Multifamily Housing
42 Mammoth Road Lowell, MA 01854
Details & Description
Price: $1,250,000
    LOCATION, LOCATION, LOCATION! Opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from all units. There are 4 two bedroom units and 4 retail store fronts generating over 92K a year gross with room to increase rents and generate a cap rate of over 7%. The building features vinyl siding.Owner have made many upgrades too long to list here, including brand new 2022 roof, security cameras. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryer.
    Additional Photos
    Listing Agents
    KRISTINA PHAM

    O: 617-372-0792
    bostonsqd@gmail.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    42 Mammoth Road

    Lowell, MA 01854

    Listing ID: 300845
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    Building Size: 6,000 SF
    Lot Size: 0.090 AC
    Land Size: 4,053 SF
    Building $/SF: $208.33
    Land $/SF:
    Price
    $1,250,000
    Description

    LOCATION, LOCATION, LOCATION! Opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from all units. There are 4 two bedroom units and 4 retail store fronts generating over 92K a year gross with room to increase rents and generate a cap rate of over 7%. The building features vinyl siding.

    Owner have made many upgrades too long to list here, including brand new 2022 roof, security cameras. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryer.

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    Points of Interest & Demographic Radii

    Points of Interest
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    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Boston History of Multifamily Housing for Sale

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    Lowell Area Market Trends

    Listing Demographics for 42 Mammoth Road Lowell, MA 01854

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population28,935136,820192,617
    Population Median Age353738
    Population by Age0-9 Yrs2659 (9%)16206 (11%)22567 (11%)
    10-19 Yrs4662 (16%)17915 (13%)24725 (12%)
    20-29 Yrs7472 (25%)23198 (16%)29506 (15%)
    30-39 Yrs3730 (12%)20969 (15%)27872 (14%)
    40-49 Yrs2819 (9%)16166 (11%)23382 (12%)
    50-59 Yrs3173 (10%)17040 (12%)26427 (13%)
    60-69 Yrs2569 (8%)14261 (10%)21290 (11%)
    70+ Yrs1850 (6%)11065 (8%)16847 (8%)
    Median HH Income$55,798$67,185$78,989
    Total Household Income< 24K3131 (30%)10843 (21%)12462 (17%)
    25-49K1575 (15%)8696 (17%)11003 (15%)
    50-74K1543 (15%)7662 (15%)9982 (14%)
    75-99K1581 (15%)7108 (14%)9744 (13%)
    100-199K1971 (19%)12642 (25%)20749 (29%)
    200K+361 (3%)2929 (5%)6064 (8%)
    Highest Education LevelNo Diploma30951350415886
    Diploma or GED55842846738394
    Some College29201503121719
    Assoc. Degree1045702110468
    Bachelors Degree28721609226083
    Higher Degree14551003317028
    Total Housing Units10,88151,97472,629
    --Owner-Occupied3,28025,09042,072
    --Renter-Occupied6,88324,79027,932
    Owner-Occupied Values< 100K150654959
    100-199K57437054351
    200-299K1497810310432
    300-399K621762912505
    400-499K26231027346
    500K+17618966478
    Total Working Age Population24,646110,951156,230
    In Work Force15,48174,848106,178
    Not In Work Force9,16536,10250,052
    Workforce Employed14,54870,913101,048
    Workforce Unemployed9333,8805,056
    Civlian Workforce15,48174,793106,105
    Military Workforce05574
    Total Households10,16349,88070,004
    Family Households5,36630,83645,986
    Non-Family Households4,79719,04424,018
    Married Couple2,80618,87231,474
    Other Family2,56011,96514,512
    Married w/Child8877,35012,454
    Single Male w/Child2551,0821,400
    Single Female w/Child9775,0725,951

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Massachusetts6,349,097+36,547,629+66,933,887+47,225,472
    Middlesex County1,465,396+31,503,085+71,613,961+51,686,641
    Essex County723,419+3743,159+6790,035+3816,022
    New Hampshire1,235,786+71,316,470+31,349,908+41,402,878
    Hillsborough County380,841+5400,721+2409,478+4424,492

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 42 Mammoth Road in Lowell?
    The asking price for 42 Mammoth Road is $1,250,000
    What is the building size of this Multifamily property in Lowell, MA?
    The size of the building/unit at 42 Mammoth Road in Lowell is 6,000 square feet
    How much land does the Lowell, MA property at 42 Mammoth Road include?
    42 Mammoth Road in Lowell includes 0.090 acres of land
    What is the population within 1 mile of 42 Mammoth Road in Lowell?
    The population within 1 mile of 42 Mammoth Road Lowell, MA 01854 is 28,935 people.
    Who do I contact for questions about 42 Mammoth Road?
    You should contact the listing agent, KRISTINA PHAM, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Manchester-Boston Regional Airport (MHT) 20
    General Edward Lawrence Logan International Airport (BOS) 26
    Theodore Francis Green State Airport (PVD) 64