120 Lakeview Ave, Lowell MA 01850
Lowell, MA 01850
$895,000
$799,000
Est. $4,751/month
About this home
This well-positioned mixed-use asset presents a rare opportunity to acquire a diversified, income-producing property with both stability and upside. The building features two prominent street-level retail storefronts with established tenants, complemented by two one-bedroom and two two-bedroom apartments generating consistent residential income.In addition, the property includes a large rear garage/shop space, offering flexible use potential for additional rental income or owner occupancy. A significant value-add component exists in the unfinished top floor, which provides the possible opportunity to create a spacious three-bedroom unit and further increase cash flow.Each unit is separately metered for utilities, minimizing owner expenses, and the site is supported by 3–4 off-street parking spaces, a valuable amenity for both residential and commercial tenants.
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Recently Sold Nearby
Property History
Market Insights
3
Price Changes
10.7%
Price Range
Property Timeline
Pending Sale
Jul 2, 2026
Offer accepted, sale pending
Price Reduced
Jun 22, 2026
$799,000
$31,000
(-3.73%)
From $830,000 to $799,000 (-3.7%)
Price Reduced
May 18, 2026
$830,000
$29,000
(-3.38%)
From $859,000 to $830,000 (-3.4%)
Back On Market
May 6, 2026
Active
Price Reduced
May 6, 2026
$859,000
$36,000
(-4.02%)
From $895,000 to $859,000 (-4.0%)
Pending Sale
Apr 22, 2026
Offer accepted, sale pending
Property Type Updated
Mar 20, 2026
3 Family → 5-9 Family
Listed for Sale
Mar 19, 2026
$895,000
Original listing
Office: North Shore Realty Advisors
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/02/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/22/2026 | ↓ Price Reduced | $799,000 | $31,000 | - | From $830,000 to $799,000 (-3.7%) |
| 05/18/2026 | ↓ Price Reduced | $830,000 | $29,000 | - | From $859,000 to $830,000 (-3.4%) |
| 05/06/2026 | • Back On Market | - | - | - | Active |
| 05/06/2026 | ↓ Price Reduced | $859,000 | $36,000 | - | From $895,000 to $859,000 (-4.0%) |
| 04/22/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 03/20/2026 | 🔧 Property Type Updated | - | - | - | 3 Family → 5-9 Family |
| 03/19/2026 | 🏠 Listed for Sale | $895,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,135 | $534,400 |
Financial Details
Annual Property Tax
$6,135
Tax Year 2025
Assessed Value
$534,400
Facts & Features
3 Car Garage
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1930
Living Area
5,040 sq ft
Lot Size
0.12 acres
Bedrooms
6
Full Baths
4
Half Baths
2
Total Rooms
12
Investment Metrics
Units
7
Unit 1 Rent
$1,295/mo · N
Unit 2 Rent
$1,250/mo · N
Unit 3 Rent
$1,250/mo
Total Monthly Rent
$3,795/mo
Gross Income
$97,740
Net Operating Income
$58,729
Operating Expenses
$34,124
Cap Rate
7.35%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
3
Has Garage
Yes
Features
Paved Drive
Total Spaces
7
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,135
Assessed Value
$534,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
91 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1930
Bedrooms
6
Full Bathrooms
4
Half Bathrooms
2
Living Area
5,040 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,040 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1930
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
3
Total Parking Spaces:
7
Parking Features:
Paved Drive
Nearby Schools
School District
Lowell School District local
C-
School Safety
2024-25
3.0%
Above Average
2.8%
Suspensions
0.8%
In-School
0.2%
Emergency
2.5% below state avg
Elementary Schools
10 schools
St. Michael Elementary School
0.2 mi
Grades PK-08
Lowell Youth Treatment Center
0.4 mi
Grades 01-12
Immaculate Conception School
0.5 mi
Grades PK-08
St. Louis Elementary School
0.5 mi
Grades PK-08
Hellenic American Academy
0.6 mi
Grades PK-08
B
Lowell Community Charter Public School
0.7 mi
|
#158 of 352
|
Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Patrick School and Educational Center
0.7 mi
Grades PK-08
B
Rogers STEM Academy
0.9 mi
|
#8 of 16
|
Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students
Diverse
Rising School
Diverse Student Body
Grades K-08
C
Bartlett Community Partnership School
1.2 mi
|
#266 of 352
|
Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Jeanne D'Arc Elementary School
1.3 mi
Grades PK-08
Middle Schools
7 schools
C-
Henry J Robinson Middle School
0.7 mi
|
#288 of 352
|
Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
B-
Kathryn P. Stoklosa Middle School
1.1 mi
|
#198 of 352
|
Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students
Diverse
Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
1.4 mi
|
#267 of 352
|
Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C-
Benjamin F. Butler Middle School
1.7 mi
|
#303 of 352
|
Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students
Very Diverse
Diverse Student Body
Grades 05-08
Laura Lee Therapeutic Day School
1.8 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
C
Dr. An Wang School
2.2 mi
|
#255 of 352
|
Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students
Very Diverse
Rising School
Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
2.4 mi
|
#120 of 352
|
Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
High Schools
4 schools
F
Lowell Middlesex Academy Charter School
0.4 mi
|
#339 of 346
|
Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
0.6 mi
Grades 09-12
F
The Career Academy
1.4 mi
|
#25 of 25
|
Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students
Diverse
Rising School
Diverse Student Body
Grades 09-12
D
Leblanc Therapeutic Day School
1.5 mi
|
#376 of 346
|
Score: 32.8
Same rank as last year
36 students
Diverse
Diverse Student Body
Grades 09-12
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Monthly Payment Breakdown
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Homeowners Insurance
$200
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95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
120 Lakeview Ave, Lowell MA 01850
Lowell, MA 01850
Listing Information
Listing Agent
Ben Davis
Listing Office
North Shore Realty Advisors
Office Phone
617-548-7737
Agent MLS ID
CN233537
Office MLS ID
AN7007
Listing Data Updated
Jul 2, 2026 2:36 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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