Fully Renovated 6-Unit Apartment
99 West 6th Street Lowell, MA 01850
99 West 6th Street, Lowell, MA, 01850
$1,499,999
For Sale
$1,499,999
Fully renovated 6-unit brick building with updated kitchens, bathrooms, and new flooring plus a paved parking lot for up to 12 vehicles.
Property Size5,233 SF
Price / SF$286.64
Days on Market137
Property Features for 99 West 6th Street
General Information
- Standard status
- Active
- Size
- 5,233 SF
- Property subtype
- Multi-family / 5-9 Family
Building Details
- Year Built
- 1970
Listing agency
Black Jack Real Estate
(978) 457-9090
Listed by
Patrick Bull · License #147811
(978) 457-9090
Source
Compass
Added: Mar 7 Updated: Jul 21 at 1:26PM Checked: Jul 21 at 1:26PM
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 Black Jack Real Estate
Investment Insights
Based on property information with market context.
This fully renovated 6-unit apartment building features a well-maintained brick exterior and substantial interior upgrades throughout. Renovations include modernized kitchens, updated bathrooms, and new flooring, supporting a turnkey setup with minimized near-term capital expenses. The property also includes a paved parking lot with capacity for up to 12 vehicles.
The building is located at 99 West 6th Street in Lowell’s Centralville neighborhood, near the University of Massachusetts Lowell and the MBTA Commuter Rail, providing direct connectivity to Boston. Laundry is in the basement, with pay laundry.
At the time of listing, 3 units are currently empty, presenting leasing opportunity within the existing 6-unit configuration.
The building is located at 99 West 6th Street in Lowell’s Centralville neighborhood, near the University of Massachusetts Lowell and the MBTA Commuter Rail, providing direct connectivity to Boston. Laundry is in the basement, with pay laundry.
At the time of listing, 3 units are currently empty, presenting leasing opportunity within the existing 6-unit configuration.
Key Highlights
- Fully renovated 6‑unit brick apartment building with updated kitchens, updated bathrooms, and new flooring throughout
- Paved parking lot with capacity for up to 12 vehicles
- 3 units are currently empty
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 | $182.1k | $34.80 |
| − Vacancy | −$12.4k | −$2.37 |
| EGI | $169.7k | $32.43 |
| − OpEx | −$76.4k | −$14.60 |
| NOI | $93.3k | $17.84 |
5,233 SF · lease $34.80/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.17M – $1.56M
NOI $93,349 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,928 @ 7.0% cap · market cap 8.60%
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 - Fully renovated 6-unit brick building with updated kitchens, bathrooms, and new flooring plus a paved parking lot for up to 12 vehicles.
Where is this apartment building located?
The property is located at 99 West 6th Street Lowell, MA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Fully renovated 6‑unit brick apartment building with updated kitchens, updated bathrooms, and new flooring throughout; Paved parking lot with capacity for up to 12 vehicles; 3 units are currently empty
