$1,300,000
OPEN THU 4:30PM - 6PM

167 Salem St Lowell, MA 01854

Acre Neighborhood

Estimated payment $8,156/month

8 Beds
4.5 Baths
7,178 Sq Ft
$181 Price per Sq Ft

Highlights

  • Medical Services
  • Property is near public transit
  • Upgraded Countertops
  • 0.21 Acre Lot
  • Wood Flooring
  • Home Office

About This Home

5 Unit Mixed Use Building near UMASS Lowell and within walking distance to many amenities. The property has been well maintained and updated and has plenty of off street parking. The first floor retail space also has a kitchen area with 2 walk-in coolers, 1 walking freezer, and pizza ovens. Two 3-Bedroom updated apartments are above the commercial space. The adjacent 2 residential units each have 1 bedroom. Unit 4 has access to the basement and laundry hookups. Unit 5 has a walkup attic with 2 semi finished rooms. All units have separate utilities as well as washer /dryer hookups. Letters of Initial Lead Inspection Compliance attached in documents for download. Business/Cote's market name, equipment and inventory included in the sale. Plenty of off street parking included.

Listing Agent

Ray Boutin

RE/MAX Innovative Properties Listed on: 11/17/2025

RE/MAX Innovative Properties

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,642

Year Built

  • Built in 1900

Lot Details

  • 9,081 Sq Ft Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Slate Roof
  • Rubber Roof

Interior Spaces

  • 7,178 Sq Ft Home
  • Living Room
  • Home Office
  • Partial Basement
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lps Elementary And Middle School
  • Lps High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating and Cooling System
  • 2 Cooling Zones
  • 5 Heating Zones

Listing and Financial Details

  • Rent includes 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

  • Park

Building Details

  • Insurance Expense $7,200
  • Water Sewer Expense $2,800
  • Operating Expense $10,000
  • Net Operating Income $98,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,642

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Levels: 5
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • Special Features: OpenHouse
  • Stories: 5

Interior Features

  • Flooring: Vinyl, Carpet, Hardwood
  • Interior Amenities: Upgraded Cabinets, Upgraded Countertops, Kitchen, Office/Den, Living Room, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 8
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Basement: Partial
  • Above Grade Finished Sq Ft: 7178
  • Living Area: 7178
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN3560

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle, Slate, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Ductless, Central Air
  • Heating: Central, Ductless, Forced Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 5
  • HEAT ZONES: 5
  • COOLING ZONES: 2
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, University
  • Rent Includes: Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2800

Lot Info

  • Zoning: UMF
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9081
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 15642

Multi Family

  • Insurance Expense: 7200
  • Net Operating Income: 98000
  • Number Of Units Total: 5
  • Operating Expense: 10000
  • Total Actual Rent: 9000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 2
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

MLS Schools

  • High School: Lps, Gltech, Iacs
  • Elementary School: Lps
  • Middle Or Junior School: Lps

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 For Sale $1,300,000 -- $181 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73455756

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Lowell 01854 Acre

167 Salem St, Lowell, MA

For Sale

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Ray Boutin
Listing Agent
Ray Boutin
Section Image
RE/MAX Innovative Properties
(351) 777-8560