INNOVATE Real Estate
5-9 Family at 694 Merrimack Street, Lowell MA 01854, Lowell
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42 photos

$2,200,000

694 Merrimack Street, Lowell MA 01854
Lowell, MA 01854
Listed by The Espinola Group
Bedrooms
14
Bathrooms
8
Living area
8,664 sqft
Year built
1890

About this home

Fantastic opportunity to own a turnkey investment property consisting of nine total units, including two retail storefronts and seven residential units. This versatile property offers multiple income streams with strong potential for continued growth and long term investment. The property is ideal for investors looking to add a well established mixed use asset to their portfolio. Letters of Compliance are on file. Don’t miss this opportunity to own a substantial income producing property with both commercial and residential components.

Property details

MLS #
73565693
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
50
On market date
August 19, 2026
Stories
6
Total bathrooms
8
Garage spaces
N/A
Parking spaces
2
Lot size
0.08 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Charlotte M Murkland Elementary
0.14 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
453
Student:teacher ratio
12.9:1
District
Lowell
Middle
Kathryn P. Stoklosa Middle School
0.47 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
646
Student:teacher ratio
12.4:1
District
Lowell
High
Lowell High
0.4 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
3,056
Student:teacher ratio
14.0:1
District
Lowell

Walkability

Blended score for Lowell's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in Lowell, from live MLS data.

On the market 50 days -- 38 fewer days than Lowell's current average of 88 days.
For reference, the median list price across 578 active listings in Lowell right now is $399,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
% / yr
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Est. monthly payment
$13,399/mo
$440,000 down
$1,760,000 loan
Principal & interest$11,415
Property tax (est.)$1,833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.