Turnkey Townhome-Style
99-103 Westford Street Lowell, MA 01851
99-103 Westford Street, Lowell, MA, 01851
$2,100,000
For Sale
$2,100,000
Six renovated, townhome-style units offer in-unit washers and dryers with separate utilities.
Property Size8,382 SF
Price / SF$250.54
Days on Market47
Property Features for 99-103 Westford Street
General Information
- Standard status
- Active
- Size
- 8,382 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty LLC - Corporate Office
Listed by
The Denman Group
(508) 823-9400
Source
Ballowhutchinsonrealestate
Added: Jun 5 Updated: Jul 21 at 5:42AM Checked: Jul 21 at 5:42AM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
This turnkey multifamily property features six extensively renovated residential units arranged as townhome-style layouts across two levels. The mix includes three 2+ bedroom, 2.5-bath units and three 3-bedroom, 1.5-bath units. Renovations include modern kitchens with quartz countertops, custom cabinetry, and stainless steel appliances, along with updated bathrooms. Each unit is equipped with an in-unit washer and dryer and has separate utilities, with tenants responsible for propane for heat and cooking, as well as central air conditioning, hot water, and electricity.
The property is located approximately 0.2 miles from the commuter rail station, providing convenient access to Boston and surrounding employment hubs.
Upgraded building systems and the fully renovated unit interiors support a low-maintenance ownership profile.
The property is located approximately 0.2 miles from the commuter rail station, providing convenient access to Boston and surrounding employment hubs.
Upgraded building systems and the fully renovated unit interiors support a low-maintenance ownership profile.
Key Highlights
- Six‑unit turnkey multifamily: (3) 2+ bed/2.5 bath and (3) 3‑bed/1.5 bath townhome‑style apartments, each with two levels
- Recent renovations include modern kitchens with quartz countertops, custom cabinetry, and stainless steel appliances
- Updated bathrooms across the property plus in‑unit washers and dryers in every unit
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 | $291.7k | $34.80 |
| − Vacancy | −$19.8k | −$2.37 |
| EGI | $271.9k | $32.43 |
| − OpEx | −$122.3k | −$14.60 |
| NOI | $149.5k | $17.84 |
8,382 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.87M – $2.49M
NOI $149,522 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,511 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six renovated, townhome-style units offer in-unit washers and dryers with separate utilities.
Where is this apartment building located?
The property is located at 99-103 Westford Street Lowell, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Six‑unit turnkey multifamily: (3) 2+ bed/2.5 bath and (3) 3‑bed/1.5 bath townhome‑style apartments, each with two levels; Recent renovations include modern kitchens with quartz countertops, custom cabinetry, and stainless steel appliances; Updated bathrooms across the property plus in‑unit washers and dryers in every unit
