INNOVATE
Real Estate
No photos available for this listing

$2,250,000

694 Merrimack Street, Lowell MA 01854
Lowell, MA 01854
Listed by The Espinola Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
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 #
73565700
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
1
On market date
August 19, 2026
Stories
N/A
Garage spaces
N/A
Lot size
0.08 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

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

Mortgage calculator

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Est. monthly payment
$13,700/mo
$450,000 down
$1,800,000 loan
Principal & interest$11,675
Property tax (est.)$1,875
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 23 hr 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.