116 Walker St Lowell, MA 01854
Acre NeighborhoodEstimated payment $5,501/month
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%.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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)
MLS Number: 73497654
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Ask me questions while you tour the home.