Methuen Multifamily Investment
80 Lowell St, Methuen, MA 01844
12-unit apartment building near I-93 with value-add potential.
Type:Multifamily
Property size:
9,399 SFPrice / SF:
$289/SF- Added:
- Nov 25, 2025
- Days on Market:
- 179
- Last Refresh:
- Apr 5 at 11:24 pm
Property Features for 80 Lowell St
General Information
- Standard status
- Active
- Size
- 9,399 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agent Brad Carlson License #MA #9584876 (781) 334-8044
Listing office New England Realty Advisors LLC (781) 334-8044
Listing date Nov 25, 2025
Source Nerealtyadvisors
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 New England Realty Advisors LLC
HighLights
- Opportunity to increase rents to market rate with minimal capital improvements.
- 8 out of 12 units are tenants at will, allowing for immediate rent increases.
- All apartments have been upgraded with modern kitchens, bathrooms, and hardwood floors.
- Located 1 mile from I‑93, providing excellent highway access.
- 12‑unit multifamily property consisting of (11) two‑bedroom apartments and (1) one‑bedroom apartment.
- Coinless laundry income.
Overview
The Lowell Street Apartments, located at 80 Lowell St in Methuen, MA, present a multifamily investment opportunity. Constructed in 1970, this garden-style building comprises 12 units: 11 two-bedroom apartments and 1 one-bedroom apartment. Each apartment has been upgraded with modern kitchens, bathrooms, and hardwood floors. Current rents are below market rate, offering investors the potential to increase value by raising rents with minimal capital improvements. Eight of the 12 units are tenant-at-will, allowing for immediate rent adjustments upon acquisition. The property includes off-street parking and coinless laundry income. Situated just 1 mile from I-93, the asset provides convenient access to major retailers. Methuen, Massachusetts, located in the Merrimack Valley near the New Hampshire border, is approximately 30 miles north of Boston. The city benefits from its location at the junction of Interstate 93 and Interstate 495, along with Route 213, facilitating convenient commuting and commerce. Methuen features a blend of industrial history and modern development, including landmarks such as the Nevins Memorial Library and the Methuen Memorial Music Hall, as well as retail and commercial areas like The Loop shopping center.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.59M
NOI $142,925 @ 9.00% cap · cautious / downside scenario
Moderate
$2.04M
NOI $142,925 @ 7.00% cap · market / base-case scenario
Aggressive
$2.86M
NOI $142,925 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $270.7k | $28.80 |
| − Vacancy | −$10.8k | −$1.15 |
| EGI | $259.9k | $27.65 |
| − OpEx | −$116.9k | −$12.44 |
| NOI | $142.9k | $15.21 |
9,399 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,925 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,492 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Methuen
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.2189
- Latitude
- 42.7055
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit apartment building near I-93 with value-add potential.
Where is this apartment building located?
The property is located at 80 Lowell St Methuen, MA.
What is the asking price?
The asking price for this property is $2,720,000.
What are key features of this property?
This property features: Opportunity to increase rents to market rate with minimal capital improvements.; 8 out of 12 units are tenants at will, allowing for immediate rent increases.; All apartments have been upgraded with modern kitchens, bathrooms, and hardwood floors.
