Active
22 Days on market
694 Merrimack Street Lowell — Photo 1 of 42

694 Merrimack Street Lowell — Photo 1 of 42

$2,250,000

694 Merrimack Street, Lowell, MA 01854

Lowell, MA 01854 — Downtown

Beds

14

Baths

8

SqFt

8,664

Style

5-9 Family

Built

1890

Fantastic opportunity to own a turnkey investment property consisting of nine total units, including two retail storefronts and seven residential units. This versatile property offers multiple income streams with strong potential for continued growth and long term investment. The property is ideal for investors looking to add a well established mixed use asset to their portfolio. Letters of Compliance are on file. Don’t miss this opportunity to own a substantial income producing property with both commercial and residential components.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$260/sqft
Local Avg (Lowell)$250/sqft
4% AboveMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Lowell, MA.

Property Details

Financials

Original Price$2,250,000
Annual Taxes$8,131

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms28
FireplacesNone
FlooringTile, Varies, Hardwood
BasementFull, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone
ZoningUMU

Property & Lot

Acres0.08
SqFt Lot3,485
Lot FeaturesOther

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Population

30,081

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$73K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

62.2%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: The Espinola Group

Listing Office: Keller Williams Realty-Merrimack

MLS® Number: 73565693

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