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INVESTMENT SNAPSHOT
About this property
This well-positioned mixed-use asset presents a rare opportunity to acquire a diversified, income-producing property with both stability and upside. The building features two prominent street-level retail storefronts with established tenants, complemented by two one-bedroom and two two-bedroom apartments generating consistent residential income.In addition, the property includes a large rear garage/shop space, offering flexible use potential for additional rental income or owner occupancy. A significant value-add component exists in the unfinished top floor, which provides the possible opportunity to create a spacious three-bedroom unit and further increase cash flow.Each unit is separately metered for utilities, minimizing owner expenses, and the site is supported by 3–4 off-street parking spaces, a valuable amenity for both residential and commercial tenants.
Property details
| Units | 7 |
| Living area | 5,040 sqft |
| Lot size | 5,227 sqft |
| Year built | 1930 |
| Price / sqft | $165 |
| County | Middlesex |
| MLS # | 73488963 |
Listing status
| Days on market | 58 days |
| Listed on | March 19, 2026 |
Taxes & financials
| Annual property tax | $6,135 |
| Tax year | 2025 |
| Assessed value | $534,400 |
| Zoning | TMF |
| Gross income (actual) | $97,740/yr |
| Net operating income (actual) | $58,729/yr |
| Total actual rent | $8,145/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.12 acres |
| Garage spaces | 3 |
| Parking spaces | 7 |
| Parking | Paved Drive |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of North Shore Realty Advisors — Ben Davis. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 120 Lakeview Ave, Lowell MA 01850 have?
It is a 7-unit multi-family property with 5,040 sqft of living area, built in 1930.
How long has 120 Lakeview Ave, Lowell MA 01850 been on the market?
120 Lakeview Ave, Lowell MA 01850 has been listed for 58 days (since March 19, 2026).
What is the estimated cap rate on this 7-family in Lowell?
Based on area median rents, the estimated cap rate is about 13.5%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $830,000 across 7 units, that works out to roughly $118,571 per unit.
What are the property taxes on 120 Lakeview Ave, Lowell MA 01850?
Annual property taxes are $6,135 (2025), on an assessed value of $534,400.
What is the price per square foot?
At $830,000 for 5,040 sqft, that's about $165 per square foot.
Is there parking?
3 garage spaces and 7 total parking spaces (paved drive).
Where is this property located?
120 Lakeview Ave, Lowell MA 01850 is in Lowell, Middlesex County, MA 01850.
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