$900,000

Estimated payment $5,501/month

Total Views 1,009
8 Beds
6 Baths
3,832 Sq Ft
$235 Price per Sq Ft

Highlights

  • Golf Course Community
  • Property is near public transit and schools
  • Tennis Courts
  • Medical Services
  • Community Pool
  • Jogging Path

About This Home

116-118 Walker St contains one (1) 3-Bedroom/1-Bathroom unit, one (1) 2+Bedroom/2-Bathroom unit, and three (3) 1-Bedroom/1-Bathroom units with 3,832 square feet of gross living area in 5,627 square feet of gross area. The Property is situated upon a 0.09-acre parcel and features three (3) sets of tandem parking spaces, capable of fitting up to six (6) cars. Tenants are responsible for heat and individually metered electricity. The Landlord provides city water & sewer. The Property is strategically located in Lowell, offering convenient access to the city’s downtown amenities and UMASS Lowell. The building has a current cap rate of 7.23%.

Listing Agent

Spencer Norton

Horvath & Tremblay Listed on: 04/08/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,355

Year Built

  • Built in 1900

Home Design

  • 3,832 Sq Ft Home
  • Slate Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • 3,920 Sq Ft Lot
  • Property is near public transit and schools
  • Separate Meters
  • Basement

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Building Details

  • Electric Expense $793
  • Insurance Expense $5,919
  • Water Sewer Expense $1,518
  • Operating Expense $26,585
  • Net Operating Income $65,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,355

Year Built

Built in 1900

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Levels: 5
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Above Grade Finished Sq Ft: 3832
  • Living Area: 3832
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN2723

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Roof: Slate
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 6
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1518

Lot Info

  • Zoning: TMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 8355

Multi Family

  • Electric Expense: 793
  • Insurance Expense: 5919
  • Net Operating Income: 65095
  • Number Of Units Total: 5
  • Operating Expense: 26585
  • Total Actual Rent: 7540
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,147 $622,600 $99,000 $523,600
2024 $7,104 $596,500 $92,500 $504,000
2023 $7,258 $584,400 $80,400 $504,000
2022 $6,363 $501,400 $73,100 $428,300
2021 $5,941 $441,400 $63,600 $377,800
2020 $5,773 $432,100 $54,300 $377,800
2019 $4,716 $335,900 $47,900 $288,000
2018 $4,559 $316,800 $45,600 $271,200
2017 $4,079 $273,400 $41,500 $231,900
2016 $4,143 $273,300 $41,400 $231,900
2015 $3,687 $238,200 $42,700 $195,500
2013 $3,481 $231,900 $56,800 $175,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2026 04/08/26 For Sale $900,000 -- $235 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73497654

MLS Property Information Network (MLS PIN)
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