Multi-Family Residential
For Sale
$749,900
89 Mammoth Rd, Lowell, MA 01854
Built in 1930, this multi-family residence contains 3,003 square feet with separately metered gas and electric utilities.
Property Size3,003 SF
Price / SF$249.72
Days on Market131
Property Features for 89 Mammoth Rd
General Information
Standard status
Active
Size
3,003 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Zoning
NB
Net Operating Income
$24,000
Taxes and HOA fees
Annual Taxes
$6,833
Building Details
Building Size
3,003 SF
Year Built
1930
Stories
3
Listing Agency:
RE/MAX Innovative Properties
(978) 452-4432
Listed By:
Brian McMahon · License #9013873
(978) 853-4722
Source:
Churchillprop
Added: Jun 3
Changed: Oct 7
Last Checked: Oct 11 at 4:51AM
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 RE/MAX Innovative Properties
Investment Insights
Based on property information with market context.
Presenting 89 Mammoth Rd, Lowell, a multi-family residence constructed in 1930. The property offers 3,003 square feet of living space, configured as multiple units with separate gas and electric arrangements, and tenants pay their own utilities.
Additional details regarding the unit mix and overall configuration are not provided in the available information.
This is a for-sale opportunity for buyers seeking a residential income property with tenant-paid utilities in place.
Additional details regarding the unit mix and overall configuration are not provided in the available information.
This is a for-sale opportunity for buyers seeking a residential income property with tenant-paid utilities in place.
Key Highlights
- Multi‑family residence built in 1930
- 3,003 sq ft of living space
- Units have separately metered gas and electric utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,569
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,380
$1.1M
Cap Rate 7%
$765,271
$765.3K
Cap Rate 9%
$595,211
$595.2K
Market Conditions
NOI Build-Up for 3,003 SF
Gross rent
$104.5K $34.80/SF
− Vacancy
−$7.1K −$2.37/SF
EGI
$97.4K $32.43/SF
− OpEx
−$43.8K −$14.60/SF
NOI
$53.6K $17.84/SF
Area
Lowell, MA
Vacancy
6.80%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,380
Cap Rate 7%
$765,271
Cap Rate 9%
$595,211
Alternative Uses
Best Use
Apartment 5plus
$765.3K
$669.6K – $892.8K
NOI $53,569 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.8K – $1.23M
NOI $73,986 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
883
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?
Multifamily property - Built in 1930, this multi-family residence contains 3,003 square feet with separately metered gas and electric utilities.
Where is this multifamily property located?
The property is located at 89 Mammoth Rd Lowell, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Multi‑family residence built in 1930; 3,003 sq ft of living space; Units have separately metered gas and electric utilities
