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Sold on 02/16/2024

16-18 Walnut St, Lowell, MA 01852

$985,000

Last sold 02/16/2024 for $890K

  • 9

    bed

  • 5

    bath

  • 5,749

    Sqft ($155/Sqft)

Multi-family not for sale
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About 16-18 Walnut St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 2,970 Sqft
Movoto estimate
Property description
***BONUS LOT*** Looking for a good investment property? This commuter friendly 5 family located in Lowell also comes with a vacant 5473 sf lot(15 Auburn Street) currently used for parking which also generates income. Buyer to perform due diligence/research on potential development of vacant lot. Rubber roof replaced approx 6 yrs ago. Heat supplied: 2 units gas FHA, 2 units Electric and 1 unit Gas FHW baseboard. 2nd Fl units are new. All units gas hot water. Property currently renting under market value with separate utilities. Lead Safe Homes indicates 4 out of 5 units have lead compliance.
Listed by
Listing Agent - Kathy Pappas
Listing Office - RE/MAX Innovative Properties
Source: MLS Property Information Network, Inc. mls logo
MLS#73163082 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 6 minutes ago
Overview
Levels/Style 9
MLS # 73163082
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Side By Side
SqFt 5749
Lot Size (SqFt) 2970
Lot Size (Acres) 0.07
Annual Property Tax 8248
Year Built 1900
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 9
Basement Full, Dirt Floor, Unfinished
Total # of Rooms 22
Flooring Wood, Tile, Vinyl
Appliances Range
Exterior
Foundation Stone
Roof Rubber
Construction Frame, Stone
Parking Desc Off Street, Stone/Gravel
# Parking Spaces 16
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Electricity 200+ Amp Service, Individually Metered
Water Source Public
Location
County Middlesex
Community Features Public Transportation, Shopping
Zoning TTF
APN M:181 B:6095 L:16
Directions Off Gorham St. Near Lowell Connector
Multifamily Details
Net Operating Income 75460
Operating Expense 12260
Total Actual Rent 6960
Financial Data Source Owner
Expense: Water/ Sewer 4000
Gross Income 87720
Expense: Electricity 240
Lot/ Land Details
Road Frontage Public
$985K
Range: $788K-$1.18M
Last 30 days 
  • Mar 2024
    mls logo MLS # 73163082
  • Mar 6, 2024 Sold
    $890,000 (+0.1%)
  • Nov 12, 2023 Listed
    —
  • Oct 31, 2023 Active
    —
  • Sep 30, 2023 Listed
    $889,000 (+29.0%)
  • May 2019
    mls logo MLS # 72494116
  • May 4, 2019 Listed
    $689,000 (+165.0%)
  • Nov 2004
    Public Records
  • Nov 18, 2004 Sold
    $260,000
  • Year Property taxes Tax assessment
  • 2025
    $8,393 +4.1%
    $731,100 +8.02%
  • 2024
    $8,061 -2.3%
    $676,800 +1.91%
  • 2023
    $8,248 +16.3%
    $664,100 +18.89%
  • 2022
    $7,089 +7.2%
    $558,600 +13.68%
  • 2021
    $6,614 +2.8%
    $491,400 +2.01%
  • 2020
    $6,436
    $481,700
  • 16-18 Walnut St
    $890K
  • Back Central
    $489K +16% y/y
  • 01852
    $542K +32% y/y
  • Lowell
    $449K +7% y/y
No chart available
Statistics calculated by Movoto

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5/10
Moody Elementary School
public Grades PK, K-4
Lowell School District
4/10
Abraham Lincoln Elementary School
public Grades PK, K-4
Lowell School District
2/10
Shaughnessy Elementary School
public Grades PK, K-4
Lowell School District
5/10
Benjamin F. Butler Middle School
public Grades 5-8
Lowell School District
3/10
Lowell High School
public Grades 9-12
Lowell School District
Source: GreatSchools.org © 2026. All rights reserved.

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The property listing data and information 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 are for the personal, non commercial use of consumers having a good faith in 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 set forth herein.
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