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.
This home has been viewed 7 times
Last Checked: July 3rd, 2026 at 7:28am (Source: MLS PIN #73488963)
Gross Income: $45,540
Gross Expenses: $6,134
Net Income Calc: $39,406
Annual Expenses for 120 Lakeview Ave, Lowell MA 01850
Total Gross Expenses (Calculated)$6,134/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6134.91
Annual Income & Unit Breakdown for 120 Lakeview Ave, Lowell MA 01850
Total Gross Income (Calculated)$45,540
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
Lease
Bathrooms
Rent Includes
General Information for 120 Lakeview Ave, Lowell MA 01850
Listing ID73488963
Property TypeMulti Family / 5+ Family
Price799000 ($158.53/SqFt)
Style5-9 Family
CityLowell
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total5040
Approximate Lot Size (Acres)0.12
Total Parking10 (3 Garage)
Garage Parking3
Year Built1930
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningTMF
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 120 Lakeview Ave, Lowell MA 01850
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 120 Lakeview Ave, Lowell MA 01850
Real Estate Taxes6134.91
Tax Year2025
Assessed Value$534,400
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 120 Lakeview Ave, Lowell MA 01850
Neighborhood(s)
Area Amenities
Contact Information for 120 Lakeview Ave, Lowell MA 01850