177 E Merrimack St, Lowell, MA 01852

18 beds16 baths11,952 sqft Edit

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Sold: $840,000
Sold on 09/29/14
Zestimate®: $961,379
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Well priced 16-unit mixed use building with a healthy Cap Rate of 8.5%! 14 Residential and 2 Commercial units. Strong upside potential as rents are below market rates. Located 1 block from Lowell General Hospital Saints Campus. Low vacancy rate.

Facts

  • Lot: 4,356 sqft
  • Multi Family
  • Built in 1900
  • Views: 2,107 all time views
  • Heating: Other
  • Last sold: Sep 2014 for $840,000
  • Last sale price/sqft: $70

Additional Features

  • APOD_AVAILABLE: Yes
  • BASEMENT_FEATURE: Full
  • BEACHFRONT_FLAG: No
  • ELECTRIC_FEATURE: Circuit Breakers
  • ENTRY_ONLY: No
  • EXTERIOR: Brick
  • FOUNDATION: Granite
  • HOT_WATER: Natural Gas
  • HOW_SHOWN_BB: Call List Agent
  • HOW_SHOWN_BB: Call List Office
  • HOW_SHOWN_FB: Call List Agent
  • HOW_SHOWN_FB: Call List Office
  • LOT_DESCRIPTION: City View(s)
  • MF_TYPE: 5+ Family - 5+ Units Up/Down
  • PROP_TYPE: Multi-family
  • ROOF_MATERIAL: Rubber

Construction

  • Exterior material: Brick
  • Roof type: Asphalt
  • Room count: 40
  • Stories: 4
  • Unit count: 16

Other

  • Floor size: 11,952 sqft
  • Parcel #: M:000199 T:C07406
  • Zillow Home ID: 56511728

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
$961,379
+$35,301 Last 30 days
$779K
$1.15M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,442/mo
+$28 Last 30 days
$1.7K
$3.6K
Zestimate range
Owner estimate:
Posted on 04/02/2013
$939,000 (based on comparative market analysis)
I did a cap rate analysis of NOI and expenses. Did a gross rent multiplier analysis. This is a commercial property and value is based on Rents and NOI not previous sales or assesed value.

Improve This Home's Value

The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

Mid-Range Minor Kitchen Remodel

  • Mid-Range Minor Kitchen Remodel

  • + 22.9K VALUE
  • Project cost: $20,359
  • See kitchen ideas

Mid-Range Bathroom Remodel

Deck Addition

Popularity on Zillow

2,107 all-time views
of this home (chart)

Mortgages

Neighborhood: 01852

Zillow predicts 01852 home values will decrease 1.7% next year, compared to a 0.3% fall for Lowell as a whole. Among 01852 homes, this home is valued 372% more than the midpoint (median) home, but is valued 52.7% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 01852, the number of foreclosures waiting to be sold is 28.3% less than in Lowell, and 22.9% lower than the national average. This lower local number could help 01852 home values rise more quickly than other regions in Lowell.
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Nearby

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    Other Units in this Building (1)ZestimateBedsBathsSqft
    Apt 2--11--

    Nearby Schools in Lowell

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org