120 Lakeview Ave, Lowell, MA 01850
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$895,000
7 Unit
3 Beds
6 Baths
5040 SQFT
0.12 Acre

Property Description

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 tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 3
  • Total Bedrooms: 3
  • Total Full Baths: 4
  • Total Half Baths: 2

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 97740
  • Gross Expenses: 34124
  • Net Operating Income: 58729

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 5-9 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73488963
  • Last Updated: 03/30/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/23/2026Active$895,000$178MLSPIN
03/19/2026New$895,000$178MLSPIN

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Seller's Representative: Ben Davis, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-30 14:19:00

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