694 Merrimack Street, Lowell MA 01854
Lowell, MA 01854 • Downtown
$2,250,000
Est. $12,255/month
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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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 19, 2026
$2,250,000
Original listing
Agent: The Espinola Group
Office: Keller Williams Realty-Merrimack
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/19/2026 | 🏠 Listed for Sale | $2,250,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $8,131 | $708,300 |
Financial Details
Annual Property Tax
$8,131
Tax Year 2025
Assessed Value
$708,300
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1890
Living Area
8,664 sq ft
Lot Size
0.08 acres
Stories
6
Bedrooms
14
Full Baths
7
Half Baths
2
Total Rooms
28
Investment Metrics
Units
9
Unit 1 Rent
— · Y
Unit 2 Rent
— · Y
Interior
Heating
None
Cooling
None
Flooring
Tile, Varies, Hardwood
Appliances
None
Fireplace
None
Basement
Full, Interior Entry
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Total Spaces
2
Utilities
Electric
Circuit Breakers, 100 Amp Service, Common, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$8,131
Assessed Value
$708,300
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
Seller Is A Licensed Re Agent. Subject To 1031 Exchange. Property Has Audio & Visual Recording Devices. Fully Occupied- Do Not Trespass.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
14
Full Bathrooms
7
Half Bathrooms
2
Living Area
8,664 sq ft
Total Rooms
28
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
8,664 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:
Tile, Varies, Hardwood
Appliances:
Interior Features:
Windows:
Insulated Windows, Screens
Basement:
Full, Interior Entry
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone
Stories:
6
Heating, Cooling & Utilities
Heating:
Heating Zones:
9
Cooling:
Hot Water:
Natural Gas, Tankless
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
2
Parking Features:
On Street
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
3 schools
St. Patrick School and Educational Center
0.1 mi
Grades PK-08
C+
Charlotte M Murkland Elementary School
0.2 mi
|
#560 of 824
|
Score: 42.7
Improved 77 spots from last year
-15.5 below state avg
448 students
Diverse
Rising School
Diverse Student Body
Grades PK-04
Hellenic American Academy
0.3 mi
Grades PK-08
Middle Schools
3 schools
B-
Kathryn P. Stoklosa Middle School
0.5 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-
Henry J Robinson Middle School
1.1 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
Laura Lee Therapeutic Day School
1.5 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
High Schools
3 schools
Old Colony Y Lowell Revocation Program
0.1 mi
Grades 09-12
F
Lowell Middlesex Academy Charter School
0.5 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
F
The Career Academy
1.0 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
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$678
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Downtown
694 Merrimack Street, Lowell MA 01854
Lowell, MA 01854
Listing Information
Listing Agent
The Espinola Group
Listing Office
Keller Williams Realty-Merrimack
Office Phone
978-692-3280
Agent MLS ID
TM363470
Office MLS ID
G95166
Listing Data Updated
Aug 19, 2026 2:26 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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