.18M – $6.91M
NOI $414,745 @ 7.0% cap · market cap 6.41%
Second Best
Retail
$5.48M
$4.79M – $6.39M
NOI $383,472 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$8.18M
$7.16M – $9.55M
NOI $572,820 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3134448
- Latitude
- 42.6573817
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily and retail portfolio in Lowell, MA.
Where is this apartment building located?
The property is located at 768 Lakeview Ave Lowell, MA.
What is the asking price?
The asking price for this property is $6,475,000.
What are key features of this property?
This property features: Newly renovated (2024) 15‑unit apartment building at 776 Lakeview Ave.; Portfolio includes multiple buildings: 776 Lakeview Ave, 768 Lakeview Ave, 10 Island St, and 754.A Aiken Street.; Additional income from T‑Mobile cell tower and coin‑op laundry.
